Here we are again. It only seems like five minutes since we finished filing people’s tax returns for 2019-20 and now we’re ready to start the whole process again for 2020-21! As usual, we’ve produced a handy checklist for clients to work through so they can be certain they’ve sent us all of the paperwork […]
TLC loves – looking after ourselves
April 18, 2021 – 9:21 am
It’s fair to say the last 12 months have been incredibly challenging for everyone. From the Hokey-Cokey of going in and out of lockdown to the additional pressures of changing the ways we work and having children and/or other family members at home, it can feel like there’s been challenge after challenge with very little […]
Less tax, more cash: how to get ahead on personal tax
March 17, 2021 – 3:44 pm
With 5 April looming on the horizon, many people will now be turning their thoughts to the dreaded end-of-year tax bill. It’s a pain point for many, particularly those who fall into the ‘high net worth’ category who can often find themselves hit the hardest. Did you know, however, that with a bit of planning […]
TLC Loves: Reducing Your Corporation Tax Bills
February 18, 2021 – 5:06 pm
If you’re familiar with us here at TLC, you’ll know that we love helping our clients to reduce their corporation tax bills. For many clients the company year-end is fast approaching, so now is the time to take action and save on your corporation tax bill. You’d be forgiven if your eye has wandered off […]
All our Covid-19 updates
January 7, 2021 – 7:00 am
We’re working hard to bring you updates on useful stuff related to running a business or working for yourself and Covid-19. More and more people are asking questions about a variety of things, so we’ve pulled together all of the updates here on one page to make it easier to direct people to the information. […]
Hubdoc vs ReceiptBank – why we still think ReceiptBank is worth paying for
January 5, 2021 – 12:57 pm
If Hubdoc is free, why do we still think ReceiptBank is worth paying for? Here we’ve looked at both apps and explain the reasons why… Time-saving expense apps are worth their weight in gold! As you know TLC loves anything which can save our small business clients time. So using an app to manage your […]
What are challenger banks and why would you consider one for your small business?
December 4, 2020 – 3:49 pm
You might have heard of challenger banks but aren’t entirely sure what the phrase means. So what are challenger banks and why would you consider one for your business? What’s a challenger bank? Technically a challenger bank is any that isn’t operated by the “big four” banking groups – Lloyds, HSBC, Barclays and NatWest Group, […]
Importing and exporting after 1 January – what small businesses need to know
October 19, 2020 – 1:30 pm
Until now, trading with other countries in the UK has been relatively easy. There have been no customs checks, not a huge amount of paperwork and no tariffs on goods. That is all likely to change on 1 January 2021, but exactly how is unclear until a deal is reached – or not reached – […]
IR35 in the private sector – get ready for April 2021
September 30, 2020 – 11:34 am
If you’re a contractor you’re likely to have heard of IR35. It previously only applied to the public sector but after several delays to the timetable, the Finance Bill made it clear that the rules will also apply to the private sector from 6 April 2021. IR35 – the basics For the uninitiated among you […]
What start-ups should claim as expenses
August 18, 2020 – 9:54 am
Starting a business can be an expensive time. Many businesses take time to establish and don’t immediately give the owner a reasonable income, so it’s important that you claim whatever legitimate expenses you can, which will reduce your tax bill. If you’ve formed a limited company you can claim relevant expenses for up to seven years […]