Category: Uncategorised

How to Plan better for your tax bill

We’ve all been there… As business owners, we generally pay our taxes AFTER we’ve made the money which in most cases is up to a year after the event! Who remembers how much they’ve made a WHOLE YEAR LATER? I mean, I can’t even remember what I had for breakfast let alone how much tax…

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The Need-To-Know for your 2022-23 tax return

If you are a UK taxpayer who needs to file a Self Assessment tax return, you might be wondering when the deadline is and what happens if you miss it. In this blog post, we will answer these questions and provide some tips on how to avoid penalties and reduce your tax bill. What is…

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How to put my Michael Kors Handbag through the business…

I recently had a meeting with a client with an attractive designer laptop bag/handbag which got me thinking…..would it be an eligible business expense? If you run your own business you might be wondering if you can claim the cost of a handbag as a tax deduction for your business. After all, you need a…

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The New National Minimum Wage from April 2023 is going UP!

From this April 2023, the national minimum wage is going up across the board – this means there’s a 10% payrise for all affected. This means that someone full time currently earning a salary of £18,525 can expect their new salary to be £20,319 from the 1st April 2023. This is the employer’s responsibility to…

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Grants and Free Business Support

Some of the team attended an event held by Growthworks earlier in the week where we learned about funds that are currently still available to small businesses operating as limited companies in the Cambridgeshire and broader area. These range from free 121 sessions to work on your business strategy, coaching & mentoring for your staff…

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