Author Archives: admin

How much should you pay yourself from your limited company before you get taxed?

With much fanfare, the personal allowance from 6 April 2013 was increased to £9,440.  This means for the average employee, they will pay 0% tax on earnings up to [..]

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Tax ,

Have you claimed the research and development tax credit in your business?

There are lots of tax breaks that companies don’t take advantage of.  Mostly because they don’t know they are available or it seems too time-consuming to sort out. A [..]

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Business, Tax ,

Make sure you claim back the expenses that you charge your customer

A very easy way of paying slightly more tax than you need to is if you run a business that charges your customers expenses. These expenses could be anything from [..]

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Accounts, Tax ,

Dealing with HM Revenue & Customs yourself can damage your health

Dealing with HM Revenue & Customs is something that we do for all our clients.  Whether a client is a small business or a large business, speaking to [..]

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Tax ,

Dial 999 for tax and accountancy emergencies….

Its always struck me as strange that the accountancy industry (like most financial professional professions) close at 5.30pm. What do you do when you really need to speak [..]

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Accounts, Business, Tax ,

Margaret Thatcher, Alex Ferguson and leadership

An interesting comment tonight on my favourite (only) television program – ‘This week in politics’ Michael Portfolio was remembering how he had to be fully prepared and briefed [..]

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Business, Directors, Entrepreneur

How to get a ‘time to pay’ payment plan with HM Revenue & Customs

In 2008, the government introduced the ‘time to pay’ scheme.  This was to enable businesses to receive a payment plan on outstanding PAYE/NI or VAT.  It was implemented [..]

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Accounts, Business, Planning ,

Is all accounting software going online?

Last July, I blogged about the different accountancy packages out there….. http://www.rsaccountancy.co.uk/blog/which-accountancy-package-should-you-use-in-your-business/ Since then, I’ve had a real surge of interest in the online package – Xero.  There [..]

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Accounts , ,

I thought everybody loved Apple but apparently not…….

I’ve recorded a special message today on our YouTube channel. You can see it here….. http://www.youtube.com/RussellSmithtips   So, I’m now getting calls from clients saying that they don’t [..]

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Tax

Get your tax return in, get an Apple Ipad 3 (with retina display!)

Competition alert! This year, for all our clients, if you send us your personal tax return information by 31 May 2013, you will be entered into a prize [..]

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Accounts, Tax