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!
what our clients say
One Plus One Accountants have been an invaluable support to me and my business. Simon guided me right from the beginning when I was still deciding whether to set up as a Sole Trader or limited company. I have had support with incorporation of the business, payroll for our first employee, VAT... Read more >>
Hummingbird HR Ltd
We have enjoyed the services of One Plus One Accountants since taking over our business 10 years ago. We were recommended to use them and have been impressed with the knowledge and expertise of all staff. The staff have the ability to explain complex tax and employment issues in a language that is... Read more >>
Meadfoot Beach Café
Since working with One Plus One Accountants we have been more than satisfied with the quality of service we have received. The staff are always very pleasant and helpful. We would have no hesitation in recommending them to others.... Read more >>
Shirley and John Eatwell
A few words about One Plus One. I have enjoyed the excellent advice I have got. It has enabled me to feel my best tax position has been obtained with the least effort from myself. I would recommend them to anyone for the best possible result. All the staff are most helpful and knowledgeable.... Read more >>
One Plus One Accountants have proved themselves time and time again over the last 2 years and have helped us to strengthen the control of our company. The staff are friendly, reliable and continually give a good professional service, whilst maintaining very competitive charges. We do not hesitate... Read more >>
Nevada Construction Ltd
Since working with One Plus One Accountants we have found them efficient and kept our accounts in good order for the last 30 plus years. We have been impressed with their services and find them approachable at all times including regular impromptu meetings to discuss our business in a friendly and... Read more >>
J Melhuish, Teignbridge 76 Social Club
My company has had the great pleasure of working alongside One Plus One Accountants for the last 12 years. They have as a team over the years assisted us with many different business issues, their advice & knowledge has helped me to understand how a business works and how to grow from a one man... Read more >>
Katherine Bainbridge, R B Engineering
Through our association with One Plus One, we have found the staff friendly, knowledgeable, efficient, helpful and very responsive to any problems, and we can all have them. Long may it continue. Thank you and wish you all the very best for the future.... Read more >>
Pat Newport, Motoplan Ltd
Changing our accountant was not the easiest decision to make but making the move to One Plus One has proved to be a great decision. You would not always expect to find professional efficiency hand in hand with friendliness and approachability but that is exactly what we found. We are... Read more >>
Louise, Tackle Trader
As a busy award winning group of hair salons we need to be able to rely on good sound advice, prompt attention and expert handling of our financial affairs as we simply do not have time! One Plus One Accountants have now looked after us here at CRC for some 14 years providing a first class,... Read more >>
Karen Dodds, Cutting Room Creative
I have been a customer of ‘One Plus One Accountants’ in its different guises for over 25 years, and have always received an excellent service from a locally based firm. With the formation of our new company a year ago, we needed the stability and confidence that ‘One Plus One’ gives us. We... Read more >>
Nick Yabsley, RPM Renewable Energy Ltd
I moved my accounts two years ago from a well know accountant practice in Exeter after being charged such high fees for what I considered a relatively easy task. After a visit from Simon Lukies of OnePlusOne I was convinced it was time to move even though I had been with the other accountants for... Read more >>
Alan Wills, Owner Remedies Laser and Skin Care Clinic Topsham
I have used one plus one since they took over from Ashley Dawes and they have been brilliant. As a sole trader my accounts are straight forward, but I am what they must think, a nightmare customer!! I am always chasing my tail, approaching January to submit my accounts to them, despite... Read more >>