24.05.2010 Twitter No Comments

Twitter Tax Advice week 2010-05-24

  • RT @efficiencycoach: considering whether to go LLP, Ltd or sole trader? http://bit.ly/17KZb8 //good understandable blog #
  • Is may tax code right, how many time have we heard that in 2010? Some guidance from AW Accounting http://bit.ly/dcHDeG #
  • RT @britstockphoto: UK pro/am photogs – want to be a #BritstockPhoto contributor? Visit the web site and let us know! http://bit.ly/681Urz #
  • Off to potential elderly client to assist with tax codes on state and other pension, taking MG Midget as it is sunny #
  • RT @wavecrestglen we ship stuff to Africa for some UK charities. Pls DM with more info & I may be able to make intros -for @falconforge #
  • @corksnob Although they are behind it is a great job, good price + tidy + friendly guys, come and look. http://tweetphoto.com/23301418 in reply to corksnob #
  • Office moved temporarily to son’s bedroom desk to escape distraction of builders http://tweetphoto.com/23299543 #
  • RT @AngliaSolutions: @alastairwood – ‘builders’ and ‘on time’ in the same sentence? Are builders ever on time? :o ) //3 weeks lare already! #
  • Helping out client with PAYE underpayment, awaiting their figures from #Moneysoft and #Quickbooks so see if HMRC correct # read more
09.04.2010 Tax Advice No Comments

Dates and deadlines for the new tax year

With the passing of the old tax year we are presented with returns to file and tax to pay.  Some memorable dates are listed below, with a few more interesting ones too:

  • 19 April – PAYE must be paid for the period up to 5 April (usually just the March payroll) – and monthly on 19th for each subsequent month read more
01.04.2010 Business Advice No Comments

What year end should I have?

Whether you have just started up a business or have been going a number of years there are a few factors which will influence what year end you choose:

  • Date registered at Companies House: The default date chosen is the end of the month one year from incorporation, so if you incorporated on 4 February 2010, your year end would automatically be 28 February 2011.  You can however change this.
  • If you did not start trading through the business until May, you may want to change the year end to April so it represents a full years trade read more
29.01.2010 Business Advice, Tax Advice No Comments

Thinking of going Limited?

My finance presentation to Mumpreneurs, in association with Buss Murton solicitors, highlighted the interest there is in the possibility of going limited.  While many small businesses have started off as sole traders they have evolved and grown to the extent that they should be considering whether this is the best structure for them.  I have recently been approached by a prospective client turning over £500k+ read more

15.12.2009 Business Advice No Comments

How should I set up sole trader or company?

So you are thinking about setting up your own company or wondering whether you are trading through the best sort of company.  There are basically three types of company you can trade through and they all have their pro’s and cons.

Sole trader

This is the simplest way to work for yourself and there has been much discussion in recent months about people reverting back to sole trader status, or setting up as a sole trader in preference due to increasing company tax rates of which more later.  read more

06.12.2009 Twitter No Comments

Twitter Weekly Updates for 2009-12-07

  • RT @efficiencycoach: about to start a new business? Must read article… http://bit.ly/NRz1K Some great advice here esp #2 and #10 #
  • Visit to opticians today reminded me employers can pay for employees sight tests and glasses if solely related to VDU use. #
  • @toggleuk Xmas cards look great, did you say you had some laptop sleeves like iPhone covers (my Garmin would like one too!) #
  • @JonnieJensen Website looked great on @becomeknown iphone at Ship and Trades #chatham, not showing now – live later? in reply to JonnieJensen #
  • Self employed in your 2nd year in growing business – beware of high tax bills in January because of tax catching up #
  • Have been asked (or did I volunteer?) to do a presentation,to “Mum-preneurs” on setting up in business,in T Wells in Jan #
  • Driving a company van? Make sure you have no significant private use and there will be no personal tax to pay http://ow.ly/IuMS #
  • VAT increase on the cards post election (20%?), OU Bus School reckons not until 2012 as economy too fragile http://bit.ly/7IBZji #
  • @thegovier As I drove home tonight there were a number of garages with prices around the 108 mark which is not far off #HMRC calcs in reply to thegovier #
  • Company cars – updated advisory fuel rates from 1 December 2009 http://bit.ly/UP3A4 #
  • To avoid penalties and VAT increase get your Tax Return done this month. #
  • Great time with @jonniejensen looking at new AW Accounting website today, for any WordPress queries ask him not me! Going live soon! #
  • Staff entertaining rates for 2009/10 – max of £150pa providing all staff are invited #
  • Gifts for customers-you can make gifts up to a value of £50 per year as long as they are not food/drink and marked with your Co name/logo #
  • @yellowpark Not had a problem that I noticed except when unplugged USB during download. At #Tuttle 101 on Monday?? in reply to yellowpark #
  • Great time at #Dartford FC networking this morning. More stories of accountants not communicating with their clients. Accountant=adviser! #
  • @yellowpark Maplin just replaced my “£59.99″ USB weather station bought 11 months ago. Rain gauge stopped working #fail in reply to yellowpark #
  • Still room for 4 at the Ellenor Lions #Gravesend networking event on Friday. Call Linda Trew 01322 422845, Linda.Trew@ellenorlions.org #
  • @amyaccountant Twitter is really all about sharing ideas and collaboration – great to see you using to its potential. Will watch and learn! in reply to amyaccountant #
  • Just recd Organ Donation Card, http://bit.ly/88nbWu got around to it as a friend Peter is having liver transplant v soon- Reg Now! #
  • HMRC advice for businesses on the change of VAT rate to 17.5% from 1 Jan. Admin nightmare once again! http://bit.ly/558sEm #
  • Existing businesses with turnover>£100k and all new regns after 1/4/10 will have to file VAT Ret online http://bit.ly/6oJnlP #