Tips on Tax

All Aboard for Duty Unfree...!!

All Aboard for Duty Unfree...!!

Retailers are making million without reducing their prices or passing on any reductions to you. They ask for your boarding passes to boost their profits.

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Business Records Checks by HMRC

Business Records Checks by HMRC

On 1 November 2012, HMRC started a ‘new approach to Business Records Checks’ (BRCs). The target audience of these checks are small and medium sized businesses which is why we are writing to you about this development.

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Claiming Assets Used in Your Business

Claiming Assets Used in Your Business

If you are serious about your business you will eventually invest in your own equipment. These are referred to as assets. They would usually come in the form of plant, machinery, cars or equipment.

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Self-Employed - National Insurance Essentials

Self-Employed - National Insurance Essentials

Most people pay NIC on their profits - but do you know why you pay NIC and whether you in fact need to pay any contributions? We explain how NIC works and we also look at where to get an NI number and how to work out what you will pay.

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Sole trader vs limited company

Sole trader vs limited company

This has been a very popular question recently especially for all you Entrepreneurial type Fitpros wanting to branch out on your own. So instead of just giving you my opinion in a couple of paragraphs on what I believe you should do, I thought it best to summarise other considerations you will find useful in coming to a decision for your business structure.

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Stealth Tax - The Real Killer Of Your Buying Power

Stealth Tax - The Real Killer Of Your Buying Power

Inflation is a Stealth Tax. Wealth is taken (stolen) from you and you don’t even know it…or realise it! I went to fill my car up the other day…, £60, £70, £80, £90, £100…What in the??

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Trick or Treat? Saint or Sinner?

Trick or Treat? Saint or Sinner?

Watch out...Tonight (31st October) the Ghoulies will be out...!!

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Working From Home - Costs You Can Claim

Working From Home - Costs You Can Claim

If you use your premises both as a home and as business premises, for example massage, PT or Yoga, the total expenses of the property need to be adjusted for the private use. Legislation will introduce a fixed scale which can be used for the private use so that the business element of the expenses will be relieved.

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