Do you find doing
your tax return stressful? Well you’re not alone!
Here’s our top tips to help you avoid the fines and stay calm.
(Keep calm and do your tax return!)
The financial year has just ended, all the information you need for your 2016 tax return will be fresh in your minds. So why wait until January 31st 2017 to submit it? Even if you submit your return early but forget to put something in, you can go back and re-submit at a later date. If you’re not sure which information you’ll need to put into your return then download our free Tax Return Checklist from our support page.
Self-Assessment can be a complicated process, especially if you’re juggling multiple jobs and running a business. This is where our skills and expertise come in! Sometimes you might need our help, so if you’re feeling a bit out of your depth we can prepare and submit your Tax Return for you, alternatively we can just offer some advice over the phone.
Even changing the program you use to collate your figures can ease some of the stress. Try to keep on top of your bookkeeping throughout the year. Maybe try a different accounting system, each accounting system will suit different businesses, it depends what you require the software to do, and the level of understanding you already have around what information is required.
Our favourite online system. Really
friendly interface, easy to use, easy to customise, all the time saving
features of online systems such as automatic bank feed, payroll, an app for mobile
devices and connects with lots of add on software. Also has a telephone helpline.
Very good value at £10 per month and if you only need their cash book rather than a full blown accounting system that is only £5 per month.
Very popular online system due to their
excellent marketing clout, but has its limits (they all do). We are not so keen on the displays for
customer and supplier information and there is no telephone helpline but it has
an app and if you need one of their software partners this will be the one for
£20 per month for their mid-range product.
Old time offline favourite of our clients
because of its ease of use, flexibility and currency features. It was ahead of its time. Uniquely, you can report on a cash basis
which is very useful for charities and some not for profit organisations.
Starting price of £160 for the offline system and £10.50 per month for online.
This is the big one, first on the market
years ago, very stable and reliable with great telephone support. They are customer driven and really
understand small businesses.
Their offline system starts at £160 and their online system is very competitive at £10 per month. Becoming increasingly popular as their existing client base moves online.
January 31st might seem a long way off but you’ll be surprised how quickly it comes around, it’s best to get your tax return out of the way so you can focus on growing your small business. If you need some advice call us on 01273 882200, or email us at email@example.com.Why not take a look at our services pages and understand more about what we can do for your business.
This is the first in our series of blogs designed to help you better understand your business accounts. We’re kicking things off with the profit & loss report!
Taking on your first employee can be an exciting time but there are some responsibilities you need to be aware of. One of them is compulsory pensions these are your auto-enrolment responsibilities. Find out what this means below.
This is the second most popular question from business owners. This sounds like a simple question but the answer is complex and involves many aspects to consider. The answers will depend on the make of the car, the tax position of the owner, their business and the method of ownership.
Dealing with overseas
customers and VAT rules can be a bit complicated for some businesses,
particularly those in retail where you may not have proof that goods are
leaving the UK.
Read below to find out more about the options available to your business.
If you receive rental income from a furnished residential letting then you’ll be aware of a “Wear and Tear” allowance, eligible for use against your properties. This allowance recently saw a change to its terms, read below for more details.