Are you newly self employed and you’ve started your own business? It’s important to register with the relevant authorities. Registering with HMRC should be one of the first things on your to do list. Registering with HMRC will ensure you are properly complying with the filing requirements imposed. Problems and penalties can arise if your…
In yet another U-turn, the UK government has introduced a significant change in the tax treatment of double cab pick-up vehicles (DCPUs) and company car tax, following a recent Court of Appeal judgment. This ruling affects how DCPUs will be classified for tax purposes starting in 2025. There is also new legislation targeting car ownership…
With the first budget now delivered by the new Labour Government, let’s take a look at the key points that have been raised; The freeze on income tax and National Insurance thresholds will end in 2028, preventing people from being pulled into higher tax bands as their wages rise. Businesses will have to…
Tax planning is all about helping individuals and businesses manage their taxes and make smart financial decisions, by evaluating factors like income sources, investments, expenses and potential deductions. The goal is to not only reduce tax obligations but to also maximise the benefits and advantages available under the UK tax Laws. The Basics The UK…
Have you recently set up a limited company? Are you thinking about setting up a limited company? Are you a director of a limited company and not sure of your responsibilities? There are many company director responsibilities. In this blog we’ve highlight the most important responsibilities and provided some answers to FAQs. Company Directors Responsibilities…
As a small business owner, you can get caught up in the short-term plans, growing your business, managing cashflow and dealing with the day to day of your business. However, have you ever thought about planning for the future? Before you know it, there won’t be much time left to plan and give yourself the…
Do you worry about how you’re going to pay your tax bill? Do you dread the January deadline? In this blog we outline some hints and tips on budgeting for your tax bill. How do you even start to think about budgeting for your tax bill? The best way to look at it is to…
Here at Bickerstaff & Co, we want to help where we can to make sure you free up your time. As a business owner, you can get bogged down under the administration that comes with running a business. We can help take care of the bookkeeping and accounts, allowing you to free up your time….
If you’re self-employed in the UK, you may be required to make payments on account (POA). What is payments on account? In this blog we’ll explain what payments on account is and what you need to do as a self employed taxpayer. What is Payment on Account? Payments on account (POA) are tax payments made…
How much is my business worth? Valuing your business can help you focus on areas for improvement. In this blog we aim to answer a few questions you may have about valuing your business. Hopefully then helping you answer the question, how much is my business worth? So, how do you even value a…