Is complacency the real reason why businesses fail?

You’re probably thinking, “Oh no, not another one of those ‘why businesses fail articles’”. This article is certainly about why businesses fail, but this one is looking at the issue from a slightly different point of view. You see, the pandemic, for all its downsides, affords us a view of business issues from an accelerated lifecycle perspective. As an…

An update on COVID-19 support available to small businesses

As the daily number of people tested positive for COVID-19 continues to rise across England, many businesses and self-employed individuals are bracing for tighter restrictions. (Updated on 7 November 2020) On Friday (30 October), as the Furlough Scheme was coming to an end, we wrote this blog to talk about the Job Support Scheme (JSS) and other measures. But a day later, Prime Minister…

Accountants in Putney serving local businesses and individuals

We are TaxAgility,  longstanding accountants serving the businesses and people of PutneyLooking for an experienced and reliable small business accountant in Putney? Then look no further. The highly experienced team at TaxAgility believe in getting to know each and every one of our clients as individuals. We will manage your financial affairs in the most efficient way for you, saving you time…

Small businesses VAT services

Small businesses VAT services As a small or medium sized business (SME) owner, navigating through the VAT scheme by yourself can be baffling and you may inadvertently over or under pay your VAT. This is why at TaxAgility we have a suite of VAT Services designed to suit your small to medium sized business. We can: Advice on the best VAT strategy for your business Provide VAT registration…

Small businesses tax services

Small businesses tax services“What taxes do I have to pay?” is a frequently asked question by Small Business Owners. Depending on your circumstance, you may be liable for Income Tax, Self-Employment Tax, Sales Tax, Corporate Tax, VAT, National Insurance – either one or usually a combination of a few from the list above. At the same time, you may have overlooked tax credits which…

Helping small businesses during this COVID-19 pandemic

The UK government has announced measures to support companies affected by the Coronavirus COVID-19 pandemic, learn what the measures are and how you can get assistance. Many countries in the world have announced drastic stimulus measures to keep companies afloat and help people stay employed. In the UK, the government has also announced a string of measures. Quite a few of these announcements are…

Accounting tips for small businesses

Running a small business is highly rewarding, but accounting and tax compliance are time-consuming tasks, so what can you do? In 2017, a survey carried out by the marketing research company OnePoll with 1,000 working people suggested that the UK is a nation of budding entrepreneurs. The majority of respondents (54%) said that they wish to become their own boss at some point and maintaining a…

Annual Investment Allowance explained: Tax relief for small businesses

The Annual Investment Allowance (AIA) is a form of tax relief that allows businesses to claim 100% of expenditure on specific categories of machinery and plants. The allowance is intended to encourage small to medium-sized businesses to invest, with a vision to stimulate growth in the UK economy. 
What has changed? The government has recently made a sizeable increase to the claim allowance, from…

Last minute GDPR preparation for small businesses

GDPR is a hot topic these days and rightly so. 25 May 2018 is the day the new EU General Data Protection Regulation swings into full gear, and with it come hefty fines to those who are found non-compliant. We’re excited to be GDRP compliant ourselves, and as your small business accountants, we encourage you to take preparations seriously too. With just over two weeks to go, here’s your…