Tax And National Insurance When You're Self Employed
When you’re self-employed, you’re responsible for paying tax and National Insurance on your income.
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Emma Walsh
Jul 20, 20222 min read
Cash Basis - How To Record Income And Expenses
You must keep records of all business income and expenses to work out your profit for your tax return.
Emma Walsh
Jul 18, 20222 min read
The Importance Of Hiring A Great Accountant
Every business, big or small, needs to hire an accountant to protect the financial integrity of the organisation.
Emma Walsh
Jul 11, 20223 min read
Self Employed Expenses
Whenever you’re looking at whether you can include costs for travel as a business expense, you need to consider why you made the journey.
Emma Walsh
Jul 6, 20225 min read
15 Reasons Why Book Keeping Is Important
Bookkeeping is important for helping you maintain accurate financial records. Yet, many businesses fail to implement this integral process.
Emma Walsh
Jul 4, 20222 min read
Do you need to complete a Self-Assessment Return?
If you’re self-employed, a partner or a company director, then HMRC will ask you to submit an annual self-assessment tax return.
Emma Walsh
Jun 29, 20223 min read
Understanding Your Statement of Cash Flows
The statement of cash flows, shows how your business has generated and used cash (and cash equivalents) within a specific time period.
Emma Walsh
Jun 27, 20223 min read
Taking Out Cash For Directors vs Sole Traders
If you’ve just moved from being a sole trader to a limited company, you may get caught out by the different rules around withdrawing cash.
Emma Walsh
Jun 22, 20224 min read
How does Corporation Tax work?
When you operate your business through a limited company, that company is considered to be a separate entity from you as an individual.
Emma Walsh
Jun 20, 20222 min read
What Business Taxes Will Your New Company Need To Pay?
There’s a long list of compliance tasks to get your head around and one key task will be registering your company for business taxes.
Emma Walsh
Jun 13, 20223 min read
How does PAYE work?
Once you become an employer, you’ll need to set up a pay-as-you-earn (PAYE) scheme.
Emma Walsh
Jun 10, 20222 min read
Quick Tips: Registering for Value-Added Tax (VAT)
When first setting up your business a key consideration will be whether to register for Value-Added Tax.
Emma Walsh
Jun 8, 20223 min read
How Do I Suspend or Cease Trading as a Limited Company?
On your business journey, there may come a time when there’s a valid reason to suspend or cease trading as a limited company.
Emma Walsh
Jun 6, 20223 min read
Income Tax for Directors
As a company director, it’s important to understand the distinction between paying tax on your company profits and tax on your own income.
Emma Walsh
Jun 1, 20223 min read
Should you use the Cash Basis for Calculating Profits?
As an unincorporated business you have the option of using a ‘cash accounting basis' when preparing your accounts.
Emma Walsh
May 27, 20222 min read
UK will lose world-leading corporation tax status with impending hike, study finds
The government’s decision to raise corporation tax to 25% means the country faces a 16-place drop in the global corporate tax league table.
Emma Walsh
May 27, 20223 min read
How an Accountant Supports your Business Development
As your accountant we won't just look after the financial side of your business we can also advise you on the strategic side of your company
Emma Walsh
May 27, 20223 min read
Windfall Tax Leads Emergency Support Package
After denying calls from Parliament for a windfall tax, the Chancellor has announced plans to tax the profits of energy companies.
Emma Walsh
May 20, 20223 min read
What’s the Best Legal Structure: Incorporated or Unincorporated?
When setting up your business, one of your first decisions will be choosing which legal structure to use. Incorporated or Unincorporated?
Emma Walsh
Apr 29, 20223 min read
How Capital Allowances Reduce Your Tax Bill
To reduce your tax bill when purchasing fixed assets, it’s important to know what capital allowances are available.
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