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…
Run a Better Business with Accountants for Hotel Owners
Late to bed and early to rise, running a hotel is no piece of cake. It requires a lot of hard work and dedication, and with the holiday rush, summer is an overwhelming season for many hospitality businesses. At Tax Agility, we believe too much business should never be a bad thing. With offices located conveniently throughout London, we’re here to help your hotel run smoothly even when there’s too…
Are you aware of the tax rules for corporate gifts?
Buying gifts for clients or associates can be a great way to express gratitude for their business or their hard work. However, to avoid HRMC repercussions, it’s important to know how much you can claim on expenses and the types of gifts you can claim.
Tax Agility are a team of chartered accountants who can advise you on how to approach the tax rules to give you the best outcome for your…
Understanding the Tour Operators Margin Scheme
The Tour Operators Margin Scheme (TOMS) is used to calculate how much VAT travel businesses in the UK need to pay on certain holiday sales. Like many other EU-wide regulations, the future of the scheme is uncertain after Brexit. Just last month, chief executive of the European Tourism association (Etoa), Tom Jenkins, spoke to the EU parliament’s committee on transport and tourism, calling for…
What’s the hardest thing about starting a new venture?
A study commissioned by Virgin Money asked 500 entrepreneurs what the hardest thing about setting up a new business is. Taking time off for holidays, working long hours and not having much disposable income came out on top, but struggling to keep accounts up to date and managing finances effectively also made it into the top 30 challenges.
Challenges of starting a new business
According to…
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 Tax Digital pilot is now open to all self-employed UK taxpayers
Join the government’s pilot and start sending regular income tax updates through HMRC’s Making Tax Digital system, if you’re self-employed.
The tax authority’s Making Tax Digital (MTD) system will be rolled out in 2020, and last year a limited pilot program was launched to test the new digital system that will require businesses to report taxes digitally. The pilot has now been extended to all…
Why millennials should matter to SMEs
From supporting a cause to making your website mobile-friendly, here are four suggestions on how small businesses can attract millennial consumers.
Since the term millennial first started taking off, the oldest members of the generation have grown from tech savvy teens to digitally-connected adults now in their mid-30s with jobs and purchasing power. SMEs are missing out on big bucks if they…
A personal tax return service for Putney residents
Situated conveniently on the river and with many transport links, Putney is great place for businesses. Part and parcel of having your own business is ensuring that you complete your taxes on time. Tax Agility are chartered accountants in London that are experts in dealing with your personal tax returns. We offer a tailored and comprehensive service that is perfect for Putney residents and is…
A personal tax return service for Richmond residents
Richmond residents, according to an Office of National Statistics survey, have the highest life expectancy in Britain, with the number of residents over 60 expected to increase by more than 18% by 2021. This rise in life expectancy has been anticipated to cause an increase in small businesses, with people deciding to make that leap in order to make a living after they have retired from their…