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Tax Needn’t Be Taxing:
Sole Trader Tax Help

Britain has the most complex tax system in the world, proving too much to handle for some self-employed individuals and entrepreneurs. Discover how to manage your sole trader tax right here!

Sole trader tax can be a tough nut to crack.

While businesses and corporations often find support from finance experts and in-house account management teams, those running their own single-person operations tend to be left to their own devices when it comes to tax.

Which accountancy package should you use in your business?

One of the most common questions I get asked is which accountancy package is most appropriate to use in a business. There's basically 5 options: 1. Excel spreadsheets Many people when they start a business will start on Excel spreadsheets.  Nothing wrong with this, it...

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Five Simple But Brilliant Team Building Activities

Looking for some business advice? Here’s ours: Team Building is one of the best investments you can make   Team building is one of the cornerstones of a successful working dynamic, and time put into ensuring staff can get on and work together well is an invaluable...

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The magic number – £42,475

If the meaning of life is 42, the magic number in tax planning is £42,475. £42,475 is the amount you can earn up to before you get into the higher rate.  If you earn less than this now you are in the basic rate which is 20% income tax, go above and you are paying 40%...

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Being busy doesn’t mean anything!

It's funny how when you meet other business owners or other people at networking events that one of the first questions we ask each other is 'are you busy?’  The answer of 'yes' is recognised as a good answer and 'no' as a bad response.  I guess the person asking the...

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Are your team leading to your greatness?

If I was to think about the succesful business owners that I know personally, some clients, some not, I would be able to come up with some common characteristics despite the businesses themselves being in different sector and despite the business owners being...

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Which VAT method should you go for?

So here it is....the last part in my VAT trilogy.  I've enjoyed writing it, I hope you've enjoyed reading it.  To all you VAT specialists out there, feel free to comment on the blog and after, let's get together and have a VAT party where we can discuss all the...

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The difference between normal VAT accounting and flat rate VAT

As you know, if you've read my blog yesterday, I got very excited about VAT.  So here's some more on VAT and the different ways of accounting for it. If you have started off in business you don't need to register for VAT until your sales hit £77,000.  Once this has...

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The most complicated tax….EVER

Becoming VAT registered is a special day for most businesses.  When I say, special, I mean special in a bad way.  You have to put your prices up to include the VAT even though it doesn't benefit the business and you have a whole new layer of administration and...

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You are your business 24/7

I remember being at primary school and one of my fellow pupils had done something against school rules.  Nothing unusual but this time the misdemeanour had been committed outside of school.  He got really told off by the teachers since they said he had 'brought the...

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