Can You Be Employed and Self-Employed at the Same Time? Confused about whether or not you can be employed and self-employed at the same time? LeeP Accountants looks at the legality and logistics of such a working scenario. LeeP Accountants in Peterborough get asked this question a lot: can I be employed and self-employed? It is…
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You’ve decided that you need an Accountant, so how do you choose a good one? The role of ‘accountant’ is not officially regulated which means people can call themselves accountants whether they are or not. People without any professional qualifications at all can quite legally call themselves an accountant so it’s important to be cautious….
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There are good reasons for hiring an accountant at different stages of your business’ growth. From a business plan to company formation, mortgage application to tax investigation, an accountant can make life easier for you at each step. Like all small business owners who are looking to save money, you may think you can’t afford…
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You’ve probably heard of it, you may well have a good idea of what it is, but many small business owners we’ve spoken to are a bit flummoxed by what a Trial Balance actually is! A Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first…
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You Saw our first 5 list of tax mistakes a couple of days ago here, here are the next 5! Make sure you’re not doing them! 6. You’re misclassifying your employees, including your spouse Your tax liability will be different depending on if you use independent contractors, employees, or a mixture of both. Employees must…
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No one likes tax season, but unfortunately, you can’t ignore it altogether. And if that was your plan for this year, you could be looking at quite a hefty tax bill. But don’t worry, if you’ve been a bit negligent with your bookkeeping, all is not lost. There are still steps you can take to…
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Changes to the VAT Flat Rate Scheme Today – A reminder Flat Rate Scheme (FRS) This is a timely reminder for all businesses using the FRS that changes to the scheme come into effect TODAY: 1 April 2017. The first matter to consider is if your business is a “limited cost trader”. You can check whether…
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