OUR TOP 5 FAQs
We often get asked, what are the most frequently asked questions we get asked! And in answer to that, here are our Top 5…
What is Making Tax Digital (MTD)?
This is an important change to the tax system being implemented by HMRC. It means you will be need to keep digital records and submit business tax returns digitally. We see this as a benefit. Keeping digital records and using good software can provide efficiencies; time and cost savings.
What is Xero?
This is cloud-based accounting software for small business, sole traders, partnerships or companies. It allows you to share access to the business numbers simultaneously with your team, accountant and bookkeeper. It keeps everyone up to speed – regardless of location or operating system.
How can I pay less tax (legitimately)?
Our approach is to help our clients legitimately ‘pay the right amount of tax and the least amount of tax’. There are many opportunities to save tax depending upon your personal circumstances. Click below and download our factsheet to find out more.
Should I run my business through a limited company?
The short answer is ‘it depends’. We carefully review the circumstances of the sole trader or partnership to see if it is the best thing to do. Click below and download our factsheet to find out more.
Should I get a company car?
Most self-employed people and company directors work incredibly hard. Often a decent car is seen as a well deserved reward. However there are a lot of HMRC tax variables around company cars so it makes sense to speak to us before making a decision.
YOU TALK. WE LISTEN. SO LET’S MEET.
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