Having just spent the month preparing accounts for people, the issue of time as a resource keeps cropping up in my thoughts. The more I think about this aspect of a small business, the more I see it’s importance and the way it is neglected as a resource. Let me explain.
There are two main resources […]Continue reading ›
Continuing in my series of top tax tips for Sole Traders comes clarification on an old chestnut: claiming use of home as office.
The idea here is that as a sole trader you don’t rent an office but you use a part of your home. Therefore you put through a proportion of your household as as […]Continue reading ›
You may have noticed that tax avoidance by corporations and wealthy individuals has been steadily gaining public attention and moving up the political agenda.
It has been a rallying cry for the the Uncut and Occupy movements. Last year Barclays Bank was in the news when a startlingly low tax bill of just 1% was revealed […]Continue reading ›
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 ›