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Insights

SPRINGTIME TAX SCAMS: WHAT TAX SCAMS SHOULD YOU BE PREPARED FOR IN 2019?

By Insights

For anyone running a business in 2019, the likelihood is that you have recently handled your 2018/19 taxes. This is a good thing and allows you to know you are fully up-to-date with your financial expectations. Sadly, at this time of year, many people fall victim to ‘Springtime tax refund scams’ – a common blight on modern business owners. These are increasingly easy to fall for, and we recommend that you read our simple guide to avoid falling foul of these scams which are harming so many. Our Springtime tax refund scams article will cover:
What are Springtime Tax Scams?
Signs of a potential Springtime Tax Refund Scam
What to do if you believe you are being scammed
Keeping yourself safe from fraud

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WHAT TO CONSIDER WHEN STARTING A BUSINESS

By Insights

For anyone looking to start their own business in the United Kingdom, there are many things to consider. While being in charge of your own business is a liberating experience, it comes with many challenges that you must be prepared for. As you set the business up you need to get to grips with a few basic skills and make some decisions on how to operate it. Some of the main points you need to address when establishing a new business include:
Creating a solid business plan
Planning the structure of your new business
Picking the correct year end for your business
Making sure you register with HMRC
Getting help with running your own business

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A GUIDE TO P11D REPORTING TO HMRC

By Insights

For any business owner, keeping on top of the numerous reporting demands made by HMRC can be tough work. One issue that might slip past you is filing your annual P11D returns. When, and how, to file your P11D forms is something that often gets neglected by many business owners. In this guide, we break down what this involves and why you need to make sure your P11Ds are completed and filed correctly. Some of the key points that we cover include:
What is a P11D?
When and how to file your P11D
What constitutes an employee benefit?
What should be included as part of a P11D return?
Getting help with your P11Ds 

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HOW TO REGISTER AS A CHARITY AND WHAT TO CONSIDER

By Insights

Charities play a key part in UK aid and are instrumental in assisting thousands of people all across Britain and further afield. Whilst there is a huge variety of charities already in existence, new charities are still being registered all the time. Although setting up a charity is a fantastic way to help others, there are still many things to consider. Some of the main points you need to address when looking to register a charity are;
What is a charity?
Is registering as a charity the right option for me?
Choosing a charity name and structure
Writing your governing document
Selecting trustees
Getting help with setting up as a charitable organisation for legal and tax advantages

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EVERYONE NEEDS A BUDGET. HOW TO SET ONE FOR YOUR BUSINESS

By Insights

For any business owner it is essential to plan and closely manage your business’ financial performance. Creating a budget is the best way to keep both your business, and its finances, on the right track. In this article, we break down the steps you need to follow to create a realistic budget for your business. Some of the key points that we cover include:
Why does my business need a budget?
The benefits of setting a budget.
How do I set a budget for my business?
How do I ensure my budget is accurate?
Why you should review your budget regularly.
Getting help with creating a budget for your business.

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HOW TO FIND A WILL WRITER AND WHAT TO CONSIDER

By Insights

Writing a will is not a topic many of us want to think about but it’s still a vital part of inheritance planning. Without a proper will, your money and possessions might not be distributed the way you’d like. Hiring a will writer can help you deal with this essential part of financial planning. This article will cover how to find a will writer and discuss points like:
Why you need a will
How will writers can help you
The best way to find a will writer
Things you need to consider when choosing a will writer
How to update your will and to keep it safe
How to get help with will writing and inheritance planning

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IMPORTANT DATES – DIFFERENCES BETWEEN FISCAL AND ACCOUNTING YEAR ENDS. WHEN YOU NEED TO FILE YOUR ACCOUNTS, PAY YOUR TAXES, VAT, ETC.

By Insights

Knowing your business’ tax deadlines is the key to business success. But staying on top of the various dates can be confusing, especially when you notice certain sources talking about the fiscal year while others might mention the accounting year. In order to help you navigate the world of tax deadlines, this guide will help you understand:
What is a Fiscal Year
What is an Accounting Year
The Benefits of Matching Your Fiscal and Accounting Year
The Most Important Dates for Your Accounting Needs
How We Can Help You with Your Tax Returns

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PROPERTY INVESTING – WHERE TO START AND HOW TO BUILD YOUR PORTFOLIO

By Insights

Property investing remains a popular investment strategy in the UK. You can enjoy a stable income without too big of a time investment. But starting and building your property portfolio takes a bit of an effort. In this short guide, we’ll show you the key aspects of property investing. We’ll answer questions like:
What is a property portfolio?
What does property investing require?
How can you build a property portfolio?
How to find help for your property investing?

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Brexit Homework

Brexit Homework – How your business should be preparing for Brexit

By Insights

While there is still no certainty around Brexit, businesses across sectors are preparing for Brexit and all the eventualities. If there’s anything certain in the current situation, it’s that the road ahead will provide businesses with both challenges and opportunities. The better prepared your business is, the easier it will be to weather the storms and navigate the situation in style. As the new Brexit deadline looms closer, it’s time to start thinking about conducting those final preparations with your business. But what kind of Brexit homework should a business do? This guide will cover things like:

• What is the latest Brexit situation?
• What are the key things to do in preparation for Brexit?
• How to get the right help to prepare for Brexit?

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