10 Ways to reduce your tax bill

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EVERYONE MUST PAY TAX, BUT DON’T PAY MORE THAN NECESSARY – THERE ARE MANY WAYS TO REDUCE YOUR BILL, AND YOUR RETURN IS THE PLACE TO CLAIM LOTS OF THESE SAVINGS

Arranging your finances in the most tax-efficient way possible will mean your total tax bill is as low as possible. There are all sorts of tax reliefs and allowances available. To claim these tax breaks, complete the relevant sections in your self-assessment tax return. Here are 10 potential tax- ...

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Keeping Business Finances in Order

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Do you find keeping your business finances in order to be a pain? 

Although it may appear to be, and often is tedious, keeping your finances in order is extremely important.

It helps you to project where your business is headed, and when you know exactly how your revenue and expenses are stacking up, you can begin to make more informed decisions for your business. 

Maintaining your financial records also makes tax reporting and payments a lot more manageable. It can also prevent ...

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Bookkeeping Software

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Bookkeeping Applications

Almost everyone is familiar with the different types of applications used on the phone, tablets and computers. With the advent of online accounting, numerous bookkeeping applications have been created to help improve the accuracy and speed of processing receipts and bills.

The most common applications helping in bookkeeping tasks are Receipt Bank, Entryless and Shoeboxed to name a few. These bookkeeping applications are able to connect to software such as Xero, Quickbooks Online, Free Agent, Zoho Books ...

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How to record CIS deductions in Xero – the Manual Way

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This is a short tutorial on how to correctly record CIS Deductions in Xero cloud accounting package without a plugin.

This method can be easily replicated to other accounting packages.

What is CIS Deduction?

CIS short for Construction Industry Scheme is a type of taxation introduced by HMRC to the construction industry. In a nutshell, it means that any contractor operating within construction industry has to register ...

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Business Expenses HMRC Allows to Claim!

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I have decided to post this small guide because of constant questions I was getting from small business owners in regards to business expenses HMRC allows to claim on self-assessment.
    This guide is more of a rule of a thumb rather than a comprehensive tutorial. If you require in-depth advice or consultation, then please fill in the form and I will come back to you within 48 hours.

Before I get into details it is important that you know ...

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