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Need-to-know information and honest opinion
Our blog posts are inspired by real questions from real clients, by breaking developments in tax and finance, or simply by things we need to get off our chests. You’ll find explainers, intelligent commentary and forthright opinion pieces, on everything from the Budget to the business expenses. It’s all designed to put you in the know so you can make smart decisions, or to get you thinking. And if there’s something you’re curious about that’s not covered here, drop us a line and we’ll see what we can do.
How to shield your estate from inheritance tax
2020/21 saw the second biggest inheritance tax take ever and projections suggest it will bring in more and more. How can you reduce your inheritance tax bill?
10 big mistakes for tradespeople
There are a few common mistakes to avoid if you want to take your trade business to the next level, from costing poorly to neglecting your professional image.
Capital gains tax: is your tax bill set to rise?
Capital gains tax receipts are on the rise, reaching a new record level for the last tax year according to the latest HMRC statistics. Should you be worried?
Claiming company cars
The company car is one of the most convenient benefits you can offer, and business owners can deduct some, or in some cases all of the cost before tax.
What’s on the roadmap for Making Tax Digital?
Making Tax Digital is marching on, with new developments planned for VAT reporting, income tax and eventually corporation tax. Here’s how you can prepare.
Mastering gross margin
As a business owner, there are a handful of figures you should know about your business in order to make good decisions. Your gross margin is one of them.
How do I change my accountant?
How do I change my accountant? Is it worthwhile? Is it stressful? We don’t think so, see our simple guide to get started.
I’m self-employed – how on earth do I go about buying a house?
The UK mortgage system is set up for people with regular paycheques, presenting a minimum risk to lenders. So what are your options for getting on the housing ladder if you’re self-employed?
Dealing with the bad days in business
If you listen to entrepreneurs on social media, you’d think every day was perfect, but we all know that’s not true. Here are some practical strategies I’ve learned to manage the difficult days in business.
Top five tips on recordkeeping for your business
Recordkeeping is the bane of the business owner, but our five tips will turn the tedium into something effortless
Xero vs QuickBooks: which is the best cloud accounting package for my construction or trade business?
We’re big fans of cloud accounting software here at Mayflower and especially of QuickBooks Online and Xero – but the best one for your firm will depend on various factors.
What’s your “why” (the European Super League shambles story)
Why 72 hours of an utter shambles around the European Super League has reminded me of my “why” in business
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