FreeAgent’s Emily Coltman takes a look at the advantages and disadvantages of trading through a limited company, including taxation, limited liability, paperwork, legal duties and privacy. Read the Article →
Posts Tagged: Guide
Making Tax Digital is a government initiative that sets out a bold vision for ‘a transformed tax system and the end of the tax return’ by 2020. Not sure what it means for you?
A detailed guide on cashflow forecasting by FreeAgent that can help you: plan out how much you expect to make in sales this year plan how much you expect to spend in costs understand when cash will come into your bank account and leave it Read the article →
When you’re busy trying to run your business, it’s hard to keep track of what business costs and expenses are eligible for tax relief – and that might mean that you end up paying too much tax! In these guides FreeAgent’s Chief Accountant Emily Coltman lists some common business costs and expenses, and walks you… Read more »
The FreeAgent Tax Timeline displays a live projection of how much money you owe to HMRC and when you owe it, so you’ll know how much to set aside for tax bills. You can export the details of your tax deadlines into your Google, Outlook or iCal calendar by following these steps. Read the instructions… Read more »
A guide to paying your Self Assessment Tax bill on GOV.UK. Go to website →
Discover the effects of the key announcements made by the Chancellor during his Summer Budget in July 2015 related to mortgage interest relief for landlords of buy-to-let properties in our handy 6 page PDF guide.
The Flat Rate Scheme is designed to help small businesses by making it easier to record taxable sales and purchases. Businesses using the scheme normally apply a single percentage to their total flat rate turnover in a VAT period and the result is the VAT payable to HMRC Grab the PDF on Tolley →
This guide is designed for anyone who is either doing business as a sole trader or is part of a partnership or Limited Liability Partnership (LLP), and isn’t preparing their accounts using the cash basis.
FreeAgent’s Chief Accountant Emily Coltman gives you the ingredients for a successful invoice and then lists HMRC’s requirements if your business is VAT-registered.
Are you one of the many self-employed people in the UK that carries out work from their own home? If the answer’s yes, then there’s good news for you: you’re entitled to include part of the running costs of your home in your accounts, which will save you some tax. Hurray! Now – how do… Read more »
Entertaining people can be a very enjoyable part of being in business – as sharing time, food and drink away from the office can help to build and cement working relationships. But when can you claim tax relief on the cost of entertaining someone, and what about VAT?