Employee Gifts at Christmas
Its that time of year when we may be thinking about how to reward our employees for their support during the year. A Christmas meal, a bonus, a bottle of wine or some chocolates? …
Do you pay approved mileage rates for business journeys?
As an employer you can pay your employees for mileage incurred when they are using their own car to travel on business. HMRC sets out the rates you can pay without the payment being subject to tax and NI. The approved rate is …
Sole Trader or Limited Company?
When you start out in business it is difficult to know whether to be a sole trader (self-employed) or a limited company. And many will wonder what the difference is and whether there are advantages of one over the other. A few years ago it was said that it was more tax efficient to be a limited company but these days there really isn't much difference in tax savings between the two. So how do you decide? …
Business Inspiration
I have just reached a milestone of 15 years in business. It has been challenging, rewarding and enlightening. I have had to learn to do things it never occurred to me I would have to do when I started out. I have had opportunities and experiences that I would never would have had. …
Do you want to increase your profitability?
At least once a year every business owner should review the cost of running their business - the overheads. Whilst you might spend time finding the best and most cost effective supplier for the goods that you sell or for the materials that are used to provide your service, do you consider the other costs that your business incurs? Costs such as insurance, telephone & broadband, stationery, subscriptions and marketing. Are you aware of these overhead costs or do you just accept they are what they are? …
