Making Tax Digital

In the Budget iscuocument, they announced  plans to “introduce digital tax accounts for all 5 million small businesses and the first 10 million individuals by early 2016” and alongside, published a document entitled ‘Making tax easier’. The results of more regular reporting is likely to be more frequent payments and in fact in the most recent Budget 2016, it stated that…

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The Budget red briefcase
Budget Report 2016

This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. Throughout this guide we have included tips and ideas to assist you with effective tax and financial planning. However, it is important to understand that planning is…

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Limited Company What’s Hot

Limited Company What’s Hot and What’s not! Ferrum London managing director Jacqueline McGregor talks you through all you need to know about your company status. The thought of becoming a limited company can leave new entrepreneurs quaking with fear and confusion, but it need not. So how do you make that decision when you’re first starting out? Let’s look at the upsides…

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Man with start up tee shirt and wings
Ferrum London tax deadlines for your business

Dates for your diary Starting a new business can be daunting. The thing we fear the most is all the paperwork that needs to be prepared in order to not get in trouble with the taxman. Let’s face it, even the word tax man sounds scary. Ferrum London finance director Jacqueline McGregor shares need-to-know tax deadlines you need to be aware of…

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HM Revenue and Customs sign

Whether you are a sole trader or a limited company you have to register for VAT once your business turnover reaches £83k you have to register for VAT. SMEs can register for VAT voluntarily, even if their business doesn’t turn over the minimum level at which it becomes obligatory. Why would you? May be the question, on the lips of many…. Not…

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