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Make sure you have a tax efficient remuneration pl

Make sure you have a tax efficient remuneration plan for your limited company, including making use of the £2,000 tax free dividend allowance.

www.realisefinance.com

Give it a go! The new year is approaching fast, an

Give it a go! The new year is approaching fast, and with it comes a lot of motivation for small business owners to have a fresh start with their ideas.

If you have always wanted to start a small hobby business, don't be scared, go for it!

You have a trading allowance where you do not have to declare your earnings for the first £1,000 you turnover. If you go over this, you will need to declare the income.

Any questions, send us a message! We will always help small start up businesses with set-up advice, free of charge🎄

Grow the knowledge of your business by subscribing

Grow the knowledge of your business by subscribing to a magazine in relation to your trade - it's tax deductible if it's purely for business use!

How can a professional registered office benefit y

How can a professional registered office benefit your limited company?

Having a professional registered office will mean your personal address is now shown online. Data is important to be kept private nowadays, and with a quick name search your personal address can be very public.

We offer a registered office address to our clients, at an affordable cost, including all mail forwarding/scanning.

We partner with lots of different businesses, to h

We partner with lots of different businesses, to help bring more benefits to clients as well as build a strong network.

Three of our favourites below💪

TIDE: https://www.tide.co/partners/realise-finance-ltd/ @tidebanking

OKPayroll: @ok_payroll

Penfold: https://getpenfold.com/refer/williamblower @getpenfold

And many more... have you looked at partnerships you could make in your specific sector?

Looking for a tax saving? A really simple one is t

Looking for a tax saving? A really simple one is to claim for your annual eye tests (and potentially your glasses too) as a limited company director.

We are sure Santa does this, however he does wear his glasses all of the time (outside of work) so would not be able to claim for them.

Any questions, let us know!

The winner of our charity donation giveaway was @s

The winner of our charity donation giveaway was @sashaebright - please let us know your favourite charity and we will donate £41 to them☺️

As a business owner, do you have a pension? If so,

As a business owner, do you have a pension? If so, brilliant! If not, here's why you should consider one...

× Saving for your future, with no minimum commitment (e.g. just invest £1!), With a 25% government contribution from HMRC on your deposits

× A pot that will grow with you until you are minimum aged 55, when you can then take the pension in a tax efficient manner.

× Corporation/income tax reductions based on contributions. E.g., contribute £10k from your limited company to your directors pension scheme and you will receive £1,900 off your corporation tax bill! This would therefore be a net cost of £8,100, and you'd end up with £12,500 in your pension pot from HMRC. There isn't a much better investment than this.

× Many more benefits such as specialist pension planning in the future, through the use of property purchase and rental back to the limited company.

A popular pension we see among clients is Penfold, who offer a self-employed pension scheme that is super easy to use, all based on their app, and tracks your HMRC contributions almost instantly. You can sign up here with Will's referral link, or just download the app: https://getpenfold.com/refer/williamblower

Have you considered the Kickstart scheme? This is

Have you considered the Kickstart scheme?

This is a government scheme, aimed at getting young people into work.

For the business, this means receiving a grant equal to 25 hours per week at minimum wage, to cover payroll costs, as well as an initial £1,500 grant to help with setup/training/equipment costs.

For the employee, this gives an individual an opportunity to work in a company in an industry they are interested in, gaining invaluable experience and training.

Applications for the scheme close on 17th December 2021.

If you need any advice regarding this, please get in touch.

A fun little example for a Wednesday! But in all

A fun little example for a Wednesday!

But in all seriousness - are you recording your business mileage? This can be a massive tax saving!

10,000 business miles per year will equate to a taxable deduction of £4,500 (if travelled by car). This works out at a corporation tax saving of £855.

Are you claiming use of home? This is a weekly al

Are you claiming use of home?

This is a weekly allowance, claimable in one yearly sum, on either your personal tax return (depending on circumstances) or your limited company.

Get this right, and you're looking at a minimum tax saving of £59.28 (MINIMUM!).

Things like this really do add up, and we've got a whole load of tax saving tips.

Are you holding a Xmas party for your staff? As l

Are you holding a Xmas party for your staff?

As long as this doesn't exceed £150 per head, this is completely tax deductible!

This party could be held at your own premises, whereby the costs associated would be added up and as long as they do not exceed £150 per head, you will be able to claim this as a tax deductible expense.

Remember, all employees need to be invited and the event actually needs to take place.

Are you making use of your personal allowance? We

Are you making use of your personal allowance?

We reckon Santa will pay himself a tax efficient salary... Make sure you do too as this allowance does not roll over and is all tax free!

Speak to your accountant who will illustrate the most tax efficient remuneration package for your business.

Our Christmas Giveaway is a little bit different..

Our Christmas Giveaway is a little bit different...

We will be making a donation to a charity of YOUR choice.

£1 for every like
£2 for every story share

A winner will be chosen from the likes, and we will donate to the charity of your choice!

Ends 13th December 2021.

Welcome to December! Every weekday leading up to

Welcome to December!

Every weekday leading up to Christmas, we will be posting a tax tip or piece of advice for you!

Keep your eyes peeled👀

Another post today?! It's a big announcement... W

Another post today?! It's a big announcement...

We are moving offices on the 13th December (Good job it's not a Friday this year)

We look forward to welcoming you all, our door is always open!

Are you starting a business? Or simply have an i

Are you starting a business?

Or simply have an idea but don't know where to start?

We are here to help! Completely confidential, free advice, to start-ups and those with a vision🌟

Get in touch!

One favourite way to be described is 'Pro-active'

One favourite way to be described is 'Pro-active' and this is one of the many reasons clients switch to us...

P.s. do you read our posts? The first three people to share this post on their Instagram story and tag us will receive a free £5 Amazon voucher today!

(Employees not included🤪)

We are often asked what records a business needs t

We are often asked what records a business needs to keep, and how long for.

The list above isn't extensive, but gives a great foundation to what you should be keeping hold of.

We would always recommend a digital storage system, potentially making use of the cloud!

However, we also have clients who love the traditional record keeping system, and this works too.

In terms of time kept - for limited companies, keep your records for 6 years from the end of the last financial period that they relate to. For self employed, keep your records for 5 years after the 31 January submission deadline for the relevant accounting period.

It's lunchtime, take a break! Get some fresh air

It's lunchtime, take a break!

Get some fresh air and relax your mind, this will help the ideas flow!

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address

Gloucester House

23a London Road

Peterborough, PE2 8AN

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