Average small business expenditure totals £1m per year
New research from American Express has found that UK small business expenditure has risen to an average of over £1m per year. Overview of small business expenditure research findings Small [...]
Contractor expenses you should be claiming
Ensuring you claim all your contractor expenses is crucial for running a profitable operation. Those extra costs can quickly mount up, but most business expenses are tax-deductible providing the [...]
Government aims to bring forward small business rates relief
The Government has intervened in an attempt to bring forward small business rates relief for up to some 25,000 firms. The background to small business rates relief In March, Chancellor Philip [...]
Should you hire employees or freelancers?
So, you’ve reached the stage where you can’t go it alone any longer, and there’s only one question in your mind: “Should I hire employees or freelancers?” Both [...]
Contractor IR35 changes will harm public sector, warns survey
Contractors believe changes to IR35 will limit public sector innovation and reduce competitiveness, according to a new survey. Survey results Harvey Nash Recruitment surveyed 269 contractors back [...]
By 3 Wise Bears
In Contractors, FreeAgent, Freelancer Accounting, Freelancer Tips, Landlords, Small Business Accounting, Startup Accounting
Posted How to spring clean your business finances
With Self Assessment tax returns out of the way and summer right around the corner, spring is an ideal time to take a closer look at your business finances. Whether you’re a freelancer, [...]
By 3 Wise Bears
Posted Peers urge delay to Making Tax Digital
Members of the House of Lords (HoL) have urged the Government to delay implementation of the new Making Tax Digital scheme. Peers have asked that the initiative be delayed until 2020, following [...]
Understanding business mileage
In recognition of the fact that many of us have to travel for business reasons, HMRC allows employees and sole traders to claim tax relief on their mileage. Employers are allowed to claim up to [...]
Marketing and advertising – making it work for your business
The global marketplace means that you are now competing against businesses from Birmingham to Beijing to Brisbane, so raising the profile of your products and services is vital. But with myriad [...]
Lessons from leasing
According to reports from LEX Autolease, there was a huge increase in SMEs leasing company vehicles. During 2014 there was a 21% rise in car leases, and a 101% rise in van leases. Commenting on [...]