HMRC has recently announced the proposed timescale to introduce the next stage of Making Tax Digital (MTD) for Income Tax.Who does it affectPreviously MTD applied to those that were VAT registered - from 2023 it will expand to include an additional two groups of people:1) Those with rental income above £10,000 per year. This is per person, so if there is a joint rental property and the … [Read more...]
When is the best time to start a small business?
You could actually find that it may be during a downturn... as many perceived obstacles are actually opportunities if you are aware of them and take advantage.Having started my own business in 2006, I have both grown my own business during the last downturn from 2008-2013 as well as help hundreds of small business owners to grow too.It was one of the reasons I launched my own online training … [Read more...]
Equipment recommendations for working from home (WFH)
This is a sample lecture from my online course - start and grow your own consultancy small business from home.When people start out in business they can be unsure of what equipment they need – and can either waste huge amounts of money on unnecessary items, or else not be able to provide a good service quality.In this session I’m going to cover the ideal business equipment I … [Read more...]
Government help for the self-employed due to coronavirus
The chancellor has just announced the Self-employed Income Support Scheme, due to the coronavirus situation.The scheme aims to pay 80% of self-employed profits, as a taxable cash grant, up to a maximum of £2,500 per month. The scheme is planned to last for a minimum of 3 months.The first payments are expected to be made in June and will be backdated - so people will receive 3 months' worth … [Read more...]
Tax help during Covid-19
During the current situation, I am available to help clients remotely:Meetings can be held through telephone or skype instead of in person.Documents can be scanned and sent to me either through email or by using an online service such as Dropbox.I am available to answer queries through email or you can use the online message box on the website contact page instead if that is more … [Read more...]