Latest Start Ups

    The First-Tier Tribunal recently decided that HM Revenue & Customs were wrong to assume that all Company Directors are required to complete a Self Assessment Tax Return (Mohammed Salem Kadhem v HMRC). The taxpayer appealed against HMRC penalties for failing to submit his Tax Return because he owed no tax – the only…

The Government has now set out a revised timetable for implementation of the Making Tax Digital (MTD) project.   Three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today as they set…

General Election: Which manifesto helps TechCo’s ? With the 8 June general election fast approaching, directors of technology companies will be scanning the main manifestos to consider which party is potentially offering the most useful new policies for their business: Conservatives (link to 84 page manifesto) Running a balanced budget by the middle of the…

What’s in it for the self-employed? Starting with the good news, those with a turnover of less than £85k have been delayed from having to adopt accounting software and quarterly reporting under HMRC’s new Making  Tax digital until April 2019. However, on the downside, you will have to pay 10% class 4 national insurance rather…

Anglia LEP: Offering £1/2m grants towards business expansion. The New Anglia Local Enterprise Partnership is calling for local businesses wanting to grow and create new jobs to apply for grants up to £500,000 through the Growing Business Fund. Businesses across Norfolk and Suffolk may apply for a grant of up to 20% of the total cost…

Minimising the tax paid on profits is a key aim of most SME businesses. The tax benefits of trading through a limited company, as compared to operating as a sole trader or partnership, soon becomes attractive as profits grow.

Dreaming of Starting your own Business? The summer holidays are here, which means for most people you will have the traditional summer break, and then face the prospect of returning to work. This is when thoughts may wander to starting your own business – working for yourself rather than for someone else. For many this…

Business Grants: For East Anglian SME’s. Growing Business Fund– grants of up to £500,000 for companies that are expanding and creating jobs. BEE Anglia (Business Energy Efficiency) – provides grants of up to £20,000 at an average of 28% intervention rate to implement next-phase technology to reduce carbon emissions or save costs. The Employer Training Incentive…

NewCo: Select and protect a unique company name. When a new company incorporates, its name should not be exactly the same as another registered company’s name or too similar to another. Same names also include those where the only difference is punctuation, a special character or particular words e.g. UK; .com. Too similar names may…

Itchy Feet: Is now the time to start your own business? We are here for all of your accountancy requirements, Corporation Tax, Income Tax, VAT, PAYE, as well as Capital Gains Tax and Inheritance Tax. We pride ourselves at being experienced with dealing with businesses and being available no matter how big or small the…