Category Archives: accounting

Sole Trader? 11 easy steps to incorporation

Many sole traders can legitimately establish a personal company and bill their clients through their company.  By paying corporation tax at 20% and taking a modest wage plus dividends from the company, a sole trader can save on income tax and National Insurance contributions, and possibly keep child benefits. However, caution is needed if you

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Creativity – Every good accountant has it

Creativity – Every good accountant has it Ok, let’s face it; Accountants have the reputation for been a bit on the dull side.  When someone thinks Accountant, seldom does creativity come to mind.  However, creativity is an essential ingredient of every good Accountant …..why? Your accountant should come up with fresh ideas for overcoming financial

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What are your 2015 Budget predictions?

What are your 2015 Budget predictions? On Wednesday, 18th March 2015, the Chancellor George Osborne will announce the details of his 2015 Budget.   He will be addressing the House of Commons at around 12.30pm – has his time run out? It’s his last opportunity before the general election in May to make changes that will

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Should I Incorporate or remain a Sole Trader?

 Should I incorporate or remain a sole trader? By Sharron Fletcher CTA, partner at RAE Business & Property  I was asked at least three times this week by sole traders, ‘Should I incorporate?’. Sometimes the answer is fairly straightforward, like the time a sole trader who had just started his business and wasn’t sure whether

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Are you self-employed?  Find out what you can claim tax relief on

8 common expenses the self employed can or cannot deduct for tax Once I tell someone that I’m an accountant, the most common question I get is ‘is this claimable as a tax expense?’  So, as a helping hand, this blog provides information on 8 of the most common expenses that a self-employed person can

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Want to make money from property? Know your enemy

Want to make money from property?  Know your enemy …. Whether you are a property investor or property developer, you will face an array of taxes.  If you do not plan for these at the upfront, you may face a nasty surprise at the end of that property development or investment that your thought would make

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The Joys of Cloud Accounting

 RAE BUSINESS & PROPERTY SERVICES  Introduction I’ve recently discovered the world of cloud accounting and I want to spread the word.  Too many SMEs are continuing to use desktop accounting software inefficiently and paying too much as well.  An efficient accounting system will help small business owners to reduce their fixed cost base and improve

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