So – you’ve signed up with Xero Accountancy software! Excellent news! But … that’s just the first step. Taking on a brand new accountancy software platform isn’t a decision you’ll have taken lightly. Numerous questions will cross your mind – How to use Xero? How to install Xero? How to do Xero reconciliation? How to […]
You’re self-employed? Then grab your second and final HMRC Covid-19 grant while there’s still time
Good news for the self-employed! You’ll be both pleased and relieved. The Government is extending its Self-Employment Income Support Scheme (SEISS) and will pay out another single grant covering June, July, and August. In making this announcement just the other day, the Chancellor, Rishi Sunak, confirmed that this would be the final such payment. How […]
Flexible Furlough – all you need to know in 7 steps
Recently, the government published guidance on the flexible furlough scheme which has been in force since July 1st. Let’s look at the key details. 1. Who is eligible for flexible furlough? Your employees are eligible if they’d been furloughed for at least three weeks prior to June 30th under the old scheme. The exceptions are where parents […]
Not so much a networking event … … more a Tea Party
Did you know – we hold regular networking events? They’re informal, fun and friendly – but they’re good for business too. Rather than shout about them myself, I recently asked Stephen Church of Copywriter Pro to describe his experience of the Mad Hatters Tea Parties. For me, one of the joys of working as a […]
VAT Changes for the Construction Industry
The Coronavirus crisis is hitting almost every business – almost certainly including yours. For many, despite the difficulties and challenges, business must and will go on. So – we’ll still be publishing articles, like this one, to keep you up-to-date with the very latest business news. Are you a VAT-registered sub-contractor? If so, then from […]
Are you appealing? Maybe you should be – HMRC fines can (sometimes) be reversed
Have you been hit in the last few weeks by an HMRC penalty? Maybe you were late in submitting your self-assessment. Perhaps you delayed by your tax beyond the January 31st deadline. Either way, no-one enjoys paying fines and maybe – just maybe – in your case, the penalty is unjustified. Of course, it all […]
How much will you be forking out to HMRC in penalties this year? Self-assessment late filing & payment penalties – they’re not pretty
March 1st. The phone at Mad Hatters Accountancy rings. As is so common at this time of year, it’s a nagging, urgent kind of ring – almost panicky. We just know what’s going to happen next – “Mad Hatters Accountancy – how can I help?” “You’ll never believe what’s happening! Surely they can’t do this […]
Limited Companies – what expenses can they claim?
In our last blog, we looked at the kind of expenses you can claim against tax when you’re self-employed. This month let’s look at Limited Companies. If you’re a Director of a limited company, then, of course, this is something your company needs to get right. After all, with a close understanding of the allowable […]
I’m a sole trader – what expenses can I claim as a business expense?
That dreaded January 31st self-assessment deadline is approaching fast – but stop worrying! There’s nothing to fear. Your friendly self-assessment expert at Mad Hatters is at hand. All you need to do is pick up the phone and we’ll get you started, Today’ blog is a quick-and-easy way to get you kick-started. As a sole […]
Your local accountant – your superbly networked friend Make the most of your accountant’s network. Then build your own!
Being a solo professional or even an SME can be a lonely business, particularly when you’re starting off. You often find yourself immersed, beavering away in your tiny bubble, often oblivious to the outside world. In the early days of your business, this is perfectly natural. After all, there’s so much to do and most […]
