Guides

13 July 2022

How to start a business

So you’ve got your big idea, or want to make your side hustle your full time job by starting a business. Now’s the time to go for it! Before you start a business, here are some important steps you need to take to make sure you’re starting your… Read more

12 April 2022

Tax on dividends guide

If you’re curious about dividends, and what tax you may need to pay on them, here’s a helpful guide to help you get started. What are dividends? Dividends are payments you might receive if you own shares in a company. For example, as a shareholder… Read more

7 April 2022

Sole trader National Insurance explained

Sole traders need to register to pay National Insurance contributions to HMRC. This guide will take you through what they are, how much you need to pay, and how to make your payment. What is National Insurance? National Insurance contributions… Read more

6 April 2022

Complete guide to UK taxes and rates

When you run your own business or work as a sole trader, you become responsible for taking care of your taxes. In the UK there are several different types of taxes which could affect you or your business. The current tax year falls between 6 April… Read more

15 February 2022

What is Making Tax Digital?

As of April 2019, VAT-registered businesses with a turnover of more than £85,000 are required to use the Making Tax Digital (MTD) service to keep records digitally and use accounting software to submit their VAT Returns. This will enable businesses… Read more

7 February 2022

What can you claim as allowable expenses?

You can reduce your tax payment by deducting allowable expenses, so it’s important to know what you can claim on. What are allowable expenses? Allowable expenses are running costs for your business. You can deduct them from your profit, so you don’t… Read more

13 December 2021

How to do an invoice

Getting paid is critical for the livelihood of your business. You need your customers to pay on time and be aware of the terms and conditions attached to the transaction. So, sending out complete invoices with a professional look is important! Get… Read more

7 December 2021

How to pay yourself as a limited company director

When you run a limited company it’s up to you how you pay yourself. You have a few options, and there are different advantages and benefits all of them: Taking a regular salary Paying yourself in dividends A combination of salary and dividends This… Read more

13 October 2021

How to change from a sole trader to limited company

If you’re thinking about making the change from being a sole trader to a limited company, here’s what you need to know. Difference between sole trader and limited company A sole trader is a person who runs their own business, and can keep the… Read more

23 June 2021

Guide to travel expenses for employees

If you have employees that travel for work, you need to know which expenses you can claim. We take you through it in this quick guide. Which expenses can you claim for travel? In short, you and your employees can only claim travel expenses for… Read more

23 April 2021

How to use your profit and loss report

The profit and loss report is one of the most useful tools for small business owners and sole traders. Here’s how you can use your profit and loss report to help you understand your finances. What is the profit and loss report? As its name suggests,… Read more

17 March 2021

Guide to keeping accounting records

Record keeping is an important part of accounting! There are different kinds of records you need to keep depending on whether you’re a director of a limited company or a sole trader. Find out which records you need to keep depending on your… Read more

26 January 2021

Guide to running a UK business

When you run your own business in the UK, there are several things to consider, including registering your business, paying tax and choosing an accounting software. Starting a business When you start your business there are lots of decisions to be… Read more

25 January 2021

Guide to buying and selling goods from the UK to the EU

After Brexit, if you are importing or exporting goods from the UK to the EU they will be treated as any other international destination. Northern Irish business can continue to operate when importing and exporting goods as before in alignment with… Read more