Hiring specialist contractors can reduce SME costs
To thrive in the contemporary business ecosystem, SMEs need to optimise the use of resources and achieve maximum customer value.
Being lean in every business process gives SMEs the ability to compete and deliver outstanding value in an ever-changing economic environment. The term ‘lean’ was first used by MIT researchers to describe Toyota in the late 1980s on how they eliminated waste and…
Why your business should be accepting card payments
As almost half of all adults in the UK carry less than £5 cash on them, businesses should accept card payments to remain competitive.
According to UK Finance, the body that represents leading finance and banking firms, debit card payments surpassed cash for the first time in 2017 with a total of 13.2 billion transactions made. The percentage of card purchase is also set to grow year after year,…
We’ve updated our accountants for dentists page
Our team of specialist accountants for dentists are here to help
At Tax Agility, our specialist accountants for dentists in London are passionate about working with General Dental Practices (GDPs), newly qualified associates, consultants and other dental professionals to deliver a range of accounting services, so that they can maintain a healthy financial state. This passion led us to update…
Tax planning tips for self-employed contractors
Having worked with self-employed contractors across London for many years, we understand that you’ve got a lot on your hands juggling your business operations and financial responsibilities. When it comes to tax planning and reducing your tax obligation legitimately, your busy schedule often means that this is an afterthought and as such can fall by the wayside, leaving you in a difficult…
How Xero can help contractors in the UK
In the United Kingdom, many businesses are gravitating towards more flexible employment structures as a way to not only cut costs but also enjoy greater autonomy and larger returns and profits. One of the structures that facilitate these benefits is independent contracting; whereby business owners offer their contracted services to companies in place of a traditional employee. For accounting…
Guide to setting up a retail outlet in Central London
London is one of the fashion and shopping capitals of the world, so it’s only natural that retail businesses represent a substantial cross-section of London's economic landscape.
The retail industry today contributes significantly to London's economy, with the sector accounting for about 40% of all money spent in London and providing approximately 400,000 jobs or 9% of all employment in the…
Getting ready for Brexit
When it comes to Brexit, business owners are split into two camps.
One group believes that the impact of Brexit is minimal to their businesses, which range from providing consultancy to logistic services, to multi-disciplinary companies spread across the UK. Their size ranges from two people to teams of several hundred.
The other group believes the opposite. To them, the impact of Brexit is…
Annual Investment Allowance explained: Tax relief for small businesses
The Annual Investment Allowance (AIA) is a form of tax relief that allows businesses to claim 100% of expenditure on specific categories of machinery and plants. The allowance is intended to encourage small to medium-sized businesses to invest, with a vision to stimulate growth in the UK economy.
What has changed?
The government has recently made a sizeable increase to the claim allowance, from…
Eight top tips for choosing a contractor accountant
Being a contractor comes with many responsibilities, from communicating with clients to purchasing materials and equipment. With so much to think about, things like finances can easily be pushed aside in favour of more pressing issues. Choosing a specialist contractor accountant can help you to manage your accounts, keep track of your taxes and reduce some of the stress of dealing with your…
3 easy tips to make the most out of cloud accounting
The government’s Making Tax Digital scheme is fast approaching and with all businesses expected to be reporting their tax online by April 2019, time is running out to switch to cloud accounting. At Tax Agility, we have years of experience with Xero and Freeagent accounting software, and we’ve got a few easy tips to make your transition that much smoother.
1. Make sure everyone is involved
When…