The deadline for tax return submissions may have passed but, no sooner than one source of stress is put to bed, many businesses fret over another potential headache just around the corner. Every year, HMRC carries out a number inspections of people’s tax affairs. As too many small businesses know, inspections are instigated when the
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Essential money management tips for new businesses
by Ben Lobel • • 0 Comments
Running your own business is tough but it can also be hugely rewarding. As a sole trader, you’re always going to have multiple things going on at once, but one of the most vital things to running your business is being able to manage cashflow – who owes you money and who you need to
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Few UK contractors believe public sector clients prepared for 6th April
by Owen Gough • • 0 Comments
Despite hopes for fairness when it comes to deciding IR35 status on public sector contracts, just 4 per cent of UK contractors believe their public sector clients are prepared for changes on 6th April, reveals Qdos Contractor. As soon as next week, public sector companies will be handed responsibility for determining IR35 status – a move
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Seven things the new tax year will bring for SMEs
by Owen Gough • • 0 Comments
Now that Spring is upon us, for many a new tax year is beginning. A number of changes have been announced by government and these will take effect on 6th April 2017. These will have an impact on small businesses, therefore it is important they are aware of the changes and their impact. Personal allowance
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Five steps to managing your small business budget more effectively
by Ben Lobel • • 0 Comments
No matter what size a business is; a well-managed budget is vital to it’s success. However, there is extra pressure on small businesses to manage their budget more precisely than larger ones, as back-up funds may be harder to come by. In order to ensure you’re consistently making profit while balancing other expenses, you need
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TISA calls for a broadening of employees being auto enrolled
by Owen Gough • • 0 Comments
TISA, the investments and savings membership association, welcomes the government’s auto-enrolment (AE) review as an important step in allowing the industry to identify ways of building on the success since AE began in October 2012. There’s plenty of evidence confirming that a high percentage of individuals do not understand pensions or tax relief. They believe engagement
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Why are so many businesses missing their staging date?
by Owen Gough • • 0 Comments
As an industry, we’re reliant on, and to some extent blinded by, data but often data doesn’t tell the whole story. There’s been much talk about the number of companies seemingly procrastinating over their auto-enrolment staging deadline with the statistics varying from between 20 per cent and 40 per cent of companies either leaving their staging date
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Coping with late payments as a small business
by Ben Lobel • • 0 Comments
Late payment is an issue that most businesses will occasionally struggle with, whether they’re a global powerhouse or a small local firm. If your customers have payment terms you need to manage cash flow carefully, and a late payment can throw things off — here are a few ways you can cope. Pre-emptively protect your
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How the perception of accounting is changing
by Owen Gough • • 0 Comments
We’re all familiar with the old way of splitting the bill after a meal with friends. It used to be that everyone would start bartering for change to get the balance just right. However, today you’re much more likely to see one person pay the bill while the others simply reach for their phones to
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Avoid self-as-stressment next year: Get your books in order now
by Ben Lobel • • 0 Comments
If you left it until the last minute before tackling your self-assessment tax return, it’s highly likely that you found yourself very stressed during the lead up to the January 31st deadline. You’re not alone, either. Every year HMRC estimates that around one million people miss the deadline completely while many more end up filing
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