complete financial know how

Articles in category: My Mate Says

My mate says its easy to start a new Limited Company…

Welcome to 2020! If you’ve decided that this is the year to set up your own business, don’t rush the process, there are things for you to consider. Setting up a Limited Company can be quick and easy however you shouldn’t just form the company, there’s a long list of decisions that you should make […]

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My mate says you can’t change 12 days of Christmas into a tax song…

On the 12th day of Christmas my accountant gave to me: 12 Drummers Drumming In India, drummers play an important role in assisting tax enforcement. Sometimes the local government officials send drum bands to businesses to shame the business owners into paying their tax arrears. Apparently, tax revenue went up 20% in Mumbai when they […]

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Rural Development Programme for England (RDPE)

Countryside Productivity Scheme The government are currently funding a “Rural Development Programme for England (RDPE)”. This aims to improve the technology used in the farming industry in England covering equipment such as livestock monitoring cameras and precision farming technology. The RDPE is taking place over three years and funding applications for the second year (2019) […]

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“My mate says…

I can claim for the business suits I wear solely for my business meetings…” HMRC defines an allowable expense as wholly and exclusively for business purposes. You cannot claim for everyday clothing such as suits (even if you wear it for work). HMRC have won cases on the basis that the workwear could have been […]

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My Mate Says: “There’s no such thing as a silly question!”

You’ve decided to start up your own business. Whatever your reason for starting this business you are passionate and want to steer your company towards success however, you need to know how to get things right to make sure you don’t fall foul of the rules. You are now a Director. Depending on how far […]

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