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Protect Yourself from Fraud

Scammers and fraudsters have been around forever and being online is certainly no protection against people trying to separate you from your money.  Unfortunately scam e-mails are common-place these days but one particular scam always seems to pop up around this this time every year – HMRC fake e-mails. Everyone has received these fake messages […]

Payroll Submissions and the Easter Holidays

A new payroll year has started and, among the endless double checking and final submissions, the first awkward challenge is already here. The Easter bank holiday is falling in such a way this year that it’s possible for your usual payment date to fall on one of four non-banking days.  This year, through April 19th […]

Making Tax Digital: Statements and Delays

Delays to the implementation of Making Tax Digital were expected, perhaps inevitable, but what does that mean for you and your business?  Among the avalanche of recent Brexit news, there was a Spring Statement that seems to have flown comparatively under the radar. In this statement, there were two things in particular that stood out […]

I’ve overpaid tax!

I’ve overpaid tax, how can I get it back? If you have overpaid tax it’s understandable to want to claim this back as soon as possible. In order to do so, you will need to lodge the details of all your income and reliefs to HMRC. When can I do this? Those who are registered […]

Do you need to keep a mileage log?

What is a mileage log?  If you use a vehicle for the purpose of your business, a mileage deduction is a great way to save a little extra tax. However, HMRC won’t just take your word for it, in order to claim this deduction you need proof. In other words, you need a mileage log.  […]

Is tax relief being cancelled for buy-to-let mortgage interest?

Is tax relief being cancelled for buy-to-let mortgage interest? To put it simply, no. A reduction, not the cancellation, of tax relief is being applied. Who does it apply to?  It applies to those who: let residential property in the UK or elsewhere, and are claiming a deduction for financing costs, and from April 2017, […]

Should I run my buy-to-let business through a limited company?

When setting up your buy-to-let business you need to consider whether to hold the property personally or whether a limited company may be more suitable.  To understand the issue better, first, let’s look at the rule changes that began to phase in from April 2017. What are the changes? From April 2017 to March 2018, […]

What’s the cheapest way to close down my company?

Starting your own successful business is a big achievement and as such, there is a vast amount of information online regarding how to start, what your first steps should be and how to grow your business as big as possible. But what if you need the opposite of that? For numerous reasons you might one […]

Sausage & Chips for 250 Days! Creative Excuses and What Not To Say

Your self-assessment tax return is almost due.  As the end of the month approaches, the January 31st deadline feels suddenly all too soon. Whether you’re a small business owner, freelancer, or contractor this deadline can be the source of a major headache not to mention a last minute panic.  If that’s the case, we’re here […]

What records do I need to keep?

Running your own business is full of difficult yet exciting challenges, however, with so much going on at once it’s easy to let the simple tasks slip by unnoticed. With all the paperwork, e-mail trails and software changes that come along with running your own business it can be near impossible to know what is […]

Moulds & Co Ltd 2017