03 Jul 2018

The Beginners’ Guide to Using Direct Debits in Your Business

In this article, the Sunny Accounting team will explain what a direct debit is, how they work, and how you can incorporate them into your working practices.

02 Jul 2018

Why you should choose a contractor-friendly accountant

In this article, we will guide you through the benefits of a contractor-friendly accountant – so you aren’t left out of pocket.

27 Jun 2018

The right to work scheme – avoid a £20,000 penalty

As an employer, you know you have a wide range of obligations to meet before you can start adding new staff to your company.

19 Jun 2018

Does commuting time affect your employees?

Whilst you may be doing everything you can to keep employees happy and engaged at work, the hours around the working day spent travelling could be negatively impacting their overall wellbeing. So why is that any of your business?

18 Jun 2018

Understanding Benefits in Kind

Many employers, perhaps yourself included, like to add a little something extra on top of your staff’s pay. These perks are known as Benefits in Kind and, if you give them to your staff, they could have a huge impact on your tax bill.

12 Jun 2018

4 bad things about KPI

How can something that measures success lead to so many headaches? KPIs are used in businesses up and down the country but they can be abused just as easily as they can be used.

05 Jun 2018

Cashflow forecasts – expect the unexpected

Managing your cashflow is one of the most important things you do for your business. These helpful forecasts allow you to essentially see into the future; predicting the movement of money in and out of your business so you never run out of money unexpectedly.

04 Jun 2018

How contractors can create a network of contacts

It’s not what you know, it’s who you know. This is a saying you’ve no doubt heard as a self-employed contractor, but how much truth is there behind this?

29 May 2018

What can an apprentice bring to your business?

Apprentices offer your business real raw talent at a much lower cost than a normal employee. The process of hiring an apprentice is simple and the benefits can be significant.

25 May 2018

HMRC beaten in IR35 case

A limited company contractor has successfully overturned an HM Revenue and Customs IR35 ruling at a first tier tribunal.

25 May 2018

Stamp duty on additional property

Stamp Duty was implemented in April 2016 as an attempt to reduce the number of buy-to-let landlords in the UK.

14 May 2018

Turn your hobby into a business

Everybody has their passions outside of the office. But just how can you turn your hobby into a fully-fledged business capable of supporting you and your family? Many people dream of doing what they love for a living, no matter how happy they are with their day jobs.

07 May 2018

What does an accountant do?

We don’t have the exact figures to hand but we reckon that nearly half of the people who visit our website run their own business but that they’re doing their own books. How do we come up with that figure?

07 May 2018

Inheritance tax – unfit for purpose?

Inheritance tax is something that Sunny Accountants is well-known for providing expert advice on in the Ashfield and Mansfield areas.

30 Apr 2018

Systematise your business through technology

Taking full advantage of technology is something that many business owners still aren’t doing.

23 Apr 2018

Business credit and debit cards

Nearly every individual in the UK has a personal debit or credit card. So, why not have one for your business?

23 Apr 2018

Bad debts and corporation tax

Many businesses face problems with their clients paying their invoices late, but what do you do if they can’t pay their debt to you at all?

16 Apr 2018

Payroll - the basics

Every business needs to pay its employees – sadly, there’s no way of getting around that!

09 Apr 2018

Flexible working – is it worth it?

A normal 9-5 isn’t everybody’s preferred way of working. However, there are other employment options that you can provide to your staff if they are unhappy with their current working situation.

09 Apr 2018

Tax, profit, and the self-employed

It’s a common misconception that if you’re self-employed and earn below the £11,850 personal allowance threshold, there’s nothing to pay when send your Self Assessment in.

02 Apr 2018

VAT threshold at £25,000?

In his Spring Statement 2018, Chancellor Phillip Hammond invited small businesses to share their views on the current VAT threshold.

26 Mar 2018

Becoming a limited company – the pros and cons

Changing your business status from sole trader to limited company is called incorporation and is an important step in any business’s development.

26 Mar 2018

HMRC increase collections from small businesses

Small businesses are the backbone of the economy. They provide a large amount of jobs and a combined annual turnover of £1.9 trillion.

19 Mar 2018

Making Tax Digital VAT penalties

Making Tax Digital is coming – a brand new way of filing your tax returns and making payment for them. So is a brand new system of fines and penalties for late VAT submissions.