Getting money out of your limited company
If you are a sole trader or a partner in a business, extracting funds from the business is quite simple. […]
National Minimum Wage (NMW) and National Living Wage (NLW)
Rates from April 2022 Ensure you are paying the correct rates and not underpaying your staff. Over 200 large, national
Separating business and personal expenses …. please use a “business” bank account
When business owners begin their companies, many start out by using a personal bank account. It is often the case
“How to…” videos – for staff and customer education
It can be time consuming to write instruction manuals or create help sheets for work processes and procedures etc. In
Please do NOT amend sales invoices once issued!
Sales invoices can be produced using accounting software, they can be can be created using a word processor or even
The real effects of the Health and Social Care policy levy from April 2022
The chancellor announced the introduction of the above levy in October 2021 to come into effect from April 2022. Reference
Basis period reforms for income tax
Another HMRC plan is to change how profits from a business are taxed. This only affects sole traders and partnerships
Making Tax Digital for VAT
Whilst covered in recent newsletters, time is now running short, and all businesses have to submit VAT returns digitally from
VAT registration – monitor your turnover!
For small businesses, VAT registration is required if, over the last 12 months, the “taxable supplies” have exceeded the VAT
Dividends from your company
From April 2022, as well as an increase in the national insurance contributions, the tax on dividends also increases. An