It might be challenging to adhere to all tax regulations. It is not surprising that some small businesses occasionally experience tax issues. It’s understandable why many businesses worry about tax compliance when you factor in the stress of a routine tax examination, even if you have nothing to hide. It pays to get expert advice and move immediately if you have tax issues or are under investigation for them rather than just hoping for the best.
Entrepreneurship has taken a new turn in recent times. Many people have invested in different business types across several industries in the UK. Most of these strated a new business at home. areas. They have reached the optimal position of success, revenues, and profits. But creating a new business and making it successful is no walk in the park.
There are many areas to consider while planning for a business. From choosing the name to deciding the taxes. You must pay attention to many aspects simultaneously. You can leave one thing behind and focus on another. Every pillar of your business needs a strong foundation. So, learning more about the ways to start a business sounds feasible.
The following guide will introduce some facts you should remember before launching your business…. Continue Reading
For many people on the path to working for themselves, the first thing that they will do is register as a sole trader. Registering as a sole trader is an essential part of the process. However, it is easy, especially with expert help.
Want to know more about how to register as a sole trader? Here is our guide on what you need to know…. Continue Reading
Sole traders and bookkeeping
No matter the size or type of business that you are running, one aspect is certain, you are going to need to think about your books and how to keep on top of them. You may think that the smaller your business, the easier it is to manage your books, this is not always the case.
Running your small business as a sole trader, you need to maintain good financial records. This is for tax purposes and also for you to review your business progress.
Are you not clear where to start as a sole trader? Here are some of the main things that you need to know about sole traders and bookkeeping…. Continue Reading
Have you found yourself thinking about setting up a business lately? Think that you have what it takes to run a successful business? Also, make a success of yourself? If you do, you will need to make sure that you understand the process and all the significant decisions you need to make. Southside Accountants in Wimbledon are pleased to support you.
This guide will help you understand about setting up a business. Further, to support you make to make the right… Continue Reading
Today the Chancellor announced an extension of the Coronavirus Job Retention Scheme, supporting workers who are unable to work due to COVID-19 and will continue to provide 80% of workers wages until October 2020.
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A useful guide for employers and employees working from home due to coronavirus. See what support is available and what you can claim in expenses.
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HMRC will reimburse 80% of furloughed workers wage costs up to a cap of £2,500 per month per employee. The scheme will be in place for 3 months and if needed, be extended until the health crisis is over. Employer Q&A: Coronavirus Job Retention Scheme, your questions answered here.
HMRC are currently creating a new online portal so that all UK employers, regardless of size, will be able to seek assistance if they have employee(s) who have been designated as ‘furloughed’ workers, known as the Coronavirus Job Retention Scheme.
… Continue ReadingAs you know, the fallout from the Coronavirus pandemic continues, most businesses are adversely affected.
Please see link here as regards to the support available. We have summarised below the main points for small businesses to help understand clearly the help available during these extraordinary times.
… Continue ReadingPub owners have reason to celebrate as the Government pledges to a £1,000 business rates cut for pubs.
This valuable tax relief will be available to pubs with a rateable value of less than £100,000 available for a year from April 2020.
The welcome support to public houses is in addition to the previously announced cuts for small shops who will see their bills cut by 50 per cent.
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