Hate bookkeeping? Try one of these five systems!
No one starts a business or launches a freelance career thinking, ‘Oh I can’t wait to get stuck into bookeeping!’ And yet, keeping track of your incomings and outgoings is essential.
Why it’s worth telling HMRC about rental property losses
If you own a rental property there are a few things you need to do – and this includes telling HMRC about any profits or losses you have made. To ensure you don’t just stay within the law, but actually use it to your financial advantage, Ruth from Vanilla Online Accountancy shares her expert advice.
A quick guide to VAT for your business
If you start your own business, or decide to set up as a freelancer, there is a chance you may have to start charging and paying VAT. To help you understand what this may mean, Ruth Anscombe from Vanilla Online Accountancy has prepared a quick guide to VAT.
Start a business the right way with our financial checklist
Before you’re ready to take your business from idea to reality, there are a number of important decisions to be made. Ruth Anscombe is often often asked what needs to be considered when starting up a new business. So, to help you take the next big step, she has prepared a handy financial checklist.
Should you start a limited company or be self-employed?
There are many big decisions you need to make when you start a business or go freelance. And one of the most important is what structure your company or freelance will take. Should you stay self-employed or set yourself up as a limited company? Ruth Anscombe from Vanilla Online Accountancy helps you weigh up your options.
Do you really work for yourself? Take the IR35 test and find out
As a freelancer or small business owner with a Ltd company, you may think you work for yourself, but that doesn’t mean that HMRC agrees. There are strict rules around Ltd companies, and if you’re not aware of them you may be faced with a bigger than expected tax bill. Our financial expert, Ruth Anscombe, […]
How HMRC have made it easier to claim self-employed expenses
As a freelancer or self-employed business owner, there are a number of expenses you can claim on your tax return. Our financial expert, Ruth Anscombe, explains how HMRC has recently simplified their system.
Do you need to complete a tax return?
It’s that time of year again. People up and down the country are receiving letters from HMRC telling them to complete their tax return. But if you haven’t received a letter, what do you need to do? Ruth Anscombe of Vanilla Online Accountancy has the answer.