Taxtotal

Login
  • Self employment Bookkeeping
  • HMRC tax return submission
  • Chat support

Taxtotal

Our Blog

Why using accounting software in the UK can help a Self-Employed

Being an entrepreneur is difficult, but this has not stopped people. Over the years, the number of self-employed has risen significantly. There are more than 5 million self-employed in the UK, up from 3.2 million in 2000. People often like to be their own boss, to control their lives, and to have freedom.

How To Join The New VAT Deferral Payment Scheme?

The pandemic has struck the world and has had a massive impact on the economy. Therefore the government had announced that the VAT payments can be deferred. This is part of the government package of support worth more than £280bn. A business that had deferred VAT between 20 March 2020 and 30 June 2020 can now make the payment in installments. Let’s take a look at how to join the new vat deferral payment scheme of HMRC in detail.

How to Apply for Marriage Allowance in the UK?

There are various tax allowances in the U.K to save tax. The UK government’s marriage allowance is one such saving option for married couples or for those in a civil partnership. We will take a look at who can apply and how to apply for a marriage allowance.

When And How To Claim Married Couple’s Tax Allowances?

Once you exceed your personal allowance, you need to pay the tax to the HMRC every year. However, there are a few allowances that you could receive that will reduce the tax to be paid.

The 7 most common fears of starting a business

A lot of people would like to commence a business of their own. However, we all have our own lives and responsibilities, which we have to fulfill. If I leave the job, how will I meet my expenses? What if I am wrong? Will I let people down? Will I get a good job if I fail to succeed in my venture? Every individual goes through all these kinds of thoughts before starting their own business, which pulls back the majority. Fear is not an uncommon thing limited to a few.

What is a SWOT Analysis and how to make it?

A swot analysis is a system used to define your strengths, weakness, opportunities, and threats. It can be done on an individual project or a company. Strengths and weaknesses are internal to the company, things that you have some control over and can change. Whereas, opportunities and threats are external things that are going outside your company where you have little influence.

How to find a name for your business?

It is important to name your business appropriately as it has a huge impact in the long run. A few questions that come to people’s minds are how can I find an appropriate name and what are the important factors while naming. If you are someone who has already commenced a business, you can understand the pain. If you are someone who found the name easily, then I have to say that you are very lucky. Often people face a dilemma while choosing, which is a good thing because it means you value your business. We take a look at some of the common naming techniques that can be used to find a name for your business.

9 important reasons why accounting is important for a business?

Accounting is the process of recording the financial transactions of a business. The process includes summarizing, analysing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. It is one of the key functions of almost any business. The reports generated by various streams, such as cost and managerial accounting, are invaluable in helping management make informed business decisions.

The 5 major challenges of women entrepreneurs.

admin February 22, 2021 7:15 pm No Comments Over the years, most of us have met some aspirational women who have the potential and skillset to become successful entrepreneurs. But eventually, we only see a handful come forward and take a ride with their dream. The ability to build their own economic destiny by becoming an entrepreneur is a dream for everyone. Many of the leading companies of today were once said to be impossible. Today they are a reality because of individuals who believed. Entrepreneurship is open for everyone. However, the challenges for women entrepreneurs are significantly higher.
Scroll to Top

Taxtotal

Login