What is the difference between trading through a Limited Company or deciding to be self-employed? Are they taxed the same? Can you only be VAT registered if you have a Limited Company? If you trade through a Limited Company, can you avoid the payment on account? You may h...
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Starting your own business is exciting. You may be doing it for the thrill of stepping into the unknown and seeing where your dream can take you. Or maybe it’s about being your own boss and setting hours to suit your lifestyle. Whatever the reason, all new business owners ...
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Should I register for VAT?

February 27, 2019
There may come a time when you will start to wonder whether becoming VAT registered will benefit your business. You could reach this point before you even begin trading but it might never cross your mind until your business ramps up a notch. Either way, there are a couple o...
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When you first begin to trade, you may question whether you need to set up a business bank account or whether you can use your personal bank account. As business bank accounts typically have charges attached to them, it can make sense to try to avoid these costs and using a...
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Once you’ve been working freelance for a while and have started to make a bit of money, you might want to start to think about how much you need to set aside to pay in tax. This is a great mindset to be in if you already are! I’ll help you understand the next steps. If ...
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Do I need an accountant?

July 30, 2018
I’ve recently come across a number of freelancers asking if they need an accountant. It’s a fair question, as when you are starting up, or if your business is in a famine stage (rather than the favourite feast stage), it’s common sense to question where you are spendin...
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Be honest. What’s your bookkeeping setup like? Or in simpler terms, how do you keep track of the finances for your small business? It’s pretty common for bookkeeping to sit right at the bottom of the list when businesses are starting up. You need to bring in some money f...
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You have decided to start your own business and you are ready to go. This first thing you may decide to do is join a networking group. Get a logo made. Google how to get your first customers. All the fun things. But whilst marketing is understandably sexy and fun, there are ...
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The first time most business owners hear the term Directors Loan Account, is when they sit down with their accountant to discuss their Limited Company year-end accounts. I know from taking client meetings myself, that us accountants don’t always explain what this account ...
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You’ve decided to set up and trade through a Limited Company. It’s started to make money and that money is sat in the bank account. You now want to get paid. So, you can just take the money from the bank account, right? Not exactly....
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