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Planning for the New Tax Year

As we near the end of the tax year, it is important if you are self-employed to start planning for the new tax year. This guide explains when the tax year ends and provides a year-end tax planning checklist.

We have provided a summary for the main 2020/2021 tax year changes to help guide you through the main changes that will come in to force. Taking action at the start of the tax year may give you an advantage. Here’s what you need to know about the 2020/2021 tax year. 

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).

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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.

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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.

Payroll Year End Checklist

The payroll year end is fast approaching and it’s important to make sure that you are prepared. There are a number of things you need to do to in order to successfully end the payroll year. Below we have devised a checklist to help guide you to a successful year end

Accountancy Tips for YouTubers and Twitch Streamers

Creators usually generate income either through advertising or through a partnership with brands and companies to produce a certain amount of content within a certain amount of time. Many content creators also look to gain extra income through selling merchandise or asking for donations to sites such as Patreon.  In-between trying to build up your following and trying to make creative content it can be easy to forget about the accounting side of things.  Below we have listed some helpful tips for making sure your accounting is up to scratch if you are a YouTuber or Twitch streamer.