How to lighten your workload as a contractor
Here at Tax Agility, we believe that managing your financial affairs can be an extra hassle that contractors simply don’t need, which is why our specialist contractor accountants are on hand to lighten your workload and give you that work-life balance you deserve.
What is a contractor?
Contractors are self-employed individuals who have escaped ‘traditional’ company-dictated working hours by…
10 things to avoid when starting a business
According to the Office for National Statistics, just 41.4% of UK businesses survive after five years (Statistical bulletin: Business demography, UK, 2015). There are many reasons why companies fail, from running out of cash to inappropriate partnerships.
Entrepreneurs know that there are many factors contributing to the success of a business, from having a secured financial foundation to…
The complete guide to buying a small business
Buying a small business can be a great opportunity or first step into the world of business without starting from scratch, but there are a few things you need to know before you seal the deal.
Every day in the UK, there are small business owners who are ready to retire or want to change focus, giving aspiring individuals a chance to buy an established business with an existing customer base.…
The complete guide to business funding
Finding the right source of funding is key to the success of every start-up. Learning all about funding, as well as the tips when seeking out a business loan, is vital on the road to growth.
Turning an idea into a business and growing an operation requires money. To help kick-start, sustain, or expand the business, entrepreneurs look to the usual sources of funding including family members, angel…
Tax planning for families
Family tax planning is a smart way to utilise all of the exemptions and allowances legally afforded to you.
In the UK, every individual has a personal tax-free allowance and is taxed independently. This applies to working parents, retired grandparents and also children. Because of this tax structure, it is possible to use legitimate means to reduce the joint size of your family’s tax bill.…
Accounting tips for small businesses
Running a small business is highly rewarding, but accounting and tax compliance are time-consuming tasks, so what can you do?
In 2017, a survey carried out by the marketing research company OnePoll with 1,000 working people suggested that the UK is a nation of budding entrepreneurs. The majority of respondents (54%) said that they wish to become their own boss at some point and maintaining a…
Small Business: managing rising costs
Managing costs is typically a top priority for SME owners, but is cutting expenses that don’t contribute to your bottom line always the right approach?
In 2016, Telegraph.co.uk ran a story stating that the average UK start-up spends £22,756 in its first year on costs relating to incorporation, legal, accounting, HR and general administration; these are the costs to get started. The figure…
Five ways to improve your company’s cash flow
Owning a business is undoubtedly a rewarding experience – it allows you to set your goals and create tremendous financial opportunities, but it can also keep you awake at night especially if cash flow becomes an issue.
As experienced chartered accountants working with SMEs across London, we understand very well some of the trials you face when running your business. To protect your investment…
7 key steps to growing a business online
The internet has provided an immense opportunity for almost everyone to set-up and run a business online, but how do you set yourself apart and grow your online business sustainably?
As an accounting firm in London working with many SMEs, we have witnessed the tremendous opportunities that the internet has provided for our clients. It isn’t just a young person’s playground either – the assumption…
Everything you need to know about corporate tax
While corporate tax may seem overwhelming, particularly if it’s new to you, it really pays to know how it works and what you can do to lower your tax bill legitimately.
Corporation tax is something that most businesses and organisations need to pay; and the most prevalent of which are limited companies. However, it also applies to foreign companies with UK branches, as well as co-operatives,…