Business planning

11 02, 2020

Tax Tip Tuesday! Electric car anyone?

By |2020-02-11T05:39:58+00:00February 11th, 2020|Business planning, limited company, Tax|

Tempted to buy an electric car but unsure if now is the right time? For those of you who haven't heard of the tax benefits of buying an electric car through your company or perhaps you need a reminder: The good news is that if you do buy an electric car now and before 6 April 2020, you would benefit from two years of 0% taxable benefit charge covering tax [...]

7 02, 2020

Q&A Friday – How should I structure my small business?

By |2020-02-07T11:19:37+00:00February 7th, 2020|Business planning, limited company, Personal tax, Sole trader, Start-ups, Tax|

One of the most important decisions you will make when starting your business or when considering the legal structure of your existing business is: What is the best structure for my business? Your decision will impact the amount of tax you pay, the control you have on your business profit and how you plan to pay yourself a salary from your business.  So it is very important to take the [...]

29 01, 2020

Transition period begins this Friday

By |2020-01-29T12:25:49+00:00January 29th, 2020|Brexit, Business planning, Tax, VAT|

This Friday, 31st January, is a mommentus one.  It is not only the last day to submit your tax return but it is also the day we leave the EU and the transition period of Brexit begins.   It may be an anti-climax after such a long run-up since the 2016 referendum and perhaps even more so now that it is looking very unlikely Big Ben will chime for Brexit, with [...]

14 01, 2020

Scottish Budget confirmed for 6 February

By |2020-01-14T08:27:32+00:00January 14th, 2020|Business planning|

Scotland is to go ahead with the Scottish Budget on 6 February five weeks before the UK Budget, mainly due to legal requirements to finalise funding for councils. The move by Derek Mackay, SNP, to go ahead with the Scottish Budget before the UK Budget is well within his right but is counter to normal practice. The decision is partly driven by frustration at Holyrood over the lack of coordination [...]

7 01, 2020

We love tax! Honest…!

By |2020-01-07T10:49:00+00:00January 7th, 2020|Business planning, limited company, Personal tax, Start-ups, Tax|

What's the difference between me and you? According to HMRC, 2% of people who filed their tax return last year claimed for underwear! Here at Mirandus, we wouldn't make that mistake, honest! As a Chartered Tax Advisory practice we live, breathe and keep up-to-date on all UK tax law, and what's more, we use our tax expertise, business experience and technology to help our small business clients thrive and grow.  [...]

1 01, 2020

Happy New Year from Mirandus!

By |2020-01-01T07:55:21+00:00January 1st, 2020|Business planning, limited company, Personal tax, Sole trader, Start-ups, Tax|

Team Mirandus wishes you a prosperous and peaceful 202o! This is a good time of year to detox after the excessives of Christmas and New Year celebrations but also a great opportunity to detox your finances too, both personally and in your business. Are you happy with your finances? And if not, what positive changes can you make in 2020? Whether you want to achieve growth in your small business, [...]

17 12, 2019

Small Business Essential Calendar 2020

By |2019-12-17T12:04:18+00:00December 17th, 2019|Business planning, limited company, MTD, Personal tax, Sole trader, Tax, VAT|

Another year is almost over and hopefully some R&R in store for all small business owners but also a chance to get organised for 2020 and hit the ground running in January.  To save you time, we have provided the small business essential accounting and tax calendar for 2020, an early Christmas present from Team Mirandus - you're most welcome! Some of the dates may change year-to-year but the deadlines [...]

12 12, 2019

Children and Tax, what options do I have?

By |2019-12-12T18:25:25+00:00December 12th, 2019|Business planning|

Did you know that every child in the UK has their full Personal Allowance they can utilise before they reach 16 years of age? We look at the various tax efficient options available to you to utilise your children's personal allowance each tax year, helping save for their future and into adulthood. Children and Tax, what options do I have?

19 11, 2019

Can I claim entertainment as a business expense on my tax return?

By |2019-11-19T09:06:03+00:00November 19th, 2019|Business planning, Personal tax, Sole trader, Tax|

Business entertaining when you are self-employed or a small business could very well be a major part of your business development, helping to establish and grow your business relationships to help your small business grow and thrive.  Claiming tax relief on your entertainment is a complex and grey area, read on to find out more. […]