As a self-employed sole trader, no doubt your biggest priority is to boost your profit and pay yourself a decent wage. You are, of course, required to pay income tax on your profit – but are you paying too much? To maximise your income, it is essential to understand every tax relief you are entitled …
Up-to-date: November 2022 The cost of living crisis is making life difficult for many of us as consumers, but its effect on small businesses is just as relentless. With cash becoming more scarce and costs rising, many SMEs face prolonged periods of negative cash flow. The cost of living crisis is being driven by a …
How to boost business cash flow during the cost of living crisis Read More »
It’s likely that one of the reasons you registered your business as a limited company was because of the tax saving. You naturally want to keep as much of your hard earned income as possible, in order to pay yourself a decent salary and invest back into the business. At Ascott Blake we can ensure …
How to reduce corporation tax for limited companies Read More »
Something we can be guilty of as professional advisors, is assuming how much our clients know about the services we offer. This is particularly true with tax services. Tax is incredibly vast and complicated. It interconnects into so many different aspects of business and life. What you might not know is that Chartered Tax Advisers …
Tax advice: What is it & How do you know what you need? Read More »
If you approached us to ask about our bookkeeping services; by simply asking a couple of questions we would be able to determine very quickly the services you need. This is because bookkeeping is a service that has been industry defined, making it very easy to find the service you need. But what about when …
If you setup a UK limited company you will need to pay corporation tax. This is different to personal tax paid by individuals based on their self assessment tax returns, and a company needs to file a CT600 corporation tax return each year. Corporation tax is paid by limited companies in the UK, and is calculated …
Congratulations first of all! If you are researching guidance on employing a member of staff, your business must be growing and/or you are investing in future growth. It can be very daunting employing your first employee, as you need to make sure you are fully compliant and up to date with your duties and obligations …
Starting a business can be a daunting task that often involves making difficult decisions. Every business requires a legal structure regardless of its size but deciding on whether to set up as a sole trader or limited company makes it even harder. Picking the wrong structure can have long-term implications and can even ruin potential …
Limited Company vs Sole Trader | What’s best for your business structure? Read More »
Whether you are new or already have a growing business it is important that you know how much money you should be setting aside each month for taxes. Because there are no set amounts and each business will vary, it can be difficult for business owners to know how much they should be setting aside. …
Tax Calculator and Cash Flow For New and Growing Businesses Read More »
Bounce Back Loan Scheme Advice A few of our clients have applied and received the Bounce Back Loan Scheme. They are waking up to £50,000 in their bank account! This could well be the healthiest some businesses’ bank account has looked for some time, this is great news and an amazing opportunity for businesses to …
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