When is my tax due?
If you run an unincorporated business, it is important to understand how your taxable profit is worked out, how payments on account operate and when your tax is due.
Read the articleIdeas and explanations
Useful thinking, clearly expressed.
Practical articles about tax, accounting, business and the technology that supports them—written to explain, not impress.
From the archive
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These articles retain their original publication dates. Where tax rules or rates are involved, please check the current position with us before acting.
Capital Gains Tax on UK properties
Prior to 6 April 2020 capital gains on a UK residential property were reported in your self-assessment return for the year the property sold. From 6 April 2020 HMRC introduced a new policy requiring you to report and pay any capital gains within 60 days of the sale.
Read the articleManagement Accounts – 10 benefits to help you grow your business
The vast majority of growing SMEs would benefit from the preparation of management accounts but what do they consist of and what are the advantages?
Read the articleIs cloud accounting safe?
Is it safe to put your business accounts online? In practice, reputable cloud accounting is often safer and more resilient than relying on one computer.
Read the articleOffering the Techscheme to your Employees
The Techscheme is a way of financing tech purchases for your employees over a 12 month period in a way which saves them on National Insurance and is cost neutral for you.
Read the articleOperating the Cycle to Work Scheme
The Cycle to Work scheme is a government initiative which aims to encourage employees to cycle to work for both the health and environmental benefits.
Read the articleChoosing the right Cloud Accounting Software
Choosing the right cloud accounting software for your business is not easy. There are so many options to choose from all boasting different features and pricing.
Read the articlePasswords: would you use the same key for everything?
You would not normally use the same key for your house, car, office and filing cabinet. So why use the same password for several important accounts?
Read the articleTop 10 Tips for Sole Traders
Ten practical tips for sole traders — from claiming all your business mileage to putting money aside for your tax bill and knowing when you need to register for VAT.
Read the articleMileage Tracking
If you are self-employed and use your personal vehicle for business trips you are able claim for your mileage at the HMRC approved rates, currently 45ppm for the first 10,000 miles and 25ppm thereafter.
Read the articleBenefits of Cloud Accounting Explained
Cloud accounting isn’t a new concept, many platforms have been around for a number of years now, but with the move towards MTD in recent years it’s certainly being talked about a lot more.
Read the articleCloud Accounting – Now I have decided, what are the steps?
The best way to do this is to write down a step list for each of the following processes taking note of the time consuming processes and areas that you see as a potential challenge.
Read the articleCloud Accounting – 8 benefits that will help you
Thinking about cloud accounting? Here are 8 benefits that will soon save you time and money if you ask your accountant to set up cloud accounting for you.
Read the articleCloud Accounting – Am I Missing Out?
We are all busy people. But what are we busy doing? Thankfully, I no longer need to put that hour to one side at night to spend on my records (don’t forget accountants also need to do their own book-keeping!).
Read the articleSomething you want explained?