My pros and cons of running my own business

Running your own business isn’t all plain sailing. Here are some personal pros and cons of running my business. Cons: business administration- it takes me away from what I really enjoy doing networking- a necessary evil! chasing ...

Be Prepared

Recent reports have said that more and more of us are going self employed. This is partly due to people losing their jobs, and not being able to find employment. For some this has given them a kick that they needed to make the jump, ...

To be or not to be self employed

As you can imagine, I prepare accounts for a lot of small businesses, and sometimes I do wonder why some people have their own business. For most, it is obvious, they are driven, passionate and business minded. Others seem to have ...

Spring is in the Air

I apologise to everyone now if it snows next week, because of the title of this blog! It’s hard to avoid the feeling that Spring is around the corner, with Spring blooms colouring the landscape. I, for one, am happy that my ...

Optimism in January

January’s a funny month. Just after the sparkly optimism of Christmas, January can look very grey, dank and cold with Spring being a distant dream on the horizon. For business owners, however, it is a chance to plan  for the year ...

One year on

When you start off in business it takes a very confident person to believe in themselves and their business from day one. For most of us confidence comes slowly and steadily, building on the experiences you have and the people you meet ...

Payments on Account

This seems to be an area of self assessment tax which people find confusing. It’s not surprising as it is based on estimates, and from the taxpayers point of view it is a payment to be made in advance. In HM Revenue and ...

Self Assessment Tax Returns

  Now is the time to start thinking about completing your self assessment tax return for 2013. The deadlines are approaching fast, 31st October 2013 for paper returns, and 31st January 2014 for online returns. If you have not completed ...

Deadlines

  Douglas Adams said “I love deadlines. I love the whooshing sound they make as they go by.” Unfortunately HMRC and Companies House love them too, which is why they have so many. Penalties and interest are imposed if filing ...

To be or not to be VAT registered

You may think that just because the turnover of your business hasn’t reached £79,000, the current mandatory level for registering your business for VAT, that you don’t need to think about VAT registration. However, you can ...