'Tis the season to spread joy, and what better way for self-employed sole traders to do so than with thoughtful, branded gifts that won't break the bank? The good news is that HMRC allows for a bit of festive generosity in the form of allowable business gifts.
As a self-employed sole trader, you understand the importance of making every penny count. What if we told you there's a way to make a positive impact on society while also enjoying significant tax benefits?
What is the High Income Child benefit tax charge, and does it apply to me?
Child Benefit was previously a universal, non-means tested benefit, meaning that all parents were able to claim it, however in 2013 this changed, and the High-Income Child Benefit Tax charge was introduced, meaning that any individual with an income over £50000 would need to pay back all or part of child benefit received.
Remember when email was new and novel, and we thought it would make life so much easier? It did improve communication on some levels, who remembers fax machines and the joy of picking up and sorting out all those pages of curly paper?
Cash flow forecasting isn’t just for big businesses, its for all businesses. And its an important part of understanding your business.
Nobody wants their business to fail, and, although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future.
It’s really exciting running your own business. You have complete control over how things look and feel. You want the best for your baby business. but do you really need it? Everybody and his wife will try and sell you something and tell you it`s essential for your success, but is it?