Hints and TIPS
The latest hints and tips from our blog
Please note: The information contained in this site is provided for information purposes only and is of a general nature. It is not a substitute for specific professional advice related to your own circumstances. You are recommended to obtain specific professional advice before you take any action.
Accountability and Profit
How does being accountable help us profit? Business accountability means that you are focused on achieving your goals and your tasks and ultimately achieving profit. It means limiting distractions interruptions and external pressures to focus on your goals and achieve...
Financial Freedom
What does financial freedom mean to you? The google definition is having enough financial resources to cover your living expenses and to afford your life goals. But to me, financial freedom is a bit more than that. For me it means having the money to do what you want...
Change this one thing to sky rocket your profit
What's the one thing you can change to sky rocket your profit? Last month I went on a Marketing and Mindset Retreat run by the brilliant Dawn McGruer. I met some amazing entrepreneurs, who like me - were running successful and profitable businesses but were ready to...
Digital Marketing 101
Welcome to Digital Marketing 101! Casey's story so far! Retreating and Marketing In Marrakesh A couple of weeks ago, we went on a Digital Marketing and Mindset Business retreat in Marrakesh. We networked with some wonderful entrepreneurs and it was all very exciting....
Cashflow management strategies
Take control of your business finances You don’t have to spend long running a business before you realise how important cashflow is: the balance between money coming into your company and the money going out on a weekly or monthly basis. There’s not much in commerce...
Personal tax changes for 2022/23
Tax changes kicking in from 6 April. By the time you’re reading this, the new tax year is either just about to start or has already started. Some of the changes have been public knowledge for months now and some of the rises have been anxiously awaited as the country...
How to Plug Your Pipeline and Stop Sales Profit Leaks
Are you losing money in your sales process? Is your pipeline leaving money on the table? Today, we're looking at pipeline and sales profit leaks. So where in your pipeline or your sales process could you be losing profit and losing money? We're going to conduct a mini...
Caseron Insider – April 2022
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Over one million individuals use extra time to file tax returns...
Cryptoassets: how are they taxed in 2022?
HMRC’s evolving approach towards taxing crypto. Cryptocurrencies continue to become more mainstream, and the taxman’s very aware of the gains investors have made in the last five or six years. Back in 2009, investors could snap up one Bitcoin for $1. Fast forward to...
Is your business planning redundancies?
How termination payments are taxed. We may only be three months into 2022 but plenty of big employers – both here in the UK and overseas – are making employees redundant for a myriad of reasons. OVO Energy is reportedly trying to control costs by cutting 1,700 jobs as...
How We Profit First(ish) Our Personal Finances
Chatting with Paul while we waited for Casey in the corridor of the passport office about Fun Pots!!! We want to go the the Maldives for our 25th wedding anniversary next year… But we still want to replace the car this year. And we need to watch out for unexpected...
An Introduction to Profit First
I'm here today to talk to you about Profit First in Five Minutes, hopefully five minutes, let's keep our fingers crossed. My name is Lisa Dickson. I'm a chartered management accountant and profit hacker. So, is your business a cash eating monster? You wish it weren't,...
7 Reasons Why You Should Implement Profit First
What is Profit First? Profit First is essentially a simple cash management system which allows you to manage your cash and measure the financial health of your business - from your bank balance. If you've read the book - you will know all about it. If you haven't -...
Caseron Insider – March 2022
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Two million people missed self-assessment deadline £50m shot in the...
How to value your business in 2022
Is it only worth what the buyer wants to pay? The last year has been challenging for all of us, let alone business owners who’ve had to claim emergency support and battled hard to stay afloat. Having survived those choppy waters, maybe it’s time to get your business...
Utilising your pension to cut inheritance tax
Pensions usually fall outside of your estate. Inheritance tax was thought to be ripe for reform in last year’s Autumn Budget but, as it happened, it was left untouched for another tax year. What that means is the £325,000 nil-rate band has been in place since 2009,...
From £200k Annual Loss to £200k Monthly Profit
From £200k annual loss to £200k monthly profit, The importance of knowing your numbers and finding your profit path.
5 Product Leaks That Are Killing Profit in Your Business
Product leaks - we all have them. 😱 We rarely think about them. 😱 They sneak up unawares. 😱 Do you recognise any of these in your business? If you know this is a profit leak in your business, start your 14 day free trial and join me in Profit...
Caseron Insider – February 2022
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights HMRC waives penalties again for late self-assessment Omicron-hit...
Fun Pots, Holidays and Profit By Design (Well, Profit First!!)
Why is profit sooooooo important? It pays for all the necessary stuff It pays for all the nice to have stuff It pays for all the emergencies and unexpected costs that life throws at you It pays for all the fun stuff Having enough profit to cover all of the above is...
The most tax efficient ways to extract profits from your business
Tax-efficient advice for limited company directors. Believe it or not, there are more than 4.7 million limited companies registered in the UK, including the 810,316 incorporations that signed up in 2020/21. Only around 2m are actively trading, but the number of new...
Which business structure should you pick
Business structures are essential for tax purposes. If you’re looking to join the 4.3 million people in the UK who made the jump into self-employment, you might be wondering how to start your new business. Assuming you’ve weighed up the pros and cons involved and...
Caseron Insider – January 2022
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights HMRC issues last reminder for 2020/21 personal tax returns One in...
