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.

12 Mar 2018

Preparing a cash flow forecast

Cash flow is the way that money comes into your business and typically, cash flow is either smooth, or it’s lumpy.

26 Feb 2018

The credit card payment levy debate

It’s nearly two months since it became illegal to charge for the use of credit or debit cards when making payment.

26 Feb 2018

Inheritance tax shake-up?

Inheritance tax is something that Sunny Accountants has written about extensively over the years. Given the knowledge that exists within the company, we’re always being approached by individuals concerned about the level of tax their estate could end up incurring and wanting our help to protect their legacies.

19 Feb 2018

No spring tax surprises – and that’s official

This Spring, Chancellor Phillip Hammond has changed the way that government Budgets are delivered and presented. Previously, UK taxpayers “enjoyed” both a Spring and an Autumn budget. However, starting in March 2018, this will change – the Budget will be presented once a year, in Autumn.

12 Feb 2018

Company car tax changes

Lots of changes to company car taxes are coming in the next few years and I’m pretty certain you can guess that it’s not good news.

05 Feb 2018

Tax changes for contractors

There are three big changes coming for contractors in the next 12-15 months. Regrettably, none of them are good.

05 Feb 2018

Alternative finance options for start-ups and solo entrepreneurs

If you’re an entrepreneur trying to fund your start-up, you know how difficult it is to secure venture capital for your ideas.

29 Jan 2018

Tax and qualifying loans

The Income Tax Act of 2007 (ITA) sets out what ‘qualifying loans’ are for income tax purposes. On qualifying loans, any interest paid on the loan can be tax deductible.

22 Jan 2018

Making Tax Digital – what we know now

Making Tax Digital is the biggest change to the UK taxation system and it’s been the longest time in coming.