T-Mobile. TalkTalk. Multi-billion-dollar telecommunications companies that wish they had taken their data protection obligations more seriously. I know from experience that many organisations view regulations such as the European Union’s General Data Protection Regulation (GDPR), as burdensome red tape; a ‘box-ticking’ exercise that holds them back from doing business. But, Read more…
The surprising answer to this is, YES. It is not often that you will find a professional services firm that suggests can do something yourself, but when it comes to forming a new limited company – you can. There are many services out there which guide you through the process Read more…
Double-entry accounting should, in some cases, be called ‘double-effort’ accounting. In the case of receivables and payables, that’s true. Each invoice raised by a supplier needs to be entered at the other side by the customer… therefore any efficiency we make in how we raise them should also represent an Read more…
All UK employers should make sure they’re up to date with the latest information from HMRC, but there is a lot to go through. Below is a summary of the 29th May update, highlighting the points most important to my clients and other small businesses. Support will be reduced gradually Read more…
A self assessment can seem daunting, but fortunately the process is fairly straightforward for the vast majority. And if you have kept accurate records such as bank statements, receipts and tax forms such as your P60, completing and filing your tax return should be a breeze. Who needs to do self Read more…
If you decide to move to self-employment, you’ll need to choose a legal structure for your new business – in the UK, the vast majority of small businesses are either sole traders or limited companies. So, what are the differences and which should you pick? Sole trader Being a sole Read more…