Starting your own business is an incredibly exciting time but it can also be equally scary. There’s so much to think about, to plan and to do – all at the same time! Juggling building a business and maintaining a personal life can be difficult even before you start trading so here are our top 3 tax tips for startups.
‘Tis the season to be jolly and if you haven’t already done it, you’re probably in the process of arranging your Christmas party. So what better time is there to familiarise yourself with the tax rules regarding entertaining, staff functions and Christmas parties?
As well as being one of the most important, keeping the books is one of the more difficult aspects of running your own business. Perhaps unsurprisingly, mistakes are common but accounting errors can be fatal for businesses. Here are 5 common mistakes to avoid.
As a business owner, you’ll have to pay your staff but paying your staff is not as simple as just transferring money in to their bank account or putting cash in their hand. You’ll have to deduct tax and National Insurance contributions (NICs) from any earnings and that’s where it all starts to get a little bit complicated!