IR35 is the tax legislation designed to stop individuals, whose working arrangement reflects employment, from paying less in tax when providing their services to clients through their own limited company. Due to its complexities, and the fact that many factors need to be considered when deciding whether a contractor should be classed as a self-employed individual or an employee for…
There comes a time in every business’s life span when things reach a bottleneck. It could be down to one of any number of reasons, but at those times it’s often difficult to figure out how to extricate yourself from it and keep the business marching on. It is at times such as those that…
You have probably caught wind of it already, but just in case you haven’t new legislation comes into force in May regarding data compliance. The General Data Protection Regulation, better known as GDPR, comes from the European Union and is designed to give people control over how organisations use their data. What exactly is it?…
While many of us may not see it, working too hard is affecting our free time more these days. This means less time with family and friends, as well as losing out on sleep and relaxation. The world of business is more competitive than ever, so our automatic reaction is to work as hard as…
If you are an employer, then you are required by law to provide a workplace pension scheme for all your eligible staff. If you became an employer after the 1st of October 2017 then you must automatically enrol staff into a scheme, whereas if you were an existing employer at this time then you should…
You have been thinking about it for a while and you are now ready to take the plunge and get your own business going. Enough with working for others, it’s time to be your own boss. You have the idea, you have the funding (or financial backing), and you know exactly how you want things…
We get asked this question a lot by our clients and the answer unfortunately is NO you can’t claim the VAT on business entertaining as a rule. However, you can claim the VAT element on entertaining your staff and overseas customers. So, if you had a Christmas party for all staff you could claim the…
10 Things Your Bookkeeper Should Do for You 1 – Give You Back Your Precious Time Do you really want to be spending your evenings and weekends doing your bookkeeping even if you know what you’re doing and unfortunately, a lot of business owners don’t! You probably think that it is best to do everything…
Do sights like this cause you worry? Then read about some of our handy hints below It is so important to always know where you are with your bank account and keep regular tabs on incomings and outgoings. It is all too easy to bury your head in the sand and leave your bookkeeping to…
