HMRC MTD Update February 2017
We finally have some more details about MTD from HMRC, although some other details are still to be confirmed. Who will be affected by Making Tax Digital(MTD)? At present there are only two groups of people who will be affected: 1) Those with rental profits above £10,000pa* 2) Those who have self-employed income above £10,000pa* […]
Missed the 2016 tax return deadline?
2016 tax returns should have been submitted to HMRC by 31st January 2017 – unfortunately returns that have not been submitted will be due to pay a minimum of a £100 fine. In addition, if there is any tax due then interest is already running… To add to the issues, HMRC will add a further […]
Excellent service from Lenovo customer support
For many businesses their computer is important, so being able to get timely support is critical. I recently had call to contact Lenovo with a query – their response timescale far exceeded my expectation… 10:30pm – my initial query was submitted by email 2:20am! – they replied asking for some more information 6:30am – I […]
Last chance to avoid a fine for a late 2016 tax return
Time is fast running out to submit a 2016 tax return to HMRC, and avoid fines and penalties being charged. Although the final deadline is 31st January, realistically the deadline is only two weeks away as time has to be allowed to prepare the return. The 2016 personal tax return covers the year 6th April […]
Boost your business with digital in 2017
“Through a combination of social media and traditional business methods, I’ve achieved much greater success than either on their own. Social media can actually save time if you use it effectively” You can find my “more time and money via social media” presentation slides on slideshare: http://www.slideshare.net/taxhelpukcom/more-time-and-money-via-social-media And you can find out more about the […]
Tax and National Insurance for the self-employed
It is very important to stay ahead of the business results, as this information will be key when it comes to tax planning. Completing your accounts soon after the year end is important so you are not surprised by the upcoming tax liability. If you leave things until the last minute, you could find that […]
Do you really need premises for your small business at the start?
Many small businesses make the mistake of over-extending themselves in the early years, particularly if they are supported by finance. Rather than just looking at what your competitors do and trying to copy them, you can gain a great advantage by operating differently… as well as reducing your initial costs. When starting in business you […]
Get my second book free for Small Business Saturday
To celebrate Small Business Saturday 2016, you can get the kindle version of my second book for free. My book is full of easy to apply tips for small business owners, covering many areas that commonly cause issues. Power Climb is endorsed by Ivan Misner, Ph.D. Dr Misner is a NY Times bestselling author and […]
The often forgotten tax-deductible allowances for small businesses
Many small business owners are unprepared for all the new jobs surrounding the main job they had based their business on. Thankfully, there is tax relief available for business expenses – however the one area that frequently catches people out is their own time. If you engage the services of a professional, perhaps to create […]
The autumn statement 2016
This was held on Wednesday 23rd November 2016. MTD While many people were hoping for an announcement regarding the making tax digital project, we are unfortunately left waiting until January before HMRC will respond. With a planned implementation date of April 2018, and still no definite details from HMRC, time is running out. FYI there […]
Tax exemptions for establishing and growing a small business
When people start a business they are often unprepared for all the additional work that is involved, in addition to their main business role that they set up to undertake. One of the reasons people start a business is often to have more free time, but they can usually find that they actually have much […]
James McBrearty has 2,000 students in 110 countries
I launched my online small business course in January 2016… now in November 2016 the 2,000th student has just enrolled. My course also has students in 110 countries around the world: You can find out more from the business course page on the website – I’ve also made many of the course lectures available in […]