Do I Need To Pay Tax On My Hobby/Side Business

Do I Need To Pay Tax On My Hobby/Side Business

October 25, 2018 | No Comments

Is there something that you love doing? Something that you’re good at and enjoy? Chances are your thoughts have turned to making money from it. Why not? Some seriously successful businesses have been born from a simple idea that starts at home. What many people don’t understand is, doing it for the pure fact that you love it is very different to when it becomes a business. There’s lots to consider, from profits, expenses and tax to marketing and admin. If you’re sure that it’s what you want to do, we’ve got some helpful advice for you in this blog
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What Is A Registered Office?

What Is A Registered Office?

October 4, 2018 | No Comments

If you’re a limited company, a registered office is the official address listed for your company. Your registered office address is shown on the public register and is available to everybody. So, think carefully about your chosen address. The reason for this is so that there is a greater level of company transparency. However, it does leave this address open to marketing products – this is why a lot of companies choose an alternative address to their company’s actual address. This is the address that Companies House and HMRC will send all your letters, reminders and notices. This however, doesn’t
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When Should My Business Go VAT Registered?

When Should My Business Go VAT Registered?

September 26, 2018 | No Comments

As a company it can be a struggle to keep on top of rules and regulations. However, when you go VAT registered isn’t something that you can afford to be out of the loop on. There’s requirements you must meet as a company, and this being correct is one of them. Here we’ll tell you when to go VAT registered to ensure your business is fully compliant.   When should I register? It’s essential that you register when you go over the threshold, or when you know that you’re about to. Your VAT taxable turnover determines this threshold. This is
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Pros and Cons of Becoming a Ltd Company

Pros and Cons of Becoming a Ltd Company

September 6, 2018 | No Comments

Making your business ‘Ltd’ can be a decision that a lot of people don’t find easy. With changes to tax, legal responsibility and increased admin it can be hard to weigh up whether it’s the right thing to do for you and your business. We understand the trials and tribulations of running a business, here we’ve put together a blog post to make the decision of going ‘Ltd’ easier to make. Pros         People often prefer working with limited companies As a limited company you’ll likely find that people will have more confidence in working with you as well as contracts
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