So you’ve decided to start your own business! You’ve taken the plunge and thought ‘I know what I want to do’. Thats the easy and first step. Detailed below is a review of a few considerations and tips that you should think about when setting up your business. Consider your business structure You will need…
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This week we have a Guest Blog provided by Nick Beaumont-Jones of Auditel – Experts in finding ways to improve business profit Keep staff on board. Cost cutting measures are often unpopular, but when staff understand that their jobs may depend on them, they’ll play along Improve business forecasting. When you have a clearer picture…
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The self-assessment filing deadline for paper returns 2008/09 is 31 October 2009. If you file a paper return after this date you will be issued a £100 penalty. HM Revenue and Customs have indicated that if you tried to file online and failed due to some fault in the online filing process, a paper copy…
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This is probably the most common question that accountants get asked. The maths are obvious. The more expenses claimed against income that your business can legitimately claim, the lower the taxable profit will be. What can or cannot be claimed for will be dependent on individual circumstances. Claiming tax deductions can make a big difference…
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