Tax can be one of the trickiest things to get your head round when running or starting a new business. But it is especially important to understand your tax responsibilities as a small business, as well as budgeting for tax you owe. Whether you're starting out of have been in...
Category: Tax
Accounting Necessities: Get Business Ready for 2022
The start of the year is an exciting time to reflect on the past twelve months and prepare for the next. And while many of us will be thinking of 2022 resolutions – no doubt relating to exercise, diet, and personal fulfilment, if you are a business owner it’s also...
What Are NFTs and How Are They Taxed?
If you could pick out a few buzzwords about cryptocurrency in 2021, NFTs, DOGE, SHIB and Ethereum are probably some of the big ones you can think of. Whilst NFTs have been around since 2015, sales and interest have skyrocketed since February 2021. Since that’s why you’re probably here, let’s...
9 Tips for Making the Most Out of Your Year-End Accounting
With the end of the calendar year almost upon us, many business owners will be pretty glad to see the back of 2021. With Covid-19 restrictions effecting many businesses, it’s been a tough year. So, while we raise a glass to you, to celebrate the fact that you’ve got through...
Union fees: are they tax-deductible and what are they?
As a part of your profession, you may be a member of a trade union which you pay fees for in order to access member benefits. Union fees are typically collected monthly which you should budget for, but the great news is that all your union fees are fully deductible...