• Self Assessment tax deadline: Everything you need to know

    Oct 27, 2014
    If you’re registered for Self Assessment, you should have received a letter from HMRC in April or May reminding you to submit your Self Assessment tax return by the end of October 2014. The 31 October deadline is for paper tax return submissions only and not for online submissions. Even if you don’t need to pay any tax, you should still send in a tax return.
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  • Main residence and CGT changes for April 2015

    Oct 14, 2014
    In April 2015, CGT changes to the main residence rules are likely to come into force that could affect second home owners. If you own more than one home, what do you need to know?
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  • 9 steps to deal with late payments (legally)

    Sep 04, 2014
    If you're self-employed - securing contracts and invoicing clients yourself - it’s vital that you have a solid system in place to deal with late payments and non-payments. Here’s a quick nine-step guide to manage your payments so that your cash flow doesn’t suffer. The methods we suggest are, of course, legal.
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  • Don’t let your tax return get in the way of your business

    Aug 05, 2014
    If you run your own company or work as an independent contractor, you’re no doubt acutely aware of the time and effort it takes to retain clients, win new clients and ensure that your business runs smoothly and compliantly. That's why it's vital to leave the time-sapping paperwork to the experts.
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  • At what point should you hire an accountant?

    Aug 04, 2014
    Running a small business is not without its challenges. What starts off as a one-person show soon becomes a complex operation when you introduce employees, finances and the government into the mix. Out of all of these, managing your company’s finances can be one of the more time-consuming endeavours.
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  • 8 ways to slice your everyday business expenses

    Jul 21, 2014
    If you run your own limited company or operate as an independent contractor, you’ll want to check out these eight ways to reduce expenses and increase profit margins.
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  • Contractors: It’s time to enter the cloud

    Jul 17, 2014
    Accounting has changed a lot since the 90s. While cloud computing may have become fairly commonplace, contractors are increasingly adopting cloud accounting as a smart way to streamline business efficiency.
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  • Contractors: how to deal with interest on overdue invoices

    Jul 03, 2014
    As a contractor (or limited company owner), you might have experienced the frustration and stress of not having your invoices paid on time. Fortunately, the Late Payment of Commercial Debts (Interest) Act gives you the right to claim interest on overdue payments.
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  • Six common accounting mistakes contractors make

    Jun 25, 2014
    If you work as an independent contractor or run your own limited company, you're no doubt aware of how difficult it is to do the work that’s required of you, let alone keep a handle on your company’s finances. Here are six common accounting mistakes many contractors make – and how you can avoid them.
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  • Dormant companies can attract £1000 late filing penalties

    Jun 23, 2014
    Many people are under the impression that dormant companies can be forgotten about, that they need not file a Corporate Tax Return, and that they will incur no penalties for failure to submit one. This is simply not true, and you should take care to avoid incurring unnecessary penalties.
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  • Six reasons to set up a limited company

    Jun 06, 2014
    A limited company involves more financial and administrative responsibilities than those of a sole trader, but there are also many advantages, particularly if you partner with a reputable, ICAEW-accredited accounting firm. Here’s why it pays to set up your own limited liability company.
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  • Three million Brits now out of tax net

    Apr 23, 2014
    The rise of the Personal Tax Allowance to £10,000 in 2014 will take as many as three million people out of the tax net, and will help even more UK families next year when it is increased again to £10,500.
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  • The “24 month rule” explained

    Apr 14, 2014
    Contractors can claim a variety of expenses; one of the most common is for travel. Here we explain the 24 month rule as it pertains to contractors and travel claims.
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  • Government’s plan to tackle "marketed tax avoidance"

    Apr 11, 2014
    In his Autumn Statement last year, the Chancellor unveiled government's plan to further target tax avoidance, and specifically, anyone promoting tax avoidance schemes.
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  • ISAs merged and limit raised

    Apr 07, 2014
    In his 2014 Budget speech, Chancellor Osborne said he would increase the simplicity and generosity of Individual Savings Accounts by merging cash and stocks-and-shares ISAs into a single product. The annual tax-free savings limit will also increase to £15,000 from 1 July 2014.
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  • ISA allowance: use it or lose it

    Mar 03, 2014
    The tax year is coming to a close, which means you have until midnight on April 5th 2014 to use up this year’s ISA (Individual Savings Account) allowance.
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  • New limits on directors' loans from 6 April 2014

    Feb 24, 2014
    A new £10,000 limit on directors' loans will be implemented from 6th April 2014.
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  • New accounting standards: tax implications for your SME

    Feb 24, 2014
    From 1st January 2015, a new set of accounting reporting standards will affect the way many companies account for their transactions and present their annual financial statements.
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  • Eight rules for choosing the right domain name

    Feb 10, 2014
    If you’re going to invest time, energy and money in building a website, it’s vital that you take a little extra time to find a domain name that impacts positively on your brand image, customer engagement, and bottom line. Follow these tips to find the perfect domain name for your business.
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  • How to trademark your company name

    Feb 05, 2014
    Trademark rules might be strict, but registering one lets you officially 'own' your company's name. The tips below will help you register a trademark that's legally defensible and stands the test of time.
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