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What makes professional indemnity insurance tax deductible? Since professional indemnity insurance is an allowable cost, it goes against your business profits and therefore, it is tax deductible. It is used 'wholly and exclusively' in the course... read more
Self Employed Or Limited Company? We are asked almost daily whether it would be best to be a sole trader (it means the same as self-employed) or start a limited company. There are several issues you... read more
We often get asked, 'Do I need an accountant?' A great accountant will help you get started, be there to support you through the early days, and then teach you how to use reporting to... read more
Directors Loans can cause tax complications which many small business owners are unaware of. In fact they often only come to light when accounts are prepared and it is realised that the owner/director has withdrawn... read more
The National Minimum Wage is important to get correct and the first step is to know who qualifies and who does not. So, who does qualify for the national minimum wage? 1 Workers must be at least... read more
Starting a successful business isn't easy or everyone would be doing it. And as the majority of new businesses fail in the first five years, that clearly isn't the case! You need a product or... read more
The GDPR takes force from 25 May 2018. You should start planning so that on that date you can demonstrate compliance with the GDPR. Businesses are expected to put into place comprehensive but proportionate governance... read more
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