Did you know, that if you run a limited company, you can charge your company for use of your personal home space. This is a wonderfully tax efficient way of taking some of your company profits. It’s perfectly legal and an accepted use for your limited company to pay you rent for use of some
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Making sure your finances are in order and keeping an eye on your cash flow are the keys to business success – unless you want to dedicate a large portion of your working life to keeping your accounts up to date, you need an accountant! Any good accountant will be able to give you great
5 Great reasons your startup business NEEDS an accountant! Ok, so you’ve got your great idea for a fabulous new business. You have your shiny new computer, list of contacts, and all the necessary bits and bobs for starting off in your venture. You don’t need an accountant yet though, surely? They come at
A new study by the accountancy software giant, Sage, shows that while accountants have become the most trusted of all services available to small and medium businesses, when it comes to sensible advice about their business, it seems that most businesses still aren’t using their accountant to full effect. Paul Tooth, the MD at Sage,
Lucentum Business Services are now offering Book Keeping and Payroll Services. Our new book keeper and payroll specialist has just started working with us and we’re now offering these, alongside our other core accountancy services. Obviously, because we’re lovely accountants, as well as providing a great and friendly service, we’ll always be on hand to
Here at Lucentum, we’re pretty passionate about the environment and try to do our best to help save the environment without altering our work life too much… The great thing is, it can help save your business money too! 1.) Buy a Bike for your business! There are loads of benefits from riding a bike
Insufficient Funds Very rarely does any business just ‘start’ trading. Quite often it can be weeks or even months before the cash starts rolling in. Beware as well of costs that you probably haven’t even considered. If you’re shipping goods, how much tape will you be using? Will you have to order an additional telephone
This won’t be the full picture or provide all the answers, but should give you some food for thought, and areas to look into. If you need help with the exact tips and expenses applicable to you then feel free to get in touch. Make sure you claim all your expenses – sounds simple but
PAYE code – Is yours correct? Many people assume that their PAYE code is correct, or that their tax will be automatically adjusted at the end of the tax year once year end submissions are done. Well neither of these are necessarily true. If we start with paying the right tax – if you stop