If you received untaxed income (e.g. self employed earnings or rental income from property) between 6 April 2018 and 5 April 2019 you’ll need to file a Self Assessment Tax Return. The deadline for online filing of your 2018-19 Tax Return is Midnight 31 January 2020. The same deadline applies for paying any tax you owe for that period.Continue reading “Self Assessment Tax Return 2018-19”
You didn’t start up your business to get bogged down in red tape! Your time is better spent taking care of business. Leave the bookkeeping and admin to an accounting professional who wants you to achieve your goals and vision.
All employers are legally obliged to enroll/re-enroll their eligible employees into a workplace pension scheme. They must ensure that the minimum pension contributions for employers and employees are being paid on time. Auto Enrolment minimum contribution levels are increasing in April 2019…Continue reading “Auto Enrolment Minimum Contribution Levels Are Increasing”
Does your customer owe you money? Is s/he ignoring your requests or refusing to pay for no good reason? What should your next move be? Here’s what you need to know about debt recovery, court orders and judgement enforcement.Continue reading “Debt Recovery, Court Orders and Judgement Enforcement”
Making Tax Digital (MTD) is part of the Government’s plan to make the UK tax system “more effective, more efficient, easier for taxpayers to get their tax right”. The main points to note are:
Knowing your customers and getting a grip on credit control is vital for your cash flow management. Here are some tips to help you get paid on time and deal with late payers…Continue reading “Credit Control, Cash Flow and Late Payers”
Are you a business owner trying to save money by doing your own bookkeeping. Are you relying on a family member to do it? Good bookkeeping is more than just document filing and data entry. You will make your business life easier and save more money by hiring a professional who provides value-added bookkeeping.
As a business owner you should know when you need to register for VAT with HM Revenue and Customs (HMRC). You should also understand the pros and cons of registering voluntarily for VAT if you’re below the current ‘VAT threshold’.
Here are some bookkeeping tips for new business owners who are operating as a sole trader, or in partnership, or running a limited company.