Monthly Archives: September 2013

HMRC Introduces New Webinar For The Newly Self Employed

Last month, HMRC produced a new 20 minute video webinar designed to give an all encompassing guide for those considering starting out on the road to self employment. The guide covers the basics of business structures, registering with HMRC, types … Continue reading

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Dave Flatley Joins The Praxis Team

As of this week, Praxis Accountancy are pleased to welcome Dave Flatley, as head of media and online promotion. Praxis are very much about ‘getting the word out’ to small business owners, and those looking to grow their business beyond … Continue reading

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Deadline For Manual Self Assessment Tax Returns Just Weeks Away

HM Revenue and Customs (HMRC) has issued a reminder to anyone filing a Self Assessment tax return this year – from 2008, the is a 31 October deadline for paper returns, and it’s only weeks away. Previously, both paper and … Continue reading

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Home Business Mortgages. The Basics

Often, when we work from home, our house will have a dual purpose, as both a business premises, and a personal residence, so how does this affect our mortgage? The simple answer is that, in most cases, it won’t. Although … Continue reading

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Tax Credits. Are They For Me?

Everyone has heard of Tax Credits. We’ve all seen the Inland Revenue publicity, but the usual reaction is; “That won’t apply to me. I earn too much” or “It’s not worth applying. The Government never give anything to people like … Continue reading

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Working From Home. What Can We Claim?

  In these times of the dreaded credit crunch, the more money we can save on our tax, the better. One thing that any small business owner will need to know is; “What expenses can I claim for running my … Continue reading

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When Do We Need To Register For VAT?

There are many misconceptions, amongst new business owners, as to when they should register for VAT. There is, however, no legal requirement to do so, until the business turnover exceeds the registration threshold (currently £79,000). It is possible to register for … Continue reading

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Deciding The Best Structure For Our Business

One of the fundamental questions when starting a new business is; “Should I run my business as a sole trader, partnership or limited company?” The Government have, in recent years, been herding us all in the direction of the limited … Continue reading

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How Do We Run A Car Or Other Vehicle Through The Business

One area that most new business owners need to know about is how to run a vehicle The answer to this will mainly depend upon whether you are running the business as a sole trader or a limited company, as … Continue reading

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What Do We Do About PAYE / NI Now That We’re Self Employed?

As of April 2011, from commencement as a self employed person, you will be required to pay Class 2 National Insurance, which can now be paid either monthly or six monthly. This is paid at the equivalent rate of £2.65 … Continue reading

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