What expenses can a self-employed sole trader claim?
In this article, we'll be covering what allowable expenses are, what classifies as an allowable expense for sole traders, and how to keep track of your allowable expenses over the tax year
What does Making Tax Digital mean for businesses?
MTD may be delayed by another year, but what does it mean for businesses? We explore how it differs to the current tax system, and how business owners can get themselves MTD-ready..
Branding your startup
This guest post from Tide dives into the steps it takes to build a brand, from researching your target customers to setting yourself up for success on launch day.
What is pro rata?
What is pro rata and how can you calculate it? Our guest blog post from Tide explores what pro rata is, the pros and cons of pro rata, and how to calculate it.
What's needed to set up a business bank account?
This guest post from Tide covers all you need to know about setting up a business bank about and outlines some common mistakes to avoid.
What to look for when picking a business bank
There is a such a thing as the right bank account for your small business, but how do you find it? This guest post from Tide reveals all.
Can I do my own end of year accounts?
We walk you through the process of compiling your end of year accounts, what to include in your end of year accounts and the key deadlines to keep in mind.
Can I do a VAT return online?
If you're tired of rustling through piles of paperwork, you're in luck. We break down how you can submit your VAT return virtually, what you need to include, and what happens if you fail to submit correctly.
What is a commercial invoice?
Looking to take on the global market? Before you do, make sure you brush up on what a commercial invoice is, why it's so important for international trade, and how you can make your own.
Is Making Tax Digital compulsory?
With the next phase of Making Tax Digital coming up quickly, we cover which companies need to go digital and how you can get your company MTD ready.
What does it cost to hire an employee?
Bringing on a new hire is exciting, but how much does it cost? We answer all your questions around recruitment and onboarding costs.
Why do small businesses fail?
In this article, we unpack why small businesses fail, and what small business owners can do to set their startups for success.
The Ultimate Self Assessment Checklist
Need to file your Self Assessment? Our handy checklist covers everything you need to do before sending it off to HMRC.
What is the difference between salary and payroll?
We talk about what the difference between salary and payroll is, and walk you through the process of setting up and maintaining your company's payroll.
What is a proforma invoice?
In this article, we'll help you to understand how a proforma invoice differs from standard invoices and why businesses choose to use them.
How to manage cash flow as a startup
We share our top tips for managing your cash flow as a startup to make managing your company cash flow a breeze.
What tax do I pay when working from home?
We outline what taxes you need to pay when working from home and how you can claim tax relief on homeworking-related expenses.
What exactly is a small business?
We've all heard of small businesses, but what exactly separates small businesses from medium enterprises and large corporations? In this article, we reveal all.
What is Statutory Sick Pay?
In this article, we'll explain who is eligible to claim Statutory Sick Pay, how long you can receive it and the total amount you can expect to receive.
What is an invoice number?
Invoicing is the backbone of any small business and knowing your invoice numbers makes managing your payments super simple. Read on to learn more about invoice numbers and why they're crucial to the invoicing process.
Why is expense management important?
We cover all you need to know about expense management, from why it's important to how you can effectively keep an eye on your expenses.
What expenses can I claim when working from home?
Whether you're self-isolating or your office isn't quite ready to open their doors just yet, you might be eligible to claim tax relief when working from home.
When do I stop paying National Insurance?
When exactly do you stop paying for National Insurance? In this article we cover who is eligible to pay National Insurance, how much you need to pay and what to do if you've overpaid.
Missed the Self Assessment deadline? Here's what to do
If you've missed the Self Assessment deadline, don't worry - we break down all you need to know about filing your Self Assessment once the deadline has passed, and how to do it as soon as possible.
How to deal with an unpaid invoice
While not always easy to do, chasing up late payments is crucial for maintaining a healthy cash flow. Here are a few tips on what to do if you find yourself chasing late payments.
How do I calculate holiday pay?
Whether you're looking at a long weekend or a two-week vacation, we cover everything you need to know about calculating your holiday pay for the year.
What are accounts receivable and accounts payable?
If you're looking to gain a solid understanding of your company cash flow, you'll need to know what accounts payable and receivable are. In this guide, we'll be looking at the differences between the two, how the entries work in accounting terms, and the benefits they can provide to your business.
