Poor tax planning for business could cost you dearly. While most of us don’t like to even think about tax, it’s something that doesn’t go away. Head in the sand doesn’t work unfortunately. I know, I’ve seen many a business owner try and fail. So, what is tax planning? Tax planning is the…
With the cost of living rising seemingly every day, it can be hard to make ends meet. Money goes as quickly as it comes in and you seem to be left with nothing by the end of the week. The best way to take control of you finances and get ahead is by creating a…
It may sound simple, but knowing when to tick the tax free threshold on your employee forms is important. Ticking the wrong box could leave you with a tax debt at the end of the financial year. What is the tax free threshold? The tax free threshold is an amount of money that…
Organising your books, invoices and expenses as a small business is a tough gig. It can take hours of valuable time that you just don’t have. If you aren’t quite in the position to hire a dedicated accountant to take care of your business accounts for you, then there are options to save you time,…
Running a small business, especially as a sole proprietor, comes with its challenges. None more so though than cash flow. Without a predictable or forecast cash flow your business will struggle not to mention your stress levels. Whether your business is sales, online service provider or even a trade it can be hard to predict…
Tax time is one of the most dreaded times of year for any business owner. Whether you’re a small hobby business or a mega million dollar corporation, we all have to meet the tax man at some point. But what if the tax man paid you for your time and effort? Did you know that…
When it comes to running your own business, keeping your accounts up-to-date is a must. You might start out with the best intentions, but with the flurry of the day-to-day grind (especially when business is going well) it’s easy to end up off course and with piles of paperwork everywhere! Rather than picking up the…
It’s tax time and we’re all crossing our fingers and toes hoping for a big return – well at least better than last year’s, which was so low we’re sure we did something wrong. If you’re determined to get it right this time, read on! Provided your employer has been deducting the right amount of…