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Practical Tips for Staying in Control of your Cash Flow

1. Keep on top of your invoices If you’re running a service-based business, one of the best things you can do is to get into the habit of taking a deposit before starting any new project. Not only does this ensure that you’re not completely out of pocket if a client suddenly ghosts you, but it means…Read More

Company Car or Mileage?

Deciding whether to have a company car or to claim mileage is a regular question we receive from clients, and can be a difficult choice for business owners. The most tax efficient choice differs depending on a number of factors. Tax legislation has changed resulting in fewer instances where it is more beneficial to have…Read More

Recent Changes To Tax And Pay Rates All Employers Need To Know About

It is really important as a business owner that you keep up-to-date with the latest changes in tax rates and pay for yourself and your employees. Income tax and NI changes – the tax-free personal allowance increased to £12,500. The higher rate tax threshold has increased to £50,000. Self-employed Class 2 NICs increased to £3.00…Read More

8 Ways To Lower Your Tax Bill

There are lots of ways to save money on your tax bill. Some measures are simple and straightforward, others are more complicated, and some need a bit of expert advice. Granted, it’s now less acceptable to consciously avoid paying tax through one scheme or another, but that doesn’t mean that you can’t lower your tax…Read More

5 Postitives Of Making Tax Digital

Making Tax Digital is not all doom and gloom, but in fact for small firms and sole traders it does have its advantages. In the new world of cloud-based software, apps and digitalisation, why are so many business owners not taking advantage of using software to give then Real Time advice on their accounts? We…Read More

A Guide To Being Self Employed – by Dafydd Jones, Director of OBP.

More of us are becoming self-employed with government figures showing the number of people who are self-employed rising from 3.3 million or 12% of the labour force in 2001 to 4.8 million or 15.1% in 2017. The benefits of working for yourself include: Being your own boss. Work when you want to work. Earn money…Read More

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