Data Protection and GDPR

We’ve added – a bit late sorry – some guidance around GDPR and Data Protection, in light of the new rules from 25 May 2018. The guidance in this document is aimed at individual teachers and small studios.  Please remember we are accountants and...

Reprieved class 2 NICs

Threshold and contributions up before 2019 abolition. It was announced earlier in November that the government has chosen to delay the abolition of class 2 national insurance contributions (NICs) by a year until 6 April 2019. For 2018/19 the small profits threshold...

Making Tax Digital another step nearer

VAT to be all-digital from April 2019. The chancellor has announced the passage of enabling legislation in the Finance (No.2) Act 2017 allowing, subject to secondary legislation, for HMRC to require businesses to keep records digitally. VAT is the only area that must...

Budgeting for a Yoga Teacher

We all have different strengths and weaknesses.   Mostly – but not always – Yoga Teachers come to the job from other walks of life, and some will have a good grasp of finances, some less so. A question that comes up sometimes is budgeting and forecasting, as part of...