What Is IR35 And When Does It Apply?

IR35 is a piece of legislation designed to counter tax avoidance. It is used to decide if contractors are actually contractors or are just disguised as an employee for tax purposes. This article will help you understand the IR35 legislation and provide tips on if it applies to you and how to be compliant.

tax return documents

How to Complete a Self-Assessment Tax Return

A self-assessment tax return is the form used by HM Revenue and Customs (HMRC) to collect income tax from individuals. Whilst income tax is deducted from your salary automatically if you work for a company, most people who are self-employed must complete one each year.

This guide will explain who needs to complete a self-assessment tax return, when they’re due, and how to complete one (with a handy checklist).

Different coloured document folders on a bookshelf

How Long Should You Keep Financial Records For?

The purpose of a document retention policy is to establish how a company should keep and maintain its documents such as financial records and insurance documents.

In this guide, we will advise you on how long you should be keeping personal and business financial records. It will also explain the process of drafting a document retention policy for your business.

Calculator and balance sheet

How To Avoid Cash Flow Problems

It’s common that most small businesses will have a cash flow problem at some point; luckily these can largely be prevented with planning and preparation. In this article we’ll run through some of the most common causes of cash flow problems, as well as offering practical advice on how to improve your cash flow.

Downing Street Sign

How To Prepare Your SME For Brexit

With the UK set to leave the EU on 31st October, it is important to have a plan in place to prepare your business for Brexit and put it in the best position possible in time for the changes. We have listed some of the key things you need to consider before the UK leaves the EU.