Press Release

#DutytohelpBeauty Open Letter for the Beauty Industry Aug 3 2020 Ria-Jaine Lincoln, an accountant who specializes in helping beauty salons, launches a campaign for the government to help the beauty sector, by issuing vouchers, in the same way that the hospitality sector has been helped. Ria-Jaine states “I feel helpless watching beauty business owners struggle with the last minute changes …

Self-employed workers

𝗠𝘆𝘀𝗲𝗹𝗳 𝗮𝗻𝗱 𝗺𝘆 𝘀𝘁𝗮𝗳𝗳 𝗵𝗮𝘃𝗲 𝗮𝗹𝗹 𝗱𝗲𝗰𝗶𝗱𝗲𝗱 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝗴𝗼 𝘀𝗲𝗹𝗳 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗱. I hear this every single day be it in conversation with clients, potential clients or on the facebook forums 🤯Most often the reason is because it works out better financially.. If this is the only reason that a salon owner is choosing to go self employed whilst …

Allowable Business Expenditure For Sole Traders

One sure way to reduce taxable profit and to ensure that you do not overpay tax is to account for all the business expenditure and claim all the allowable tax relief. Before I go on I want to list the three different categories for business costs: Capital Business/Revenue Expense Personal This article looks at number 2 Business /Revenue expense. For …

3 Types of Business Costs and Why They Matter

When people speak about business costs they typically speak about one type of business cost, revenue or business expense. There are in fact 3 different categories of business cost as listed below: 1. Capital 2. Business 3. Personal Sometimes people confuse the three and this can cause errors when completing the business accounts or tax returns. Capital Expense This is …

The ‘A’ Word….

Accounting is often a word that is whispered or buried in the back of one’s mind until a dreaded deadline approaches or the tax man comes knocking. People often comment upon the power of social media and those little e-footprints that are left online. The use of social media into tax investigations and collection of evidence, is becoming more popular. …

VAT

Struggling to keep up with the VAT payments and dreading the quarterly returns! Panicking about where the get the money for the dreaded VAT bill! Tempted to reduce business activity to stay away from the VAT threshold! Sound familiar? Managing VAT can be a stressful time for business especially if hitting the threshold has come as a surprise. In an …