Should I Receive a P60 while I am on Job Seekers Allowance

Should I Receive a P60 while I am Claiming Job Seekers Allowance?

Your benefits office should issue you a P60 by the 19 May since Job Seekers Allowance is paid under a PAYE scheme, as though...
Do I need to File a Tax Return?

Do I Need to Submit a Tax Return?

Many people pay their tax through the payroll system, which means they receive a payslip which shows deductions made for Tax and National Insurance and...
Directors Loans Account

How to Handle an Overdrawn Directors Loan Account

An Overdrawn Directors Loan Account has knock on effects with Companies House, HMRC and even the general well being of a Company.  Here are some ways to handle an overdrawn directors loan account.
how to calculate UK depreciation

How to Calculate UK Depreciation and Depreciation Rates

Depreciation and depreciation rates in business are accounting terms.  When a business buys a fixed assets it will use it for a number of...
tax advice and allowable business expenses for self employed personal trainers

Tax Advice and Allowable Business Expenses for Personal Trainers

Personal training has become a booming business, with people becoming more and more preoccupied with their physical appearance. So becoming a Self Employed Personal...
Types of Funding to Solve a Cash Flow Problem

Short Term Finance to Solve a Cash Flow Problem

There are many different types of finance out there each one designed for a different set of scenarios.  When it comes to bridging a...
What is Inheritance Tax

How does Inheritance Tax Work?

Tax is confusing and inheritance tax is no exception. Here’s our guide to explaining inheritance tax to help you understand how it may affect you or your loved ones.
Rental Kitchen Replacement Tax

Can I Claim for the cost of a Replacement Kitchen for a Rental Property...

If you are a landlord and replaced a kitchen in one of your rental property, the rules around what you can claim for against...
HMRC Tool: Check if You Need to File A Tax Return

HMRC Tool To Check If You Need to File a Tax Return

Confused whether you need to submit a tax return by 31 January 2018, for the tax year 6 April 2016 to 5 April 2017....
Here's How To Register For Taxes When You Become a Self Employed Deliveroo Rider

Here’s How To Register For Taxes When You Become a Self Employed Deliveroo Rider

Here’s the Link to HMRC to set up your Government Gateway Account and to start the registration process. Check out the full guide to Taxes for Deliveroo...
why do i need management accounts?

Why Do I Need Management Accounts?

You may have a requirement for management accounts for a lender or perhaps you have read that management accounts are important for your business...
fixed asset register

What is a Fixed Asset Register?

A fixed asset register is used by a business to manage fixed assets it owns. A fixed asset is an item a business buys to...
tax advice and allowable expenses for self employed nail technicians

Tax Advice for Self Employed Nail Technicians

Self Employed Nail Technician? Here is our tax advice guide just for you. Whether you are starting out or just want to understand more...
Are VAT Surcharges Tax Deductible?

Are VAT Surcharges Tax Deductible?

No, VAT Surcharges are not tax deductible. If your business is charged with a VAT Surcharge then it will be shown as a cost...
What is corporation tax

What is Corporation Tax?

What is Corporation Tax? Corporation tax a tax paid by limited companies.  Self employed individuals do not need to pay corporation tax. Corporation tax is paid...