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Molti blog

Cash accounting becomes the default for sole traders

Cash Accounting Becomes the Default for Sole Traders

by Terry Phillips | May 13, 2024 | Cash Accounting, accountancy, Accountants, bookkeeping, Business Owner, Chester, Family Business, hmrc, Income, Income Tax, Self employed, Self-Assessment, Sole trader, tax, Tax return, Trading Expenses

As of 2024, a significant change has been implemented in the way you manage your accounting: cash accounting is now the default method for your business.

Are you missing out on a tax refund?

Are You Missing Out on a Tax Refund?

by Terry Phillips | May 8, 2024 | tax, accountancy, Accountants, Chester, employee, Employer, hmrc, part time, PAYE, Self-Assessment, tax rebate, Tax return

It’s a question that likely pops into every UK employee’s mind at some point: “Am I paying the right amount of tax?” This blog will delve into what is often an overlooked subject, and explain what tax codes are, how they work, and how a simple check could mean a nice tax refund.

Understanding payments on account

Understanding Payments on Account

by Terry Phillips | Apr 28, 2024 | Payments on Account, accountancy, Accountants, Business Owner, Chester, director, Employer, hmrc, Income, Income Tax, Influencers, Self employed, Self-Assessment, Sole trader, tax, Tax return

Navigating Payments on Account can feel daunting for self-employed individuals. This initial instalment of our self-assessment series aims to clarify this frequently misunderstood part of the tax system.

Navigating self-employment national insurance

Navigating Self-Employment National Insurance

by Terry Phillips | Apr 22, 2024 | Self employed, ACCA, accountancy, Chester, hmrc, Income Tax, National Insurance, Self-Assessment, Sole trader, tax, Tax return

As a self-employed professional in Chester, understanding National Insurance Contributions (NICs) is crucial for accurate tax calculations and avoiding future surprises. Let’s break down the nuances of Class 4 NICs:

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Sollicitudin ac orci phasellus egestas

by Terry Phillips | Dec 29, 2020 | Business, Uncategorized

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut...

Risus sed vulputate odio ut enim blandit eiu tempor incididunt

Risus sed vulputate odio ut enim blandit eiu tempor incididunt

by Terry Phillips | Dec 22, 2020 | Business, Featured, Uncategorized

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut...

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Adipiscing vitae proin sagittis nisl rhoncus mattis

by Terry Phillips | Dec 22, 2020 | Uncategorized, Website

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut...

Dictum fusce ut placerat orci nulla pellentesque

Dictum fusce ut placerat orci nulla pellentesque

by Terry Phillips | Dec 22, 2020 | Featured, Uncategorized, Website

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut...

Volutpat commodo sed egestas egestas fringilla phasellus

volutpat commodo sed egestas egestas fringilla phasellus

by Terry Phillips | Dec 22, 2020 | Business, Uncategorized, Website

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut...

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Id neque aliquam vestibulum morbi blandit cursus

by Terry Phillips | Dec 22, 2020 | Uncategorized, Website

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut...

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