Skynet, are we getting closer?

Skynet, are we getting closer?

I really enjoy the Terminator franchise, in all its versions, but I’ve never been worried that it was a realistic prediction of the future. Even though I REALLY love a gadget, so far I’ve been unimpressed by Artificial Intelligence [AI]. I can never get Siri or Alexa...

What do I need to know when I start a Limited Company?

Once you decided which structure you’re going to use for your business it’s time to register with all the necessary authorities. Here’s how to do it if you’ve chosen the Limited Company option. Forming a Limited Company The first thing you need to do is incorporate a...

Allowable Expenses

All businesses pay tax based upon what profits they make, once the profit is calculated the relevant tax rate is applied to this to calculate the amount of tax due. To arrive at a profit a series of allowable costs are deducted from the business’s turnover. The rules...

PYE2 Get Ahead Checklist

These days it’s very important to plan ahead when your year-end comes around. Many opportunities for tax planning simply disappear once the year end date slips by. We’ve set out below the important areas for consideration below along with the reasons why, we call this...

What is my gross profit percentage?

It’s really important to know what your gross profit percentage is to make sure you are making enough on each sale. The trouble is accountants and business owners seem to have language issue here and Gross Profit Percentage and Margin [or Mark up] get mixed up. Let’s...