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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?
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 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?
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.
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.
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? Is it worthwhile? Is it stressful? We don’t think so, see our simple guide to get started.
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?
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.
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.
Why 72 hours of an utter shambles around the European Super League has reminded me of my “why” in business
One of the questions we get asked most often is “Should I incorporate?” and there’s no simple answer. Here’s a summary of the main things you need to know before making a choice.
Discounting can really undermine your self-worth in business and should be used cautiously, but why is this? Are there times when it can work?
Going limited is the start of a fantastic journey for many, but it demands stewardship. Here are our 6 top tips for new company owners.
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