Construction industry scheme
Delving into recent changes that affect the CIS. The construction industry remains one of the UK’s key sectors, which also helps to underpin the UK economy, despite experiencing the effects of the COVID-19 pandemic. In September 2021, construction output grew by 1.3%...
Making Tax Digital for income tax
Everything you need to know before April 2024. Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024, following the recent news of a one-year delay. This was the latest in a long line of delays and...
Caseron Insider – December 2021
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Cladding tax to affect large property developers in 2022/23 Six-month...
Pension options at the age of 55
Understanding your early-access pension options. Despite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible. If you are approaching 55, you might be feeling a twinge of trepidation or...
Outsourcing business tasks to make YOUR life easier
How we can make your lives easier. As a business owner, you will find that few things in your line of work are as precious as your time – time that would be better spent doing something other than accounting. Many people come to us asking for help with tasks that...
Caseron Insider – November 2021
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Salary Sacrifice could 'dampen increased NICs costs' Hospitality and...
Autumn Budget 2021 report
“Today’s Budget does not draw a line under COVID-19; we have challenging months ahead”, said Chancellor Rishi Sunak. Chancellor Rishi Sunak resisted temptation to raise taxes to start paying for the emergency support schemes that kept so many businesses afloat during...
Residence & domicile after Brexit
How your status affects the amount of tax you pay. For most UK citizens, the question of what income and gains should be included on their tax return is easily answered because they are both UK domiciled and UK tax resident. Anyone domiciled and resident in the UK...
2020/21 income tax returns & the SEISS
Three grants worth up to £21,570 are taxable. A chunk of time has passed since the self-employed income support scheme (SEISS) was launched in May 2020, following the onset of the COVID-19 pandemic. The first taxable grant, worth up to £7,500 in total, was paid out...
Caseron Insider – October 2021
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Curtain comes down on stamp duty land tax holiday Government launches...
Accounting for charities & non-profits
How the third sector is assessed for tax. Anyone who’s involved in operating a charity knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities very differently to businesses, offering...
Basis period rules in line for reform
What might this mean for your business? Unincorporated businesses could be about to see significant changes to the ways in which they are taxed, following the launch of a Government consultation. The Government plans to reform the basis period rules in a bid to...
Caseron Insider – September 2021
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Deadline approaches for fifth & final self-employed grant...
Starting a new business after COVID-19
New businesses can still grow and flourish. Not much can stop determined entrepreneurs from building a new business from the ground up, even during such challenging times as a COVID-19 or its ensuing fallout. The pandemic has proven a huge challenge for businesses,...
Taking charge of planning your estate
Increasing house prices raise inheritance tax risk. Soaring house prices coupled with certain thresholds being frozen in the most recent Budget have the potential to drag more estates into the inheritance tax net over the coming years. Back in March 2021, Chancellor...
Caseron Insider – August 2021
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Lower stamp duty land tax threshold in place until October Employer...
Work from Home Allowance Calculator
Please make sure you have read our related articles before you start entering data into the calculator. The article will explain what you can claim and why. The rules are slightly different for the self-employed, directors and employees. Claiming a Work from Home...
Tax planning for residential landlords
Planning to take advantage of low interest rates? After a challenging year for the UK’s residential landlords, you might have read about improvements to the buy-to-let mortgage market in recent weeks. In the three months to 31 May 2021, the average interest rates for...
The pros & cons of an electric company car
Should employers shift towards greener vehicles? Despite the potentially high personal tax charge, many employees still enjoy and prefer the convenience of being offered the use of a company car by their employer. Those employers familiar with the benefit-in-kind tax...
Caseron Insider – July 2021
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Families hit with big bills after believing gifts would not be taxed...
Can I buy a Spanish holiday villa through my UK limited company?
Your business is growing. You are scaling successfully. Your cash reserves are increasing to the point that you are wondering how you can make your excess cash work harder for you. Where can you invest it? You are building a fabulous team of loyal, hard-working and...
What is a PAYE Settlement Agreement (PSA)?
An introduction to the PAYE Settlement Agreement. "A PAYE Settlement Agreement (PSA) allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impractical expenses (or benefits) for your employees." What does HMRC's...
The basics of VAT for UK businesses
An introduction to the main business tax. VAT is a business tax on the supply of goods and services. It is charged at varying rates depending on what is being supplied, who it is being supplied to and where it is being supplied to. But with Brexit, temporary rate...
Costs you can reclaim on the business
Allowable expenses and allowances in 2021/22. If you’re self-employed, your business will rack up various running costs throughout 2021/22. Some of those you’re able to deduct as allowable expenses. By deducting these allowable expenses as part of calculating your...
Caseron Insider – June 2021
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Deadline approaches for SME Brexit Support Grant Employers told to...
The tax implications of furnished holiday lets
COVID-19 prompts high demand for UK holidays. Owning and letting out a holiday home, otherwise known as a furnished holiday let (FHL), has always been a popular way of investing and earning income. Not only do FHLs enjoy many tax advantages over normal residential let...
The pensions lifetime allowance
How might the big freeze affect you? Traditionally, most people get nowhere near breaching the pensions lifetime allowance, but that’s likely to change over the next five years. The lifetime pensions allowance is currently £1,073,100. In his Spring Budget on 3 March...