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insight, guides and tips on how to make the most of your finances

UK (except Scotland) Tax rates and allowances for 2019/20

Oct 31, 2018 | Accounting and bookkeeping, Budget, Tax

Band/Category Tax rate Taxable income 2018/19 (UK - except Scotland) 2019/20 (UK - except Scotland) Personal Allowance 0% Up to £11,850 Up to £12,500 Basic rate 20% £11,851 to £46,350 £12,500 to £50,000 Higher rate 40% £46,351 to £150,000 £50,000 to £150,000...

BUDGET 2018: KEY TAKE AWAYS FOR CONTRACTORS!

Oct 29, 2018 | Budget, Government announcements, HMRC, IR35

Chancellor of the Exchequer H.E Philip Hammond delivered his speech today at Westminster. He opened the speech with "A budget for the strivers, the grafters and the carers” and "era of austerity is finally coming to an end”. We will look at some key pointes relevant...

Trivial Benefits – Getting the most out of your Company!

Oct 4, 2018 | Accounting and bookkeeping, Business Expenses, IR35, Running a business

Up till now your company had a staff welfare benefit of £150 per employee, which can be utilized at a staff Christmas party or other company events. There might have been occasions where you thought to gift your employees or throw a small staff function or even buy a...

ANNOUNCING THE LAUNCH OF OUR NEW MOBILE APP!

Jul 28, 2018 | Marketing, Mobileapp, Software

We are very excited to announce the launch of our new Mobile App to complement our Online Portal WISe. We have designed it with you in mind. You can create invoices, update expenses, receive notifications and more importantly can view Company and Shareholder Financial...

HMRC Second Payment on Account: Due on 31st July 2018

Jul 3, 2018 | Government announcements, HMRC, Self Assesment, Tax

This is a quick update about the 'HMRC Payment on Account' on your Self Assesment return. Please ignore this email, if you started your company on or after 6th April 2017; or if your Personal Self Assesment tax bill for Financial Year 2016/17 is less than £1000 If...

Choosing a contractor accountant guide

Jun 28, 2018 | Accounting and bookkeeping, Running a business

Choosing between accountant isn’t always straightforward - particularly if you are a new contractor. So we've put together a guide of10 tips to help you make the right decision. You’ll learn about: The benefits of hiring a contractor specialist Judging value for money...