3 reasons why you need a business plan

3 reasons why you need a business plan
If you are starting up your own business then this question may have crossed your mind; why do I need a business plan? Sure, it seems like the right thing to do, but it'll take a lot of time and effort, do I really need to?

Our answer is yes. There are many reasons why a business plan is needed when starting your own business; here are a few:
Continue reading
2091 Hits

Changes to IR35 tax legislation

Changes to IR35 tax legislation
IR35 is a tax legislation introduced in the year 2000 that applies to those who are completing work for a client but are not employed by them; rather, they are paid through an intermediary. In these cases, the intermediary must pay the relevant tax and National Insurance Contribution payments, and ensure that compliance is met.
Tags:
Continue reading
2439 Hits

The end of the annual tax return

The end of the annual tax return
This news may have been celebrated by many of you; in this year's Annual Budget, Chancellor George Osbourne announced that the annual tax return would be replaced by a more modern and simpler digital system.
Continue reading
2034 Hits

Self assessment tax return deadlines

Self assessment tax return deadlines
If you are self-employed then knowing the various self-assessment deadlines throughout the year is very important. If you do not meet these deadlines then you could find yourself having to pay penalties that could have been easily avoided. Here are some of the key deadlines for you to keep in your mind for completing your self-assessment tax return.
Continue reading
2811 Hits

Tax benefits when donating to charity

Tax benefits when donating to charity
Whether you are acting as a business or as an individual, donating to charity has a number of obvious benefits; you get to help a cause that you believe in, improve your reputation, and just generally feel good about yourself. But, as well as all of this, donating to a charity can also have financial benefits in the shape of tax relief.

Here is a quick run down of how tax is involved in donations to charity in a number of different circumstances.
Tags:
Continue reading
2450 Hits