For many self-employed individuals and small business owners, navigating the UK’s tax system can feel like a maze. One area that often causes confusion (and sometimes frustration) is Payments on Account. As the 31 January self-assessment deadline approaches, you may notice these additional payments on your tax bill and wonder why you’re being asked to...
With 2024 now closed, it’s the perfect time to pause, reflect, and take stock of the journey behind us. What did we achieve? What challenges did we overcome? And what lessons are we carrying into 2025 that will mean we thrive and grow? Reflection is a powerful opportunity to celebrate growth, acknowledge the hurdles, and...
As a small business owner, you’re no stranger to challenges. From market fluctuations to unexpected setbacks, the entrepreneurial journey is often a rollercoaster ride. How many times have you wondered if it was worth it? Feeling like it’s one battle after another just to keep ticking over? How do you keep going and what separates...
The simple answer is yes. But should you? If you’re running a limited company, you might have wondered whether buying a car through your business is a savvy financial move. This decision isn’t as straightforward as it might seem and involves weighing the benefits, tax implications, and alternatives. Let’s explore this topic in detail. The...
Tax investigations can be a significant source of stress for business owners, especially for small businesses that may not have the resources to handle such inquiries effectively. Even when your finances are in order, the process of defending your position can be costly and time-consuming. With HMRC stepping up their efforts to investigate businesses, it’s...
In business, numbers don’t just matter—they define success. Your financials tell a story, and as the owner of a thriving business, it’s time to stop leaving that story unread. For businesses of any size understanding your numbers isn’t just about survival; it’s about unlocking your full potential, scaling strategically, and staying competitive. If you’ve...
Money matters and our mindset around money and our own self worth and value is key when running a business. So we asked Sally Munday, Business Coach to explore the subject of Money Mindset and its impact on small business owners. Here is what she had to say. We all usually start our own business...
As a business owner, one of the key challenges you face is taking money out of your limited company in a tax-efficient way. If you’re ambitious and looking to grow, minimising unnecessary tax payments is essential to keeping more cash in your business (and your pocket!). Fortunately, there are several ways you can legally withdraw...
Christmas is a time for giving, celebrating, and spreading festive cheer, but if you’re not careful, you might accidentally invite HMRC to review your Christmas gift list! Here’s what you need to know to keep your Christmas fun (and tax-free!). Staff Gifting: Festive Cheer, Not Festive Fear! You want to say thank you to your...
As a business owner, reaching the 6-7 figure turnover milestone is a significant achievement. However, this success also brings increased complexity, particularly when it comes to managing your finances. At this stage, staying on top of your financial health, improving operational efficiency, and focusing on scaling are critical to maintaining momentum. But with growing complexity...
At Beansprout, we are more than accountants. Empowering, nurturing and forever curious – at Beansprout we support ambitious business owners to grow their business using our Numbers, Narrative and Nurture approach. Call Us: 01525 306920 Message Us: letschat@bean-sprout.co.uk Beansprout Consultancy Ltd
Empowering, nurturing and forever curious – at Beansprout we support ambitious business owners to grow their business using our Numbers, Narrative and Nurture approach. Call Us: 01525 306920 Message Us: letschat@bean-sprout.co.uk Company Number: 14959795
About Beansprout
Company Number: 14959795
Registered Address: Capability House, Wrest Park, Silsoe, Bedfordshire, MK45 4HRLet's Connect
About Beansprout
Registered Address: Capability House, Wrest Park, Silsoe, Bedfordshire, MK45 4HR
Connect with us
