Resources - Time Management
A selection of great tools, business guides and articles to help make your business a success
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Limited companies are required by law to make RTI (real time information) submissions to HMRC on a regular basis, detailing salaries, PAYE and NI. As a freelancer or contractor running a director-only company, this may seem like an unnecessary burden, but fail to keep up with RTI submissions and you could face penalties.
However, RTI doesn’t need to be a headache. Bright Ideas Accountancy are here to tell you everything you need to know, and how to simplify your submissions to take a weight off your mind…
Incorporation has several benefits not to mention that its owners enjoy limited liability. However, one very important reason to consider incorporation is positive tax results. Setting up an incorporated company means that you can enjoy several tax benefits.
We all have the tasks that strike anxiety into our hearts – perhaps you have trouble getting started when it comes to filing, artistic endeavours or inventory counts – but for countless freelancers and contractors that we speak to on a monthly basis it is the bookkeeping tasks that they dread the most.