Spring Budget 2017 – First Impressions

Our first impressions on todays budget. Making Tax Digital – no move on the £10,000 threshold – if you earn over that you will have to start filing quarterly accounts on line – but there is a deferment of one year for non VAT registered sole...

What Pimlico Plumbers can teach Yoga Studios

At first glance maybe not a lot.  But Pimilco Plumbers has today lost an Appeal Court Case about employment status for one of its plumbers. Case details are on the BBC and a full summary on the Appeal Courts website.  In this case the dispute was about employment...

Making Tax Digital – HMRC Consultation Response

Back in the autumn we were promised a response from HMRC to their summer 2016 MTD consultations during January 2017. Well the days have gone by, and about 4pm this afternoon an email from HMRC arrived announcing the response was up. Well, its still January, just....

Tax Year End Pishing Scam

With the 31st January Self Assessment deadline on us, what better time for the scammers to try and work their magic? Here is an example of one a client received earlier today. Please be on your guard for scam emails.  Things to look for: Check the sending address is a...

Working Through a Limited Company

Have you ever wondered whether working through a Limited Company may be better for you. In our new guide to the topic, we explore the differences between a Sole Trader and Limited company, and crucially how the tax changes at different bands. For most yoga teachers...

Receipts for Income and Expenses

A question received by email: I’m working as a yoga teacher, and wondering what I do about class receipts.  I’m just starting out, and the advice on HMRC is that you need invoices or receipts for all payments received/expensed, but I don’t know a...

A guide to legalities for Yoga Teachers

We’ve published some new guidance notes today: Legalities of Working as a Yoga Teacher Practical and Legal Obligations of Running a Studio Guide to General Insurance (liability, equipment etc) We hope you find these helpful, and welcome...

Filing Your Own Self Assessment Return

Although many people prefer to use an accountant to prepare their accounts and file their return, some like to do it themselves. Heres our new guide on filing your own return. If you find it daunting, we can help from £200 + vat (sole trader), and yes, we are still...

Christmas Hours 2016

Our office is closed from 3pm 22 December 2016, and reopens 9am Tuesday 3 January 2017. We wish all our clients, contacts and the Yoga community a restful break for Christmas and New Year however celebrated, and thank people for their support over this last year. Once...

A reminder about Scam Emails

If its sounds wrong, or too good to be true, it probably is. This email was received earlier this afternoon, telling me the Insolvency Service was investigating my company for “abuse”. However although it looks plausible, there are a couple of giveaways:...
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