How to get a SEISS grant when you're self-employed
As the deadline for the fifth and final SEISS grant closes in, we cover what the SEISS grant is, the eligibility criteria and how you can apply.
What is a P11D form?
We cover all you need to know about P11D forms, who needs to fill it out, what to include and how it affects the taxes you pay.
What is a business tax account?
In this article, we'll talk you through what a business tax account is, the benefits of setting up a business tax account and how you can keep on top of your taxes.
Can business owners claim expenses for working from home?
Since lockdown, working from home has become more commonplace in a lot of companies. But as a business owner, can you claim for working from home?
What is share capital?
Looking to start giving out shares in your company? Our guide covers everything you need to know about shares, share capital and the different types of shares your company can issue.
How can I improve my cash flow management?
We've listed six core strategies to improving your cash flow management, keeping your cash flow looking positive.
How do I get a P60?
What is a P60? Who issues them exactly? Do I need one? This article answers all your P60-related questions.
How do I become a freelancer?
Whether you're looking to start a side-hustle or looking to go self-employed full time, we cover everything you need to know about starting out as a freelancer.
How to choose the right accounting service as a contractor
Not sure which accounting service is best for your contracting business? Our article breaks down the factors you need to consider when choosing the service that's best for you.
What does PAYE mean?
You've likely had PAYE subtracted from your paycheck in the past - but what is it? We break down what PAYE is, when it's paid and how to start making contributions to HMRC.
What is company car tax?
Thinking of treating your employees to a company car? Have a look at our guide on company car tax, what it is and how you can reduce the amount of company car tax you owe.
What is VAT?
When should you start charging VAT? Our guide dives into what VAT is, when you should charge it and how to do so.
How do small businesses do payroll?
Everyone loves payday, and in this article we give you the lowdown on how to make paying your people a piece of cake.
What is Corporate Tax?
We give you the lowdown on what Corporate Tax is, how it differs from Income Tax and what happens if you miss a Corporate Tax deadline.
What is cloud-based accounting?
Going digital has certainly sped up the accounting process, but how can cloud-based accounting boost your business further?
How to start your own business
Got a business idea but not sure where to begin? This article covers all you need to know about getting ready to launch your own business.
What is the difference between bookkeeping and accounting?
Ever wondered what the difference between bookkeeping and accounting is? We cover the key differences between the two terms and highlight the responsibilities of bookkeepers and accountants.
How to complete a Self Assessment tax return
In this guide, we cover everything you need to know about filling out your Self Assessment tax return, from the important documents to need to the dates you need to know.
What is cash flow management?
In this article, we’ll tell you everything you need to know about cash flow management, what makes up a cash flow statement and why a good cash flow can be essential to your business's success.
What is a limited company?
A limited company is a business that is legally separate from the people who own and run it, with different tax rules and regulations to sole traders.
The Ultimate Guide to Small Business Accounting
In this guide we cover everything you need to know about small business accounting, from bookkeeping to biilling invoices.
How to register a limited company
In this article, we've created a step-by-step guide on registering as a limited company and what the advantages of running your business as a limited company are, plus access to our handy company name availability checker.
Who is eligible to claim mileage allowance?
In this article, we outline what exactly Mileage Allowance is, who is eligible for it and how to go about claiming this tax relief.
What is online accounting software?
In this article we cover what online accounting software is, how it works and why going digital could be the best plan for your business.
Why do I need accounts as a small business?
In this article we cover why limited companies need to keep accounts, what the different types of accounting records needing to be kept are, and how to file your accounts over to Companies House.
I paid my VAT late. Is there a fine?
In this article, we'll take you through what happens if you pay your VAT late, HMRC's penalties for inaccurate VAT returns and payments and what to do if you can't afford the amount of VAT you have to pay.
How much can you earn before paying tax?
Every working person in the UK has a personal allowance, meaning you can earn up to a certain amount without paying any income tax. In this guide, we cover what the UK tax brackets are, what you can get tax breaks for and how to file a tax return.
Why is an IR35 review important?
In this guide, we'll set out exactly why you need to conduct an IR35 contract review, who is responsible for IR35 compliance and how you can keep up with the latest legislation.
