by Rebecca | Dec 19, 2013 | Sole Trader, Starting in business
What are self assessment payments on account? Payments on account are mainly paid by people who are self- employed. It is a payment for tax which is made twice a year to help spread the cost of the tax payable. When is it due? The first instalment is due on 31st...
by Rebecca | Oct 31, 2013 | All businesses, Personal tax
High Income Child Benefit Charge The High Income Child Benefit Charge (HICBC) is a tax charge which repays part of the child benefit received by high earners earning over £50,000 to a 100% repayment for those earning over £60.000. It applies to child benefit...
by Rebecca | May 16, 2013 | All businesses, Starting in business
How to choose an accountant for your small business Choosing an accountant can seem like a daunting task but it doesn’t need to be. It’s important to remember that not every accountant will be right for you. Having the right accountant for your business is essential...
by Rebecca | May 9, 2013 | All businesses
Do you need to change accountant? Changing accountants is like changing banks. It is something that people don’t usually do unless they have had a particularly bad experience. Many business owners believe it is too difficult to change accountant and therefore stay...
by Rebecca | May 2, 2013 | Sole Trader, Starting in business
How to claim capital allowances and reduce your tax liability In my previous blog about expenses that a sole trader can deduct when calculating their tax liability I talked about the two main types of expenditure: Capital expenditure is money spent on items (assets)...
