Category: Blog

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Cash Out or Not? The ‘Exotic’ Ways to Use Cash in A Business

If you are running a profitable business it is likely that you have quite a lot of cash in the business and often you will be advised that if you take too much dividends or a high salary you will get taxed. This causes you to have cash in your business that you do not know what to do with. There are different strategies … Read More Cash Out or Not? The ‘Exotic’ Ways to Use Cash in A Business

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How Not to Forget to Pay Yourself

One of the most important factors of building wealth of any kind is to start paying yourself. It does not matter the amount that you pay, even if it is a small amount, the most vital part is that it will accumulate over time. In Tony Robbins, ‘Money Master the Game’, it mentions the power of compounding where it explains that time can actually … Read More How Not to Forget to Pay Yourself

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How Cloud Technology Has Changed the Way Accounting Services Are Delivered

The rising of cloud technology has replaced a lot of labour intensive work. The old way of accounting, which focuses only on number crunching tasks, is going to be replaced by technology. But the new breed of accounting profession will look to interest their clients with the cause and prevention of high tax bills. Cloud Accounting Most of us might have been through some … Read More How Cloud Technology Has Changed the Way Accounting Services Are Delivered

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Doctors of The Future – Changing The Way Healthcare is Delivered in The UK

In this article, we will discuss doctors of the future and how technology can change the way we deliver healthcare in the UK. Dr Ali, the founder of the app DocNoc, has taken some time to sit with Hannah Xu to talk about the business and how the idea was formed. Dr Ali has been a qualified doctor since 2002 and has been working … Read More Doctors of The Future – Changing The Way Healthcare is Delivered in The UK

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Tax Breaks for Going Green

Do you know that you can pay less tax by making more environmentally friendly choices? The government has put forward a few tax incentives for taxpayers to choose to go green. These tax incentives include tax breaks for choosing low emission cars, the cycle to work scheme, etc. This article will also cover how the Government has made the tax system more helpful for … Read More Tax Breaks for Going Green

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Straighten Out Your Rental Income Tax

There are more medical professional clients who are looking to start property investment. It is important to be aware of the tax implications when you rent out a property and how different it is tax-wise when you rent it out. This is a guidance focusing on when you do not have to declare rental income in your tax return, buy-to-let tax changes and options … Read More Straighten Out Your Rental Income Tax

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Understand Your National Insurance Contributions

What is National Insurance and What is it Used For? National Insurance is one of the payroll deductions and a majority of people do have to face it at some degree. National Insurance is used to fund state benefits such as; state pension, maternity allowance and unemployment allowance. These deductions are indirectly benefiting you or benefiting you for the long-term. Who Needs to Pay … Read More Understand Your National Insurance Contributions