01270 2600959 Ossmere Close, Sandbach, Cheshire CW11 1FBChartered Accountants in Sandbach, Cheshire

Accounting Articles

Mar
30
2015

Is your hobby really a business?

Many businesses start out as hobbies, so at what point does it become a business or trade that means you should register with HMRC as self-employed? Once a hobby becomes a business you need to keep sufficient business records for your accounts and your self-assessment tax return every year. Penalties maybe incurred if you do… Read the full article…

Jul
3
2014

HMRC Second Income Campaign

HMRC often run campaigns encouraging voluntary disclosure by tax payers of undeclared income. By bringing their tax affairs up to date via a campaign the tax payer may avoid heavier penalties and possible prosecution when HMRC do catch up with them later. HMRC are currently running a Second Incomes Campaign which is aimed at people… Read the full article…

May
23
2014

5 Tips to help you keep on top of your accounting

The need to track expenses, manage your books, issue invoices and create accounts may not be at the top of your list of reasons for starting your own business but it is important to remember that the bills and the taxman always have to be paid. To help you focus your efforts on your bookkeeping… Read the full article…

Apr
11
2014

5 Mistakes Small Businesses make with their Accounting Records

1. The Shoebox filing method Does your accounting filing system look like this? Bookkeeping is best done as you go along so you can see how your business is performing. Many small businesses may only need an hour a week to keep their books up to date and this is preferable to spending 52 hours… Read the full article…

Mar
18
2014

Starting a new business (part 3)

Your new business is up and running and you are now incurring costs and you are unsure what is allowable as a tax deduction. This article is about certain overhead expenses you can claim as business tax deductible expenditure. Business Expenditure Use of Personal Vehicles If you are using your own vehicle for your business… Read the full article…

Mar
7
2014

Starting a new business (part 2)

You have decided to start your own business, you have agreed the legal format your business will take (see our Starting up in Business (part 1) help sheet), and you are ready to go! But what do you need to do next? Do I need to tell anyone? No matter what type of business entity… Read the full article…

Mar
3
2014

Starting a new business (part 1)

You are thinking about starting your own business but there are a great many questions to be answered such as will your business make money, what business format should you set up, whom do you need to notify about your new business, what do you need to do if you intend to employ staff and… Read the full article…

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