Take ownership of your business across Amazon, eBay, Shopify and more, with Linnworks' Multi Channel eCommerce Software, trusted by thousands of online sellers.
Christmas is a popular time for submitting Self-Assessments to HMRC ahead of the 31 January deadline.
Last year, 16,000 people submitted their tax return online between 24 and 26 December. This included more than 2,500 submissions on Christmas Day and almost 7,700 the day after on Boxing Day.
More than 17,000 people also submitted their Self-Assessments on the New Year’s Day bank holiday.
Small Business Saturday is a relatively new celebration that celebrates the thousands of small businesses that help make Britain great.
The day itself is in less than two weeks, and there are lots of brilliant ways that shops, cafes and all sorts of other independents can get involved.
Here are our top tips for a successful Small Business Saturday.
Delivered by Chancellor Philip Hammond on Monday, the 2018 Budget had some important announcements for small businesses, contractors and freelancers.
The statement was welcomed by some business figureheads, but criticised by others. In this blog post, we unpack some of the key announcements and explain how they may affect your business finances.
Having a business bank account has some benefits. It can help you look more professional and it’s a good way to keep your business finances separate from your personal finances.
But business bank accounts usually charge a monthly fee, plus extra charges on certain transactions. If you are a freelancer or another micro business, you might not want one unless it is absolutely necessary.
Monday 24th December - 8.30am - 2pm
Tuesday 25th December - CLOSED
Wednesday 26th December - CLOSED
Thursday 27th December - 8.30am - 4pm
Friday 28th December - 8.30am - 4pm
Monday 31st December - 8.30am - 4pm
Tuesday 1st January - CLOSED
If you are self-employed, you can claim back expenses against your income to reduce your overall business profit and the amount of tax you pay.
For example, if you earn £40,000 through self-employment and claim back £5,000 in allowable expenses, your profit will be £35,000, so you will only pay tax on this.
Many of these allowable expenses are obvious. And if you have been self-employed for a few years you will know most of them. But there are certain less obvious expenses that you might not have claimed for.
Is your business still using spreadsheets to manage its bookkeeping and accounts? It could be slowing you down and hurting your company.
Whether it is invoicing, checking figures or speaking to your accountant, spreadsheets more manual effort. Cloud-based accounting software automates many of these processes, making you more efficient
Making Tax Digital is the latest HMRC campaign to modernise tax collection and make life easier for business owners.
The first raft of changes, which affects VAT payers, will come into force on 1 April 2019. But a survey from the British Chambers of Commerce reveals that 24% of firms have never even heard of the measure.
Making Tax Digital for VAT will apply to all VAT-registered businesses that have a taxable income over the VAT threshold of £85,000.
Cloud Accountant is ready to help contractors, freelancers and other small business owners make the most of HMRC’s new Making Tax Digital (MTD) requirements.
Having been awarded Xero’s Making Tax Digital Ready accreditation, our specialist digital accountancy practice can help small business owners put the required software and processes in place before the first MTD deadline in April 2019.
From next April, companies that exceed the £85,000 VAT revenue threshold will no longer be able submit VAT returns manually. Instead, companies will need to use HMRC-compliant software to track and submit the returns automatically.