How to grow your business: Taking small steps

Many business owners believe that business growth is an easy, straightforward path from small to large and often fall into the trap of trying to grow too quickly too soon. This attempt at rapid business growth usually results in problems like losing track of finances and ineffective business operations. In reality, business growth is a series of small steps that make manageable improvements to…

Childcare Vouchers for Directors

If you’re a director of a Limited Company and a parent or step-parent of a child whose expense is maintained by yourself, or you have parental responsibility for a child who lives with you, you may be able to save money by way of the Childcare Voucher Scheme. For a company director to be eligible for the Childcare Voucher Scheme you must be both an employer and an employee of your company,…

Using Gross Profit Margin to help your business

There are many elements to running a business, but the main one is to ensure that you are making more money than you spend. For businesses that have large, multiple outgoings, such as builders and mechanics, it can be an effort to keep track of the money spent to keep business going. However, you need to make sure your work is priced in relation to how much it costs you to run your business. By…

Last minute GDPR preparation for small businesses

GDPR is a hot topic these days and rightly so. 25 May 2018 is the day the new EU General Data Protection Regulation swings into full gear, and with it come hefty fines to those who are found non-compliant. We’re excited to be GDRP compliant ourselves, and as your small business accountants, we encourage you to take preparations seriously too. With just over two weeks to go, here’s your…

Business advice for SMEs: Six tips for running a better business

Starting a business can be an exciting, yet sometimes daunting, process. To help you with your new enterprise, Tax Agility’s team of accountants for small businesses and startups are here to work with you to get your business trading as soon as possible. Once you’re up and running, there are steps you can take to ensure that your new venture has the best possible start in the current economic…

Making a limited company dormant – What to look out for

Many contractors choose to close their limited companies completely when they have no intention of returning to contracting. But for those who are just considering a short break away from their limited company, making it dormant may be the better option. This will allow you to reserve your company name, brand and trademark until you return to your operations. However, making your limited company…

An accountant a day keeps a doctor in business

As a doctor, running your practice is like running a business: you have tax responsibilities and accounts that need to be managed. In many cases, you may be running your practice in partnership with other doctors. This can create added confusion and stress when it comes to who is responsible for the financial aspects of your practice. Working with a dedicated and knowledgeable accountancy team…

Building a better business with Tax Agility

Tax Agility are chartered accountants with a difference. As well as offering an accounting service where we can manage your accounts, tax returns and book keeping, we also provide assistance regarding better business growth. Ultimately, we want your business to succeed and we can work with you to give you the tools and techniques you need to develop. A better business for you Our better…

Limited Companies vs. Umbrella Companies

You’re looking for a career change and have decided to work for yourself and become a contractor. However, you’re not sure of the benefits or whether you should set up as a limited company or with umbrella company. There are many benefits to becoming a contractor. You have more freedom and flexibility when it comes to your hours as well as many financial benefits. All this freedom does not come…

Are You Aware of the New IR35 Update?

IR35: the change is coming A week ago, a firm which has active contracts with the Ministry of Defence became the first private company to ban workers who are limited companies. It simply told its hundreds of “Ltd” workers it has on-site that they must switch to an umbrella company or quit. Traditionally, a contractor, or a self-employed person, usually chooses to set up a Limited Company or work…