If you’re earning £1k or more in property rental income, you should be reporting this to HMRC via an annual self-assessment tax return. For some becoming a landlord is accidental, so you are unaware of the rules. For other’s a busy life takes over and you might have missed the
What to do about un-declared rental income Read More »
As a small business owner, it is probably fair to say you have your fair share of self doubt and the odd crisis of confidence. Quite often referred to as Imposter Syndrome, we asked Lisa Hardy of Confidence and More to explain what it’s all about. Imposter Syndrome: “the persistent
Imposter Syndrome And Small Business Owners Read More »
For small business owners, few challenges loom larger than their business bank balance. For many business owners, its not just a number on a screen, but a reflection of their performance and the difference between success and failure. Understanding the levers that effect your bank balance and how you can
How to improve your bank account balance? Read More »
It is not uncommon, for a new business owner to incur costs ahead of trading through their new business including set up costs, professional advice, and even new equipment. It is also very common for business owners to use previously personally owned assets in their business. The question is, do
Can I get tax relief on pre-trading expenses? Read More »
Bookkeeping and accounting are crucial aspects of running a successful small business. However, many small business owners struggle to manage their accounting tasks, leading to costly mistakes that can impact business operations and financial health. The risk of making accounting mistakes is high given the number or rules and deadlines
Six common mistakes small business owners make Read More »
Up until now, expenditure incurred by the owner of a business on training courses for themselves has not necessarily been tax deductible. HMRC’s approach has been to deny any tax relief for expenditure on a training course which provides new expertise or knowledge, rather than being a refresher or an
Are training courses tax deductible? Read More »
Today, Jeremy Hunt delivered his 2024 Spring budget, stating that the UK economy has dealt with the financial crisis, the pandemic and energy crisis caused by war in Europe. He acknowledged that interest rates “remain high as we bring down inflation” but added “We can now help families not just with
What does the Chancellor’s Spring 2024 budget mean to business owners? Read More »
Can my business pay for my garden office or workspace? Garden Offices and workspaces have grown in popularity since the Covid Pandemic forced many people to work from home. Many businesses have chosen to relocate from commercial rented spaces and for some the ability to set up from home has
Can my business pay for my garden office ? Read More »
As a Company Director running your own limited company, you need to be aware of some changes to legislation that will affect you, bought about by The Economic Crimes and Corporate Transparency Act which became law in October 2023. The government says that the new law enables Companies House to
Company Directors – Don’t Get Caught Out by Changes at Companies House Read More »
Thinking of starting a business? Many people dream of starting their own business for a multitude of reasons; being your own boss, creating a better work life balance, the satisfaction of creating something from nothing or because you are passionate about a particular cause. Choosing this path can be incredibly
9 Steps to giving your new business idea the best chance of success Read More »
