Considering hiring your first employee? Then take a read of, Jo Trimarco of JT HR Consulting Ltd’s guest blog to find out more. Hiring employee number one is arguably the biggest, and most daunting, step for a small business owner. I thought it would be helpful if I compiled
HR Checklist For Hiring Your First Employee Read More »
If you own a Limited company, you will be familiar with the need to file accounts. Financial accounts are annual reports required to meet statutory obligations, such as filing with Companies House and supporting tax return submissions. These accounts are backward-looking, reflecting the past financial year, and must adhere to
Do I Need Management Accounts? Read More »
When I launched my own business, back in October 2023, I knew I would need to get visible if people were to buy from me. Deep down I hoped that I could hide behind social media content and blog posts, like this one, because the thought of face-to-face networking terrified
Is face to face networking worth it? Read More »
Our guest blogger, Angela James of Yolo Wealth Ltd, explores the power of the compound effect and how incremental payments and savings can have a big impact on your financial security. The compound effect refers to the principle that small actions, consistently taken over time, can lead to significant results.
What is the Compound Effect? Read More »
Running a small business is challenging and quite often it can feel like you are working incredibly hard for very little reward. Not making enough profits? That’s when it becomes very easy to get lost in implementing an array of tactics to try and improve results. Quite often the first
How can I make more profit in my company? Read More »
A Director’s Loan Account (DLA) can be a useful tool for managing finances in a small business. However, it can also arise unintentionally and lead to unexpected tax implications if not handled correctly. In this blog we will explain what a Director’s Loan Account is, how it can be used,
How do Director’s loans work? Read More »
How As Small Business Owners We Can Prioritize Self-Care Amidst Numerous Responsibilities Running a small business can be incredibly rewarding, but it also comes with its fair share of challenges. One of the biggest struggles for many small business owners is finding balance amidst the multitude of roles they play.
Self Care for Business Owners Read More »
10 legal ways to reduce your corporation tax bill Whilst paying tax is a sign that your Limited company is profitable, not many business owners want to pay more tax than they must. And most business owners we work with are keen to discover legitimate ways to reduce their Corporation
10 Ways to Legally Reduce Corporation Tax Read More »
Tax Returns: The Benefits of Beating the 31st of July Deadline Yes, we know, the filing deadline for your tax return is 31 January, but in our mission to ensure small business owners are financially literate and confident in their business accounts, we aim to file all our clients tax
9 Reasons To File Your Tax Return Early Read More »
As a small business owner, you’re likely familiar with the idea that not all expenses can be claimed as tax deductions. HMRC (His Majesty’s Revenue and Customs) has a stringent set of criteria, including the “wholly and exclusively” test, which states that expenses must be solely for the purpose of
Can my business pay for my work clothes? Read More »
