Blog Posts
Transferring your business from sole trader to a limited company
If you are trading as a sole trader, you can transfer your business to a limited company. By forming a limited company, your business will see some added benefits.
E-Commerce Accountant
Accounting tips for E-commerce business It’s always a difficult time of year; you’re inundated with things to try, tax forms are in the post, your draw is overflowing with receipts and
How to get a mortgage being self-employed
There are several tax advantages if you are self-employed. However, when it comes to applying for a mortgage, then self-employment can become a disadvantage because
Accounting tips for Amazon Sellers
Accounting and taxation tips from an Amazon accountant If you are an Amazon seller or an Amazon FBA seller the following article will help you
Personal Tax Accountant
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What is the Recovery Loan Scheme and Are You Eligible?
Share This Post Share on facebook Share on twitter Share on linkedin Share on google Share on email About the Scheme The Recovery Loan Scheme
What Happens If You Don’t File Your Self- Assessment Tax Return?
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How Can Sole Traders Claim the Fifth SEISS Grant for Self-Assessment?
Share This Post Share on facebook Share on twitter Share on linkedin Share on google Share on email What is the fifth SEISS grant? The
The Future of Accounting
The future of accounting heavily relies on technologies, such as artificial intelligence, cloud accounting, and robotic automation. This blog will consider some of these technologies and how the role of accounting will change in the future.
How Can a Limited Company Be Tax Efficient?
As private limited companies rise, it’s important for business owners to understand how to be tax efficient and this blog will consider relevant taxes and the annual financial accounts.
In-house payroll or outsourcing payroll: which one should your business choose?
In-house payroll means you or one of your employees are processing payroll for all of the employees in your company. You are probably going to
Which payroll software is best for small business payroll services?
Looking for a best payroll software for your business? There are almost 136 of HMRC approved payroll software available in the market. So which one
Sage Vs Xero: Which Accounting Software Is Best for You?
Sage Vs Xero: Which Accounting Software Is Best for You? Before comparing Xero vs Sage it is important to understand the difference between cloud-based accounting
Sage Vs QuickBooks: Which Accounting Software Is Best for You?
Sage Vs QuickBooks: Which Accounting Software Is Best for You? Not sure whether to get Sage or QuickBooks for your business? For any business, it
Transferring Your Property to a Limited Company
Transferring Your Property to a Limited Company Transferring your property to a limited company can help you to reduce your annual tax bill as the
Income Tax in the UK
Individual Income Tax in the UK Every individual must pay tax on their income made in the UK regardless of their immigration status. The tax
How to Reduce Your Corporation Tax Bill
How to Reduce Your Corporation Tax Bill As you may know, all types of businesses are required to pay corporation tax on their profits, hence
New Rule for Capital Allowance Announced by Rishi Sunak
New Rule for Capital Allowance Announced by Rishi Sunak For every £1 you spend you can claim £1.30 from HMRC According to Chancellor Rishi Sunak’s
Budget 2021
UK Budget 2021 UK Budget 2021: An Analysis by TaxCare Accountants Spend it now and pay it later is the theme concept of our Chancellor
The Difference Between Cash Basis vs. Traditional Accounting and Which Is Best for Your Business?
There are two ways to calculate profits for partnerships and sole traders namely being cash basis and traditional accounting. This blog will consider these two
What Expenses Can I Claim as a Sole Trader?
As a sole trader, your company may incur a lot of operating costs on which there are a lot of expenses that may theoretically contribute
An All You Need to Know Guide to Inheritance Tax
It’s common for individuals to transfer valuable assets to another individual, such as family or trusts, but how these assets are financed can make a
A Property Rental Income Guide for Landlords in 2021
In 2019, HMRC discovered 11,129 cases of where landlords underpaid their tax or failed to pay any tax at all on their rental income which
What is Postponed VAT Accounting and How Does it Affect Your Business?
With the end of the Brexit transition period on 31 December 2020, the UK has introduced a new ‘postponed VAT accounting’ scheme. Replacing the EU
Job Losses Soar in the UK Due to Covid-19
With the coronavirus pandemic still taking hold of our community, employers across the country are cutting thousands of jobs as the economy continues to suffer. The
Employer Payroll and Staff Benefit Guide 2020-2021
Whether you’re a sole trader or the director of a limited company, taking on your first employee is a big moment for your business. Becoming
The Benefits of Cloud-Based Accounting During Covid-19
Cloud-based accounting. With the current second national lockdown across the UK, many business owners and employees are facing feelings of uncertainty. Living in these unprecedented
Xero Vs QuickBooks: Which Accounting Software is Best for You?
Cloud-based accounting is an essential business software in terms of simplicity, flexibility, and remote work. The search for the right cloud-based accounting software for your
Covid-19 Job Retention Scheme Extended
Covid: Rishi Sunak to extend furlough scheme to end of March The chancellor Rishi Sunak has announced that he is extending the Coronavirus Job Retention Scheme until
New National Lockdown from 5 November: Government Introducing Various Support Schemes to Businesses and Employees Across the UK
The UK takes steps in preparation to battle CVOID-19. What Economic Support Measures are the Government Introducing to Support Businesses and Employees Across the UK?
What Economic Impact Will the 2022 Commonwealth Games Have on Birmingham?
What Economic Impact Will the 2022 Commonwealth Games Have on Birmingham? Being an accountant based in Birmingham, Commonwealth Game 2022 is exciting news for the
10 Tips to Prepare Your Business Taxes
The deadline to make your business taxes is approaching, but you still have time to take some measures to ensure a correct presentation. Here
How To Save Tax in UK | Tax saving tips, pay less save more
Do you know How To Save Tax or any Tax saving tips? Reducing” the amount of tax you pay is a tricky concept.
Small Business Management and Essentials in the 21st century
One of the major challenges for small businesses in the 21st century is knowing how to use business resources wisely. Most of the SMEs
Self-Employed Expense or Sole-Trader Guide
Self-Employed Expense or Sole-Trader Guide When it comes to self-assessment tax return it easy to assess your total income. However, it is not easy
Benefits Of Outsourcing Payroll UK | Payroll outsourcing guide
Outsourcing payroll is a difficult task as you need to make sure the payroll outsourcing company is reliable and affordable for your business. This guide
