Buy-to-let tax increase for landlords

The past few years have been progressively more difficult for landlords, as the government has sought to crack down on what it sees as the inflated private rental sector. Since the most recent budget, the buy-to-let tax increase for landlords is a hot topic and is becoming increasingly more complicated... In this blog post I’m looking at the latest legislation affecting rentals, whether a … [Read more...]

5 Tips for starting your business on a shoe string

Starting your business is exciting but also daunting. Many businesses are started whilst the entrepreneur has another job or business so as to mitigate some of the risk. There are many ways of reducing the cost of setting up and establishing a business before the financial risk becomes too big to handle. 1. Work from homeFinding affordable work space suitable for your business locally can be a … [Read more...]

Should I hire a bookkeeper for my small business?

What does a bookkeeper do - and do you need one? Small businesses are run by people with a big passion, huge commitment and a dedication to what they love. Frequently, that passion doesn’t additionally extend to the everyday details and commitments required to stay on top of the books! If you’re not a fan of financials, or you’re just swamped with the day-to-day of running your business, … [Read more...]

How to invest in small companies

Small companies are big business in the UK. In 2016 small businesses accounted for 99.3% of all private sector business, making them an intrinsic part of the economy. For investors, investing in small companies makes good business sense. [When you consider that even the largest of global brands often start out small, seeking investment, it’s worth taking some time to review your investments. … [Read more...]

Self-Employment Toolkit

Making the change from employed to self-employed is simultaneously exciting and daunting. What if it doesn’t work out? What if your business doesn’t survive? Thousands of people make the empowering decision to become their own boss every single year. To make the process a little easier we have put together the following Self-Employment Toolkit to provide all of the information you need … [Read more...]

What if I miss the tax return deadline?

Should you fail to meet the deadline to submit your self-assessment tax return there are penalties which HMRC will charge automatically. The first deadline is the 31st October for paper returns, but if you miss that deadline you are not fined as long as you submit the electronic version before the 31st January, but if you miss this deadline, and fail to pay any tax due by the same date then the … [Read more...]