Business Tips: Simplified Expenses

1988 movie Rain Man © 1988 United Artists Pictures Inc.

If you started your business after April 2013 or you are thinking of starting a business then you may be interested in the Simplified Income Tax Expenses. This can be quite a hard topic to explain if your new to business expenses, but if you expect to earn below the VAT threshold or work on a cash basis then the simplified income tax rules may save you money. It will certainly save you time and probably the need for an accountant, (however I would always advise an accountant if you have any doubt, their fee is tax deductible!!)

HMRC have a good You Tube section with many great videos on hard to understand business topics which I would recommend to any small business owner. Here is the basic video that gives a quick explanation:


And if you can find the time then take a look at:


If you are new to business or wish to find out more regarding you business and your responsibilities then check out the HMRC  youtube videos.

New blog layout and listings

As this blog isn't very old we have happily been blogging about website topics and we have started to get a few regular readers, which is great!

To improve and expand on our blogs and topics, to hopefully increase our regular readers we are going to shuffle our posts around a little, so we will also be blogging about Business Tips.

These posts will start with Business Tips: then the tip or blog title.

We are deciding to do this as although we have many years experience in IT we are still a fairly new company and we are finding out about many aspects of business as we go along, so if we come across anything that may aid fellow small business we will write a blog about it and post it on here.

Hopefully you will gain some use from these blogs and as ever is you have a topic or question you would like us to tackle then please let us know and we will gladly respond with the best information we can find.