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Tips

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26 Feb
Tips

Business Expenses – What can I claim?

  • Posted by Hammonds Chartered Accountants
Wondering what you can claim as a business expense? As you’re probably aware, whether you’re thinking of starting a business or you already run one, you can claim some of your costs as business expenses. As business expenses aren’t taxed, this is a great way to reduce your tax bill and save you money. The...

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26 Nov
Tips

How to write a business plan

  • Posted by Hammonds Chartered Accountants
If you’re planning to start a business, you’ll need a business plan. As you probably know, a business plan is a written document setting out your core business objectives and how you plan to achieve them over a defined period of time. A business plan will help you and others understand how your business...

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26 Sep
Tips

Do I need to do a self-assessment?

  • Posted by Hammonds Chartered Accountants
Are you striking out on your own and forging new ground in your career as a sole trader or as part of a new business? Do you have additional incomes, other than being an employee, and want to know what your tax requirements are? It has never been easier to set up as a...

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30 May
Tips

Limited company or sole trader – what should I do?

  • Posted by Hammonds Chartered Accountants
More and more people are going it alone when it comes to work. Whether it is for family reasons, or you have had enough of long commutes and working for others, setting up your own business is easier and more popular than ever before. There are a few choices that come with that and...

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29 Apr
Tips

Protect yourself from the latest HMRC scams

  • Posted by Hammonds Chartered Accountants
Attempts to scam people out of their hard-earned money are an unfortunate reality. Despite efforts to raise awareness of scams and let people know what to look out for, fraudsters will find ways around them. We believe that scamming is very wrong, and we want to do our bit to help keep that awareness...

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25 Oct
Tips

Retiring from your own business: selling or merging

  • Posted by Hammonds Chartered Accountants
Last month we took an in-depth look at finding the right successor when the time comes to retire from your own business. That is not your only option though, and we are keeping our promise of taking a look at your alternative options: selling or merging with another company. Let’s see how to go...

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24 Sep
Tips

Retiring from your own business: identifying a successor

  • Posted by Hammonds Chartered Accountants
For many of us, when it comes to retirement time all we have to think about is what our last day will be at work and how we will draw down our pension. However, as more and more people set up and run their own business, retiring becomes something that we need to think...

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29 May
Tips

What kind of tax do I need to consider?

  • Posted by Hammonds Chartered Accountants
This is a question we get almost on a daily basis. The simple answer is that it will always depend on your particular circumstances and whether you are referring to your personal ones, those of your business, or both. To help put things into some context, we are focusing on the key tax requirements...

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Why is it important to have a business plan?
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18 Oct
Tips

Why is it important to have a business plan?

  • Posted by Hammonds Chartered Accountants
It turns out that 2016 was a record year for new business start-ups. According to an article published in the Telegraph, 80 new companies were born every hour last year. With the way in which we work becoming more and more flexible, it may be that 2017 is even more of a record breaker...

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