Should I own my Buy to Let in a Limited Company?

Over recent years, there have been many changes to how Buy to Let Properties are taxed; removal of the Wear and Tear allowance, changes to stamp duty, changes to treatment of how mortgage interest is treated to name a few. In light of these changes, many landlords are considering whether or not they should own […]

Making Tax Digital

As part of the March 2015 budget, HMRC announced plans to replace the Self Assessment Tax return system with digital tax accounts under it’s Making Tax Digital overhaul of the UK tax system. So what does Making Tax Digital mean to you? As it stands, and it may change, there will be a need for […]

Budget 2016 – How will it affect Small Business Owners?

There were lots of measures announced in the Budget 2016 but here are some of the highlights for small business owners: Corporation Tax rate is being cut to 17% by 2020 Entrepreneur’s Relief rules were amended. Full details are here. Stamp Duty for small businesses – The stamp duty system for commercial property is being overhauled […]

Have you missed the tax return deadline?

Have you missed the 31st January Self Assessment filing deadline? If you have missed the deadline of 31st January, HMRC will have already given you a fine of £100, there are further fines imposed if you are 30 days late, 3 months late, 6 months late and 6 months late. In addition to this HMRC […]

Growth Vouchers – We are approved advisers!

We are an approved Growth Voucher Adviser We are delighted to announce that we have been approved as a Growth Voucher Adviser. The Growth Voucher programme was launched by the Government in January 2014 and provides help to small businesses with funding for: – finance and cashflow – recruiting and developing staff – improving leadership […]

Sussex business funding available

Do you need help to grow your business but are struggling to get funding? Coast to Capital Local Enterprise Partnership and Greater Brighton City Region have launched the Business Growth Grants programme to provide Sussex business funding and is inviting small businesses to apply for a grant. They will fund between £5000 and £100,000 and […]

Changing Accountants – Isn’t it a hassle?

The decision to change accountants is not often taken lightly and we have written a simple guide to changing accountants. Take a look at our guide to changing accountants Our 3 step process makes it simple and easy so if you are looking for a new accountant in Shoreham, Southwick, Brighton or Worthing and would […]

Self Assessment Tax Return Deadline Looming

It may be over two months away but the Self Assessment Tax return deadline is looming. All returns, and payment of tax owed, needs to be with HMRC by 31st January 2014. In previous year’s the HMRC website has failed to cope particularly well so it is wise to get your return in early. If […]

A guide to VAT

The UK tax system is pretty complicated and VAT in particular causes many headaches for small businesses. We have written a summary of the key aspects to help you determine whether you should be VAT registered and ensure you are on the best scheme for your business. A guide to VAT If you have got any […]

Why should I do my bookkeeping regularly?

When a small business owner is busy, we all know that doing the bookkeeping is the last thing you want to do, however, we thought we would share some examples of why you should ‘do the books’ regularly.