When you’re working for yourself or running a business, there are myriad tax considerations that it’s important to aware and have an understanding of - including Class 2 National Insurance. Your National Insurance responsibilities are fundamental in relation to the...
What is Class 4 National Insurance?
How much do you know about Class 4 National Insurance (NI) and the other kinds of tax you pay on any earnings and income when you start work? The national insurance contributions you make help to pay for things like state benefits, statutory sick pay, maternity leave...
Is Xero worth it for small businesses?
With the Government’s Making Tax Digital initiative changing the way that businesses pay their tax, demand for sophisticated accounting software is on the increase, with apps like Xero growing in prominence. But is Xero worth it for small businesses? The majority of...
How to set up a personal training business
The health and fitness sector remains vibrant and growing and offers some amazing opportunities for the self-employed. In this blog post, we will explore how to set up a personal training business. It’s no surprise that so many people have chosen to branch out on...
Changing your VAT scheme: a guide for businesses
Not every business owner will be aware, but there may be a time when changing your VAT scheme will be an extremely smart option. This may be because you have reached a turnover threshold or because a different scheme works out as being more beneficial to your...
Gifts for employees – a tax guide
The last 18 months have been tough for all businesses, especially small ones. Employees have stepped up to the mark and really proved their worth, adapting to working from home and proving they can still work efficiently, and as a result gifts for employees may be an...
Flexible working advice for 2021
Flexible working was a trend that existed before the Covid-19 pandemic. However, when the first lockdown was enforced in March 2020, the adoption of remote working was accelerated massively as organisations fought to remain operational in unchartered waters. Fast...
Temporary enhanced loss carry backs – what you need to know
At Relative, we can help businesses navigate the complex tax system to ensure you are aware of any tax relief entitlements, such as temporary enhanced loss carry backs, if your company has suffered any loss in trade over the last 12 months due to the Covid-19...
Kickstart scheme eligibility: how can I check?
The Government’s Kickstart scheme is a great opportunity for businesses, but establishing your own kickstart scheme eligibility can feel far from straightforward. The scheme helps young people on to the career ladder, while providing funding and growth opportunities...
Landlord expenses – what you need to know
Being or becoming a landlord can be daunting, depending on the property, with landlord expenses and other costs often varying on a case-by-case basis if they are not budgeted and monitored. However, before becoming a landlord, it is crucial that you put together a...
