A Cargo or Marine insurance policy is a product designed to insure goods should they be lost or damaged whilst in transit worldwide or in the UK for storage. The cover against loss or damage can be whilst travelling by road, rail sea or air. As well as worldwide travel, policies also includes transport within…

Date posted: October 11, 2019 | Author: | No Comments »

Categories: Insurance Tips

When looking at taking on a new team member some business owners cannot look past the annual salary figure and think “I can’t afford that!” But in reality a new team member or employee should end up saving you money.  You just have to look at it a different way … Outsourcing For example, if…

Date posted: September 27, 2019 | Author: | No Comments »

Categories: Payroll Tips

It is common knowledge that it is a legal requirement to allow your employees to have paid holidays and usually calculating holiday entitlements are pretty simple. An employee is entitled to 28 days for the full year, or you can use the online government holiday calculator to calculate the holiday entitlements if an employee starts/leaves…

Date posted: September 20, 2019 | Author: | No Comments »

Categories: Payroll and Accounting Tips Payroll Tips

You are required by law to have employers’ liability insurance for people who you employ under a contract of service or apprenticeship. Whether or not you need employers’ liability insurance for someone who works for you depends on the terms of your contract with them. This contract can be spoken, written or implied. It does…

Date posted: September 13, 2019 | Author: | No Comments »

Categories: Payroll and Accounting Tips

Claiming for the amount you spend on food is allowed when you’re self-employed, however, you can’t just claim for everything you eat. So, what’s the deal? HMRC’s general rule is that you can only claim for expenses that are “wholly and exclusively” for the purposes of trade, this makes food and drink expenses a tricky…

Date posted: September 6, 2019 | Author: | No Comments »

Categories: Payroll and Accounting Tips

From October 2019, proposed changes to VAT and the CIS are being planned within the construction industry. The Construction Industry covers a vast and wide-ranging sector of business in the UK and often includes a supply chain of providers, contractors and sub-contractors The government have announced that the proposal of a domestic reverse charge has…

Date posted: August 23, 2019 | Author: | No Comments »

Categories: Payroll and Accounting Tips

As a sole trader, you don’t receive a salary or wage in the traditional sense. So how do you pay yourself? It’s simple: you’re paid based on ‘drawings’ from your business. You can simply draw money from your business account to pay yourself as a sole trader. For this reason, it is recommended that you…

Date posted: August 16, 2019 | Author: | No Comments »

Categories: Accountancy Tips Payroll and Accounting Tips

It is easier than ever for people to set up their own businesses. With the internet, having a physical presence such as a shop or office is no longer necessary in order to run a successful business. However, the insurance market hasn’t moved on as quick when it comes to insuring those businesses, particularly an…

Date posted: August 9, 2019 | Author: | No Comments »

Categories: Insurance Tips