by Lisa Dickson | Mar 29, 2015 | HMRC and tax, Personal Taxes
This guide looks at how financial planning can help you realise your goals for you and your family Consistent financial planning is essential to growing your wealth and building your financial security. A plan that is on course to meet your expectations in later life...
by Lisa Dickson | Mar 29, 2015 | Bookkeeping 101, HMRC and tax
Everything you should know about paying dividends Dividends are payments made by a company to the shareholders if it has made enough profit. For the very small owner/manager business, dividends will form the bulk of their income and so must be managed carefully. The...
by Lisa Dickson | Mar 29, 2015 | Bookkeeping 101, HMRC and tax, Payroll
If you employ anyone under 21 years old you will no longer have to pay Class 1 secondary National Insurance contributions on earnings up to the new Upper Secondary Threshold (UST) for those employees. The employee will still continue to pay employee NICs. This change...
by Lisa Dickson | Mar 15, 2015 | Bookkeeping 101, HMRC and tax
The flat rate VAT scheme is designed to reduce the cost of complying with VAT obligations by simplifying the way small businesses calculate their VAT. Designed to save time and money – but could it work for you? Read on to find out more. How does the flat rate...
by Lisa Dickson | Mar 15, 2015 | Bookkeeping 101, Business Advice, HMRC and tax, Small Business Accounts
Updated 2023/24 It is simply an account in the balance sheet that summarises the transactions between a company director and the company. In simple terms: An asset is created where the company loans money to the director to be repaid at a later date. A liability is...
by Lisa Dickson | May 1, 2014 | HMRC and tax
Confused over the HMRC rules for claiming food and subsistence? HMRC will allow you to claim for meals and subsistence in certain circumstances. We have written this article from the perspective of a small business owner/director, and in response to queries from our...
