It is coming around to Self Assessment Tax Return deadline. I am therefore starting a series of tax tips for Sole Traders. Today’s is the first, more are to follow:
Employing Family Members in your Business.
As a sole trader, there are probably many parts of your business that you would love to hand over to someone […]Continue reading ›
HMRC has rules about what constitues proof of expenditure that includes VAT that you can reclaim. The level of proof required for purchases over £250 are more stringent than those for purchases under £250.
For purchases above £250 the VAT invoice must show:
an invoice number which is unique and follows on from the number of the […]Continue reading ›
A few weeks ago I attended a seminar on getting finance at GLE , which is a private company delivering some public sector programmes, including training to small businesses.
I was interested to go for two reasons. Firstly the topic is of interest. The world of finance has been turned upside down in the last 3 […]Continue reading ›
We were delighted to welcome seven business owners to our second seminar last night on the topic of ‘Working on your Business’. It was a very interesting subject for a room of sole traders and start up companies because, of course, it can feel like there is so much working in your business to be […]Continue reading ›
Until the Finance Act 2011, HMRC rules effectively meant that if you did not have an outstanding tax liability at 31st Jan, your penalty was limited to £100 fine. People who knew they were not going to file their returns in time were often advised by accountants to pay an estimate of the tax liabilty […]Continue reading ›
We held our first seminar last night at the Bespoke Space, East Dulwich.
The intention of Crunchers Seminar series is to bring business thinking and support in development to the level of the sole trader businesses we serve. Though I say it myself, I think we achieved the objective. 10 business owners turned out and in […]Continue reading ›
Last week I posted that I was off to South London Apprenticeships Fair on a fact finding mission to see what is involved in taking on an apprentice.
My impression before going was that it was a fairly pain free process to take on an apprentice. I am pleased to say that it is even easier […]Continue reading ›
As I meet clients, the possibility of taking on an apprenticeship seems to pop up on a fairly regular basis.
To go from no business to some business must be one of the most daunting challenges in business (ie start up) but following that I would say that going from a business that supports you the […]Continue reading ›
Following on from taking control, the other main aspect is dealing with the fear that there is not enough work out there.
4. Ditch the mindset of scarcity. In famine, it can feel like there is never going to be another job or another sale. If you have done your planning, you should have reasonable confidence […]Continue reading ›
Here are some suggestions on how to start breaking out of the cycle, with more to follow in my next blog.
1. Take control. It is important to switch your mindset from being a victim of the situation and seriously make plans for dealing with the situation. Many people simply think it is beyond their control. […]Continue reading ›