Top Tips for First-Time Freelancers

Top Tips for First-Time Freelancers

May 21, 2019 | No Comments

Lots of us dream of being self-employed and taking the plunge to pursue the journey is an exciting moment in a lot of people’s lives. However, it does have a downside. Dealing with regulations and rules surrounding self-employment can be tricky. Whether your business is a single-staffed company or a larger business, it’s vital that you know what you need to do to stay above board. Here are some of the most common questions we get asked and the information you need to answer them: When should I register with HMRC? As soon as your business starts operating and trading
Read More

What You Need To Know About Directors Loan Accounts

What You Need To Know About Directors Loan Accounts

March 14, 2019 | No Comments

Most business owners first learn about Directors Loan Accounts is when they’re sat with their accountants to discuss their Ltd Company year-end accounts. It’s not something that is always discussed. If you’re unsure about them and need a little more information, hopefully, this article will answer some of your questions. Directors Loan Account Simplified Put simply, a Directors Loan Account is a record of how much money your limited company owes you or that you owe your company. It shows the amount left for you to withdraw free of tax from your company, or if you’ll need to reimburse if
Read More

How Leaders Can Make Better Business Decisions

How Leaders Can Make Better Business Decisions

February 21, 2019 | No Comments

As a leader in a business, you’ll be faced with decisions every day. Whether they’re small decisions that don’t make much of an impact or larger scales decisions that could change things massively for the company and those working for it. It can be daunting and the sense of responsibility on you often gets overwhelming. There’s no clear set way to make a great decision, it all depends on the situation, those involved and the implications of each possible outcome. We have developed a quick list of things that we suggest taking on board when it comes to making your
Read More

The Gender Pay Gap: What The Companies Getting It Right Are Doing

The Gender Pay Gap: What The Companies Getting It Right Are Doing

February 7, 2019 | No Comments

In April 2018 all UK companies who employed 250 or more employees had to publish statistics revealing their gender pay gap. This movement saw a flurry of headlines highlighting companies with large pay gaps and what they should do to narrow them. Initially, more than ¾ of businesses were paying their male members of staff more than female employees. Some of the worst perpetrators had a gender pay gap of over 80%. Some of the biggest companies in the UK showed that their gap was over 3 times higher than the national average. At the time this was 18.4% for
Read More

Working From Home – What You Need To Know About Tax Relief

Working From Home – What You Need To Know About Tax Relief

December 28, 2018 | No Comments

These days it’s common to work from home at least some of the week. With busy schedules and a lot of places saying goodbye to the standard 9-5, there’s no wonder really. As well as this, lots of companies give their employees the opportunity to work remotely and are much more flexible with location arrangements.  However, this leads to a lot of our clients wondering whether there’s any tax relief for those than work from home to cover the costs of doing so. It can be hard to get your head around the ins and outs of what you can
Read More

Top Tips For Recruiting

Top Tips For Recruiting

November 22, 2018 | No Comments

As a growing business, one of the many steps you’ll take is employing new staff. Doing this for this first time can seem daunting and having a little guidance will go a long way. Here we give you our best tips on how to ensure you’re recruiting right. Decide a wage Take a look at your accounts and work out how much you can realistically afford to pay a member of staff. Ensure it’s not going to leave you struggling or scraping the barrel at the end of the month. If your budget for a wage is smaller, it might
Read More

Start of the Year Checklist for Business Owners

Start of the Year Checklist for Business Owners

November 15, 2018 | No Comments

As we approach the end of this year, it’s the perfect time to sit and reflect upon your business finances. Whether you’ve struggled or exceeded your expectations, it’s time to start making your next steps to improve next year. What was successful and brought in lots of profit? What didn’t go as well and requires further thought? Thinking about these things allows you to carefully consider your future goals and create realistic targets for your business. Reflection can only get you so far though and there are other steps you can take to ensure success next year. Get your taxes
Read More

How To Prepare For Christmas Sales

How To Prepare For Christmas Sales

November 6, 2018 | No Comments

No matter what your feelings on Christmas are, Christmas stock is appearing in the shops earlier each year. As soon as Halloween stock is out of the stores, you can guarantee to see the Christmas products. Thinking from a consumers’ point of view, you’re probably thinking it’s too soon. As a small business owner however, it’s not too early. If Christmas hasn’t crossed your mind yet, you need to think about it – and quickly. Take full advantage of the most lucrative time of year for the majority of businesses. Supply what your customers are demanding Personally, you may loathe
Read More

CEO Pay Ratios to be Publicised

CEO Pay Ratios to be Publicised

October 25, 2018 | No Comments

We’ve all seen the coverage surrounding the reporting of the gender pay gap. It’s now been announced that large listed companies will soon be required to publish the ratio of CEO’s pay to that of the workforce. This is due to new legislation taking effect as of January 1st, 2019. Here we discuss the implications that could occur for payroll workers. We’ve had a years’ worth of gender pay gap reporting to do, now we’re faced with another load of data calculations to prepare and publish. These will come in the form of CEO pay ratios. For many years, the
Read More

Do I Need To Pay Tax On My Hobby/Side Business

Do I Need To Pay Tax On My Hobby/Side Business

October 25, 2018 | No Comments

Is there something that you love doing? Something that you’re good at and enjoy? Chances are your thoughts have turned to making money from it. Why not? Some seriously successful businesses have been born from a simple idea that starts at home. What many people don’t understand is, doing it for the pure fact that you love it is very different to when it becomes a business. There’s lots to consider, from profits, expenses and tax to marketing and admin. If you’re sure that it’s what you want to do, we’ve got some helpful advice for you in this blog
Read More