How to change from a sole trader into a limited company
There are certainly benefits in changing from a sole trader to a limited company, but it can be hard to know where and when to begin. If you're starting to make a healthy profit from your enterprise and want to create a more formal structure around your small business, then setting up a limited company may be right for you.
What are the tax brackets in the UK?
If the thought of navigating the UK's tax brackets, rules and regulations leaves you in a cold sweat, don't worry. You're not alone! By learning about the UK's income tax brackets, you can develop the confidence you need to make important business decisions and focus on running and growing your enterprise.
Do I need accounting services as a contractor?
In this article, we’ll give you the low-down on using your own dedicated accountant, accounting solution or a combination of the two for your contracting business.
Do I need accounting software for my small business?
As your business grows, we outline what accounting software is, the pros and cons of using accounting software and why Ember might be the right accounting solution for you.
What is a fixed term contract?
In this guide we will look at what a fixed term contract is, the rights and regulations for employees, key things employers and employees need to know while using fixed term contracts, and what happens when the contract ends.
Do startups need accountants?
When running a business, it can be tempting to hand the accounting over to someone else rather than losing time trying to make sense of the figures — but it's worth considering whether giving total control to an outsider is better than understanding everything yourself.
What are business accounting services?
Do you know your accountant from your accounting software? In this guide, we cover everything from the different accounting services available and where you can get these services from.
A comprehensive guide to IR35
This guide will give you a stripped-back, all-you-need-to-know overview of IR35, what it is and what it means for your limited company.
How soon after I file my Corporation Tax Return is payment due?
In this guide, we're taking a look at what exactly Corporation Tax is, who needs to pay it, when it's due and how best to prepare and pay this tax obligation.
How Coronavirus will change the contractor landscape
As we return to a sense of 'cautious optimism,' we take a look at what the post-Covid economy looks like in the UK and, most importantly, what it means for contractors and self-employed people.
Ember is open for business.
After a seed round of fundraising and months of development, Ember is live! While we hatched the idea for Ember before any sign of Covid-19, we're hoping our platform will give contractors one less thing to worry about – their dreaded admin – in such uncertain times.
We have raised £1.6 million to redefine the future of small business
2021 is off to a strong start 🔥. Today we are super excited to announce our seed funding round, led by FinTech VC Anthemis.
IR35 – What's next?
The next phase of IR35 was due to come into force just a few weeks ago, but as a result of coronavirus, it's been postponed by a year. With the situation in flux, we're keeping a close eye on developments. Read on to learn more about what might happen next.
COVID-19 tax relief for small businesses & self-employed people: Everything you need to know
As the world temporarily transforms, it's useful to know how the UK tax system is adapting and what that might mean for you as a small business owner or self-employed person.
IR35 delay: Some respite amongst the COVID-19 chaos
The government has announced a 12-month delay to the IR35 regulations, which were due to come into force next month.
All the confusing contractor terms explained
There are lots of benefits to contracting – a wide variety of work, no bosses to answer to, and infinite opportunity to work from home – but it can also be a complex world to navigate. We've clarified some of the important things you need to know.
What does 2020 hold for Open Banking?
As 2010 and beyond saw the advent of Open Banking, 2020 will be the decade for sustained and conscious maturation of the digital banking world.
Last minute Christmas Party ideas for contractors
Few contractors are aware that it actually PAYS to throw your own Christmas bash, even if that's just you cosying up to a roast and bottle of red in your favourite pub.
Tax-saving hacks for contractors
Contractors, did you know that it PAYS to work from home and throw your own Christmas party? Check out our top 10 little-known expenses that can save you money in tax deductions.
6 simple steps to setting up your company as a contractor
Are you thinking of taking the leap from employee to contractor? If you're finding it difficult to know where to start, start here: our simple 6-step guide to setting yourself up as a contractor.
We are fully funded!
Led by the Startup Funding Club alongside a small group of angel investors, we've raised £250k to get Ember off the ground and into the hands of modern contractors across the UK.
The world of work is changing, and the modern workplace (or lack thereof) has never been as exciting as it is today. Everything about business is opening up… Everything, except accounting.