Guide to setting up a gastropub in Central London

If you consider yourself to have the temperament required to be both a pub owner and a restauranteur, then the life of a gastropub owner may appeal to you. The term gastropub entered the culinary vocabulary in the 1990s to describe a bar cum restaurant that elegantly balances a classic pub aesthetic with high-end food and drink – one of the many reasons as to why gastropubs have become a…

Guide to setting up a medical practice in Central London

London is one of the world’s leading commercial and financial centres, and has historically attracted a high concentration of medical practices. Harley Street in Central London for instance, has been a notable area for medicine and surgery since the 19th century. Today, quality care can be found beyond Harley Street and throughout London, including around Cavendish Square Gardens, a stone’s throw…

HMRC Legal Powers

Many people remain unaware that in an age where data protection and privacy are big issues, such rights do not always exist when it comes to tax affairs. In this area, HMRC has very wide powers to conduct surveillance and intrusively snoop on suspected tax dodgers. Most would agree that tax evasion is a very serious issue, which should be investigated by HMRC if there’s a suspicion of fraud and…

Are you planning for your next generation of customers?

As Baby Boomers and Generation X approach retirement, Millennials and Generation Z are fast becoming the new demographic segments for businesses to court. Gen Zers, now entering teenage and young adulthood, in particular are set to dominate when it comes to purchasing power in the upcoming decades. The new generations differ markedly in their consuming habits from their predecessors both in…

Tax saving tips to maximise your start-up’s potential

When you’re first starting out in business, it’s essential that you focus as much of your energy as possible on maximising your start-up’s potential. Your time is valuable, and there are better places to spend it than on time-consuming tax issues. This is why hiring a specialist tax accountant from Tax Agility is so important – we can ensure you’re saving as much money and time as possible, and…

What tax exemptions apply for Christmas gifts, bonuses, and parties?

Christmas is just around the corner, which means it’s time for an annual refresher on the tax exemptions surrounding Christmas gifts, bonuses, and office Christmas parties. Though these rules apply to all businesses, in this article we are going to focus on how small and medium-sized enterprise (SME) owners should think about these employee benefits in order to maximise the value (and fun) for…

Xero Accounting: Update your business

At Tax Agility, we understand the importance of proper finance management better than anyone. With online accounting soon to become mandatory due to the Making Tax Digital scheme (MTD), there’s never been a better time to update your account management. Xero – the right choice Xero Accounting gives you access to timely, accurate and relevant information at a low monthly cost. It’s an…

Digital Tax: what you need to know

October 31 2018 was the deadline for submitting paper self-assessment tax returns. The next deadline (for online submissions) is January 1 2019, then on April 1 2019 the Making Tax Digital scheme (MTD) will make online VAT tax returns mandatory for all businesses above the VAT threshold (£85,000). In less than six months, your taxes will be digital whether you are ready for it or not. As experts…

Potholes to avoid with a new start-up

In a recent post, we talked about five tax-saving tips you need to know if you’re starting a new venture, giving you valuable information whether you’re a seasoned start-up pro or completely new to the entrepreneurial world. In this post, we take it a step further and focus on the potholes you’ll need to avoid to help your start-up flourish during the “growing pains” phase. Avoid mixing 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…