How to create a HMRC Goverment Gateway account (aka Online Tax Account)
In today's digital age, it is increasingly important for small businesses to have their online tax account in order. With HMRC shifting its services online and reducing phone support, it is crucial to register for a HMRC Government Gateway Account and add the relevant taxes for your business. Our short guide shows you the simple steps to get your account set up.
Christmas Parties - What can you spend and avoid tax?
Christmas is just around the corner! Do you want to know what your business can spend on a Christmas party for you and all your colleagues? Well the answer is pretty straight forward and sticking to a few simple rules will allow you to have a good old tax deductible, benefit free knees up with your colleagues.
What is VAT and do I need to register for VAT?
What is VAT and do I need to register for VAT?
Our simple guide will help you to decide. VAT is applicable to all types of businesses including Sole Traders, Limited Companies, Partnerships etc.
Just incorporated a company? - 10 practical things to do now.
We've put together our list of 10 practical things that each newly incorporated company should do. We'll be honest, they're not the most exciting & dynamic tasks. But trust us. They'll save you from heartache and a big headache further down the line!
Company Directors - Treat yourself and your family to £300 of TAX-FREE wine, beer and gifts!
Directors, treat yourself or your family to tax free wine or gifts courtesy of HMRC's Trivial Benefits Exemption. Take advantage of the exemption and enjoy up to £300 of tax free beer, wine, gifts each year.
Contributing towards a pension using your Limited Company
If you own a limited company, contributing to a pension can bring significant tax advantages. Pension contributions can be treated as an allowable business expense and offset against your company’s corporation tax bill.