If you are a self-employed person and you work from home, you are able to claim additional expenses for the running costs of your home within your accounts.
If you submit a tax return resulting in a repayment, the real HMRC will undergo checks to ensure that the claim is genuine before paying out the money.
Not enough companies run a profitability analysis - a defining indicator of profit. The occasional analysis can also indicate if it's time to make some changes.
Apparently 20% of small businesses fail within the first year! Often this is due to naivety or a lack of preparation.
A popular and tax efficient remuneration strategy is to extract profits from your limited company as dividends.
What is a director’s loan account? This is a way of keeping track of transactions between the director and their company
Having a detailed business plan is critical to any venture. It helps you understand your goals and keeps you focused on what to do
Many business owners are creating purpose-built structures in their garden in an attempt to keep their business and personal lives separate.
Good accounting is crucial to the financial health of your business and mistakes can be devastating, especially in the early days.
The government launched a well-publicised series of support measures in response to the Covid-19 crisis.