Business

Name: Swindells Chartered Accountants
Address: Wilson House, 48 Brooklyn Road, Seaford, East Sussex, BN25 2DX
Price range: ££

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New rules for declaring self-employment income

The situation regarding self-employment and whether you should pay tax on your earnings can be very confusing. However, for the 2017-18 tax year (running from April 6 2017 to April 5 2018), HMRC have issued some new guidance which may make things easier to understand.

Setting up as a sole trader

When you decide to set up on your own; whether as a freelancer or a one-man band business, you need to be aware of your tax responsibilities. Not only that but you also need to know what you can and can’t claim for, and how to keep your evidence.

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What is due diligence?

It’s likely that you’ve often heard the term due diligence referred to during your time in business, but do you know what it actually means? There are different types of due diligence, as it can refer to commercial, legal or financial activities.

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Why hire a chartered accountant?

When setting up a business, you may not have even considered hiring a chartered accountant, however, failing to take this into consideration could be one of the biggest mistakes you make upon starting out.

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3 key bookkeeping mistakes all SMEs should avoid

If you run your own SME, then chances are bookkeeping is not one of your favourite jobs! For many small business owners it is a necessary evil that takes up lots of valuable time. Of course, it is vital to do in order to keep you compliant with the law and make your annual tax returns easier to manage.

Man looking at computer screen GDPR swindells east sussex tax

THE GDPR: ARE YOU COMPLIANT?

From the 25th of May 2018 new EU laws will come into place regarding the collection and storage of personal data. The Data Protection Directive of 1995 is being replaced and with the new laws come heightened risks and challenges for businesses. Are you compliant?