Blog
Can my limited company pay for a home office in my back garden
With more and more people running their business from home a recurring question we get is if a business owner can build a garden office or remodel part of their house to serve as an office and put the expenses through their limited company. The short answer is yes,…
Shubraka Partners with VATCalcualtorUK
Shubraka is pleased to announce it’s partnership with VATCalculatorUK.co.uk, a website which allows you to add or remove VAT with the touch of a button! If you need help with your VAT return we’d be more than happy to help! Otherwise if you know what you’re doing…
SEISS 4 claims open over the next week
For English scroll Down.Исковете за четвъртия грант на SEISS ще бъдат отворени през следващата седмица. HMRC са писали до всеки човек който потенциално се квалифицира. Датите за кандидатстване в писмата са между между 22 и 29 Април. Предоставената дата е…
Budget 2021 Announcements
Hi All,The key points in the budget that may impact your directly: Coronavirus support Furlough to be extended until the end of September Government to continue paying 80% of employees’ wages for hours they cannot work Employers to be asked to contribute 10% in…
COVID-19 Government Help For the Self-Employed
We did a live webinar on the 5th of April covering the COVID-19 Self-employment Income Support Scheme (you get 80% of your profits as a grant) and benefits such as Universal Credit available to the self-employed with actual examples. Please scroll down for the…
Auto enrollment pension providers comparison
Many small employers will be need to choose a pension provider for auto enrollment very soon. In September 2016 we did a comprehensive analysis of all providers registered under the master trust assurance scheme. We chose to review only providers under the scheme as…
Class 2 NICs abolished – are you in danger of loosing your pension?
From 2018 Class 2 NICs will be abolished. This has impact on how you accrue qualifying years for state pensions if you are self employed and your earnings are below 5,965 per year. Whereas before you could pay voluntary class 2 NICs at 2.80 a week even if you had…
3 rules that will keep you afloat and jump start your business
1. Cash is king As cliché as it sounds this is the first rule of business. Many a profitable businesses have gone bankrupt because they did not budget appropriately and did not manage their liquidity. The amount of effort you should put in budgeting depends on the…
Business Ideas
They are generally two models you can use to get rich in business: 1. Become the next big thing by expressing your creativity, indomitable will to make things happen, extreme hard work and lots of luck 2. Pick a tried business model and work work work and get some…
Are you getting the best advice from your accountant?
As a contractor, you have an accountant, you pay your fees, you get your accounts… and that’s it. Or is it? This is a very short post about the telltale signs that you might not be getting the best advice from your accountant. The signs: You are getting…
Should independent bike retailers fear the BREXIT fallout?
If you follow cycle biz news as I do you may think that the BREXIT propaganda is still in full swing.Be it currency devaluation or full blown zombie apocalypse with the economy crashing and most of us losing jobs, it seems the future of cycle sales is not great. In…
Is it a trade or a hobby – working tax credits
There seems to be an increasing scrutiny lately by HMRC into working tax credits claimed by self employed people. The general mode of enquiry seems to be questioning if the income is so small as to allow claiming for working tax credit, is it actually a trade? Or a…