Posts by Mark

Employee benefits and tax   Employee benefits can give rise to a complicated tax and National Insurance (NI) considerations.  You need to ensure that your payroll systems deal with employee benefits properly including completing P11D returns. Various regulations have been introduced to reduce the tax advantages of employee benefits, ensuring that most of them are […]

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A business has contacted you offering to add a few hundred unique “likes” to the company’s Facebook page. These could open the door to more potential customers, but is paying for Facebook likes ever a good idea? Facebook presence As you probably know, if someone clicks on a Facebook like button whatever it is they’ve […]

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Keeping your company records in line with legal requirements can involve a great deal of red tape. But what’s actually needed and how can you keep time spent on admin to a minimum? Legal paperwork As a director your main concern is making your business successful rather than being a slave to record keeping. But […]

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This is a question that we are asked all the time by clients who are new to self assessment. It is difficult to say what you actual liability will be until your year end is past and we have all the information as to your income and expenditure and its nature, as some will be […]

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An important recent case in respect of a doctor from London could have a significant impact on the travel expenses you can claim if you are self employed.   In the case of Dr Samadian v HMRC, the First-tier Tribunal (FTT) agreed with HMRC that Dr Samadian’s (S) business mileage claims from his home office to […]

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From the start of the 2014/15 tax yearthe basic personal allowance is £10,000 for 2014/15 and the higher rate threshold (the sum of the basic personal allowance and the basic rate limit) is £41,865. In addition, if you are an eligible employer, you can claim £2,000 against your employers’ NI bill in 2014/15. So what […]

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Nowadays everyone is told they should be on Facebook, sending Tweets and interacting via Linkedin in order to grow your business.  Social media interact is another strand to your overall advertising/marketing strategy and we thought it would be useful to list some useful tips to make the most out of social media use.   Talk […]

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We are often asked this question so thought it would useful to write a blog with the questions around VAT that you should consider before registering for VAT. Do you need to charge VAT to your customers? If you are VAT registered you will need to add 20% to your sale if it is a […]

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For most businesses that give credit to their customers and receive credit from their suppliers cash flow is usually an issue It is important to keep an eye on your cash flow and the following tips will help you do this Send invoices on time Send invoices promptly as delay in sending will give your […]

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