Category: Business Start Up

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Mid-Year Tax Planning – Allowance Maximisation

Have you considered mid-year tax planning so that you can take action in time to maximise your allowances and save tax? Mid-year tax planning is around October and there is less than 6 months till 17/18 tax year ends. A lot of people overlook things during the tax year and do not take action which causes them to not take advantage of available allowances … Read More Mid-Year Tax Planning – Allowance Maximisation

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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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The Art of Utilising Business Losses to Minimise Tax

What to do if the business is making a loss? This is a guidance on how to use business losses to offset other taxable income to save tax. There are slightly different rules between incurring losses as a sole trader and as a company. And there are rule changes for corporation tax loss which was brought forward from April 2017. Business Losses as a … Read More The Art of Utilising Business Losses to Minimise 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