Paying subsistence expenses using benchmark rates

December 06, 2016 | by Sian Kelly | No comments
 
The old dispensation regime came to an end on 5 April 2016 to be replaced with a new statutory exemption for qualifying paid and reimbursed expenses. The new exemption applies for 2016/17 and later tax years.
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10 Money-Saving tips for Freelancers

November 25, 2016 | by Sian Kelly | No comments

While working at home as a freelancer sounds like the ultimate dream for anyone who tires of the rat race, freelancers still have more than their fair share of financial matters to worry about.

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The Autumn Statement 2016 Summary- Tax Announcements

November 25, 2016 | by Sian Kelly | No comments

Philip Hammond delivered his 2016 Autumn Statement on 23 November and announced it will be the last of its kind.  There will be a Spring Budget in 2017 followed by a second Budget later in the year followed by annual winter Budgets.

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4 Common Bookkeeping Pitfalls — and How to Avoid Them

November 18, 2016 | by Sian Kelly | No comments

Although most entrepreneurs recognise the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business.

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Inheritance tax and property- the rules

November 14, 2016 | by Sian Kelly | No comments

Many people worry about inheritance tax and, for the majority of people, their home is their most valuable asset. Parents, particularly as they enter their twilight years, may consider giving their home to their children or grandchildren to keep the taxman from getting his hands on it.

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Differences Between Gross and Net Profit (Why Neither Matter Unless You Get Paid!)

November 04, 2016 | by Sian Kelly | No comments

Wondering if you're doing everything you can to boost revenue and cut costs? Or if your business is actually more profitable this year than it was last?

The best way to answer these questions is with a thorough assessment of profitability.

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