Small business owners have to deal with one of the most complicated things. Taxes. They have to cope with taxes on two different fronts. Talk about tackling personal taxes and business tax rates. Most small business owners mix up things between personal and business tax rates....
What's the first thing that comes to your mind when you think of COVID-19? Unemployment, high mortality rates, depreciating economy tops our minds. Talk about the constant struggle to not get affected. We've got three amazing tips for cash flow management during COVID-19. Various communities are...
One of the biggest troubles of owning and managing a business is having to compute and pay for taxes. With everything you have to worry about when running your operations, you have to factor in the pay cut that goes above your efforts—which can be...
Accounting is paramount in any business process, no matter how big or small. The idea of clearly recording all financial transactions of a company can make a difference in the overall business success. After all, money is its lifeline. Unfortunately, some small business owners tend...
Income tax Relief and Allowances enable you to reduce the amount of income tax that you are expected to pay. Income tax exemptions and relief can refer to income from work, self-employment, savings, and retirement, as well as income from land. HM Revenue & Customs must...
As one of the most essential pieces of financial documentation that British business owners encounter, the self-assessment form is a requirement that any successful professional must complete year after year— but can you possibly let an accountant in UK take care of it for you? Before...
On 17 March, the Chancellor announced an unprecedented package of government-backed and guaranteed loans to support businesses, making available an initial £330bn of guarantees – equivalent to 15% of GDP. This was on top of a series of measures announced at Budget 2020, the government announced...
I have staff off due to coronavirus (COVID-19), what should I pay and what can I reclaim? We are receiving an extremely high number of calls in regards to paying employees statutory sick pay if they are off work due to coronavirus. We have put...
Tax Rates 2020 Income tax rates: England and Wales...
Just one month into his new role as Chancellor of the Exchequer, Rishi Sunak has delivered his first Budget Statement promising 'historic' investment in roads, railways, broadband and scientific research, as the government tries to deliver on its promise to level up the UK. Ahead...
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