They say it takes money to make money, but what if a few simple changes could help you make money whist reducing those pesky outgoings? In this blog, we take a look at a few ways that most small businesses can save money and improve their profits in this financial year.
April 2016 tax changes; It’s the time of the year that UK businesses brace themselves for, tax change time. Our annual reminder that anything can and will change. To help prevent unpleasant surprises, we thought we’d list the expected changes for the 2016/2017 year for you below:
George Osborne presented his eighth budget on 16th March 2016. We summarise below some of the principal changes that are likely to be relevant to our clients in the 2016 budget.
Tax law provides that any expense claimed by a business should be a ‘wholly, and exclusively for business purposes, but how do you know where to draw the line. That morning coffee at the train station may be business critical to get you up and going in the morning, but how do HMRC see it?
In January we published our top picks for best websites and apps for small businesses, if you missed it, you can find it here.
We came across so many truly helpful and innovative tech solutions for contractors, freelancers and SMEs, that we just had to share a few more with you. So this month, we’ve put together our Top 5 Paid-for list, apps and websites which could help you save money by improving the way you work.
This year the government are introducing new legislation for landlords, which for many, will mean they have to make significant changes to the way they run their businesses. Read about the new landlord tax changes and contact our team if you think your business will be affected.
Still using pen and paper? We don’t blame you, sometimes it’s the best way with so many softwares, websites and apps out there on the market, many of which don’t have the specific functionality that a small business owner needs. But fear not! It’s a new year and the tech offering has never been so strong.
One of the best features of our brand new website is the addition of a cloud-based accounting software. Why? Because gone are the days of the traditional office worker, welcome to 2016 where the world is your office. We’re embracing that fact, celebrating it and working hard to make your business run more smoothly.
Most businesses entertain customer, suppliers and useful business contacts from time to time. It has long been the case that tax relief is not available on entertaining expenses, but in large companies, employees whose role includes entertaining will always seek to reclaim these expenses to avoid being out of pocket.
In the summer budget the Chancellor announced that from 6th April 2016 the tax credit on dividends would be replaced by a £5,000 tax free dividend allowance available to all. He went on to say that a dividend tax would also be introduced so that basic taxpayers would pay 7.5% tax, higher rate taxpayer would pay 32.5% tax, and additional rate taxpayers would pay 38.1% tax.