limited company

24 01, 2020

Q&A Friday! “Do I have to declare income if I sell my personal goods online?”

By |2020-01-24T09:20:39+00:00January 24th, 2020|limited company, Personal tax, Sole trader, Tax|

It's a new year and i'm having a clearout and selling my personal things at car boot sales and online via gumtree.  I am also self-employed and complete a tax return, do I need to declare the income I receive from the sale of my personal goods on my return and be taxed for it? The question you need to ask yourself is this: Is this additional income regular trading [...]

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 [...]

22 10, 2019

Small businesses: do you have a Brexit clause?

By |2019-10-22T08:45:03+00:00October 22nd, 2019|Brexit, Business planning, limited company, Tax|

If you are small business owner and your company trades with the EU, are you prepared for Brexit?  With Brexit looming, you will need to position your small business to avoid the least disruption and damage to you and your customers or clients.  A Brexit Clause is something you may want to consider with your EU clients and suppliers to protect each other's interests and keep costs under scrutiny in [...]

26 09, 2019

Four ways to Qualify for R&D Tax Credits

By |2019-09-27T08:26:04+00:00September 26th, 2019|limited company, Tax, Trusted Adviser|

When people think of research and development (R&D), they often picture large corporations or specialist science or tech companies. This perhaps explains why, despite the Government’s efforts to encourage innovation for small and medium sized businesses through the introduction of R&D tax credits, only one in five businesses have claimed money back for their time developing new products or processes. One of the main reasons why the numbers for R&D [...]

19 09, 2019

HMRC have issued me with an EORI number, why do I need it?

By |2019-09-25T18:01:56+00:00September 19th, 2019|Brexit, limited company, Tax, VAT|

Are you a VAT registered business? If so, have you received a letter from HMRC allocating you an EORI number? HMRC is automatically providing 88,000 UK VAT registered businesses with economic operator registration and identification (EORI) numbers to assist with trade with the EU should the UK leave with no-deal. Some 72,000 UK companies have already registered for EORI numbers but now HMRC have taken the next step and issued [...]

13 09, 2019

Small Businesses risk losing the Employment Allowance

By |2019-09-25T18:50:00+00:00September 13th, 2019|limited company, Personal tax, Sole trader, Tax|

Plans to remove the employment allowance from large employers could have an impact on small businesses too, according to research by the The Association of Taxation Technicians (ATT). From April 2020, the next tax year, the employment allowance, which currently gives employers a reduction in their National Insurance (NI) bill of £3,000 per annum, will no longer be available to large businesses.  The change in tax legislation means that this [...]

27 08, 2019

Landlords: Your Tax Position is changing

By |2019-08-27T09:07:12+00:00August 27th, 2019|Business planning, limited company, Property, Tax|

Building your business around owning and renting property can help build immediate cash flow as well as long-term a view to retirement.  These are the benefits of being a landlord but you should also consider your tax position as a landlord, as the tax rules around buy-to-let properties are changing.  Landlords, your tax position is changing, read on to find out more. Perhaps the most obvious benefit of being a [...]