Am I a sole trader or a limited company?
What is a sole trader? A sole trader is a person who is trading and isn’t a separate legal entity. Are you doing any activity that shows you want work (advertising) or with the aim of making money...
View ArticleLate payments: do Prompt Payment Codes work?
We’ve all suffered from late payers. It’s part of the job. What do you do when late payers threaten your business? Tax Donut recently published a blog post highlighting the reluctance – putting it...
View ArticleThinking about your tax return?
It’s not just Captain Hook from Peter Pan who can hear ‘tick tock’. The Self Assessment deadline is 31 January. That’s about 2 minutes away, what with the days drawing in, Christmas, New Year and...
View ArticleWe have loyalty cards!
We have loyalty cards! They feature brownies of course. You receive 2 stamps for every service you buy from One Man Band Accounting. After 4 stamps you’ll be sent a home made brownie, and after 8...
View ArticleThe Tax Return Toolkit is here!
Are you a sole trader or director doing your own tax return? Do you have an accountant and want help doing the paperwork they need? Do you want a large serving of anti-procrastination juice and a piece...
View ArticleCan I do my own tax return?
Yes! (usually) You’re a one man band, you freelance, you’re a micro business owner. Can you do your own self assessment tax return? Let’s break it down into limited company directors and sole traders...
View Article10 Ways To Get Paid Faster
Getting paid is the highest priority for all businesses. You don’t get paid, no business! Here are 10 Ways To Get Paid Faster. 1. Review Your Invoices Do your invoices have your contact information...
View ArticleHow Can I Do My Own Tax Return?
You’re a one man band, you freelance, you’re a heart-centred business, a female entrepreneur, a blogger. Can you do your own self assessment tax return? YES! (Usually) This is a long post, and a...
View ArticleThe Role Of Risk: Sole Trader Or Limited Company?
The most important decision when you become your own boss is choosing your legal structure. The second most important decision is making sure that structure is right for your business and you. There...
View ArticleBig Changes For How You’re Paid As A Limited Company
There are 2 ways you can pay yourself as a limited company. Salary and dividends. You ask, why bother when as a sole trader you can take money out when you like? One reason is saving money. [Edit:...
View ArticleWhat Is Class 1 National Insurance?
National Insurance is one of the most confusing tax subjects when you start a business – and even a lot later! National Insurance (NI) is the tax that isn’t called a tax and it comes in many...
View ArticleGetting Paid As A Limited Company
This is the 9th article in a 10 part series covering all aspects of getting paid as a business. Read more: Starting A Business, Professional Payment Procedures, Ways For People To Give You Money, Late...
View ArticleDemystify Limited Companies Workshop
Demystify Limited Companies Workshop How would you feel if: You felt clear about the right time to change your sole trader business into a limited company You felt clear whether a limited company...
View ArticleThe New Dividend Tax For Limited Companies
Do you have a limited company? There is a new dividend tax which changes how much tax you pay as a shareholder/director when you are paid by dividends. It’s one of the biggest tax changes for business...
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