Diversity in the workplace has long been seen as a myth the further up the management chain you go. In recent years, more and more women are moving further up the economic chain, which is making for a new wave of businesses, the majority being women-led companies, sometimes founded out of frustration that their skills were not being utilised in the best way…. Continue Reading
Offsetting the cost of a garden office
Question
Finding peace and quiet when working at home can be difficult, especially when the children are around. I have been giving some thought to building a dedicated garden office so that I can focus more on my work. Would I be able to offset the cost of building and kitting out an office such as this, against my profits?… Continue Reading
Paying your tax bill
Question
As well as being in full-time employment, I run a small craft business in my spare time at weekends and in the evenings. I often struggle to pay my tax bill in January in one lump sum, and wondered if there are any alternative ways that my tax can be collected, as I am finding this particularly difficult after the expense of Christmas…. Continue Reading
Real-time information
Could you please tell me what HMRC have decided to do with regard to real-time information and late filing penalties?
The change applies to businesses employing less than 50 members of staff. Basically, HMRC have decided to delay the implementation of penalties for late filing of real-time PAYE returns until 6th March next year for businesses of this size…. Continue Reading
Claiming tax relief for business expenses
Q. Am I able to claim tax relief for mileage expenses incurred when visiting clients, and for a professional subscription relevant to my career?
A. Tax relief is claimable if the items are for business purposes only, and not for personal reasons. These might include the following:… Continue Reading
Laziness at work
The British. While we may be known for having a stiff upper lip, or for being slightly eccentric, it seems we’re also getting a name for ourselves as a lazy nation – and this could be affecting business significantly.
Laziness in our personal life – from driving when we could walk or cycle, to putting off shopping around for cheaper insurance or ‘not being bothered’ to take unwanted clothes back for a refund is estimated to cost the average Brit £17,000 over the course of their lifetime. Moreover, at seems that we are liable to continue being lazy when we are at work…. Continue Reading
How to Deal With Tax Investigations
Routine tax audits tend to be more straightforward than tax investigations, and generally target VAT and PAYE record-keeping systems. Tax investigations can be very complex and usually happen when HMRC suspect inaccuracies, whether deliberate or accidental.
For example:… Continue Reading
Tax on Christmas Presents for Employees
Question
How can I make sure that my staff do not pay tax or National Insurance contributions on their Christmas presents from myself? I also want to avoid having to deal with any additional paperwork…. Continue Reading
The Costs of Starting a Business
Keeping your costs down as you start a business is vital to the success. The additional pressure of having to pay off debt is avoided, and as long as you have what you need to operate effectively, reigning in your spending gets you off to a good start.
Controlling initial costs
With the cost of renting premises being so high, working from home provides one of the biggest cost savings when launching a business. Here are some other ways to save money: … Continue Reading
A Guide to Keeping Tax Records
Well-organised tax paperwork is vital for staying in control of your financial situation and helps keep accountancy fees to a minimum when submitting your tax return.
What tax records are needed for self-employment?
The tax records needed to complete your self-assessment tax return include:… Continue Reading
- « Previous Page
- 1
- …
- 20
- 21
- 22
- 23
- 24
- …
- 49
- Next Page »
