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BusinessHeads Limited
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What are the tax benefits of employing your children? - With the summer holidays on the horizon you may be thinking it would be useful to keep the youngsters gainfully employed. It’s long been a small business tradition to bring other members of the family into the business. It makes economic sense and can be a real benefit to business. But how is that done without getting into trouble with the tax man?
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Is there an alternative to taking dividends now that tax is higher?

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Take a look at the faces behind BusinessHeads

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How long should you keep your Accounting records for?

Find out here: http://ow.ly/rMD030krn9L
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How many mobile phones are tax exempt?

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Things to consider when taking on young employees - Here come the summer holidays and taking on additional staff to help at peak seasons is a good way to handle high demand, and allow young workers the opportunity to gain work experience. However, there are a few things you need to consider before implementing this strategy, let’s take a look.
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How to be objective in the assessment of your business - As businesses grow they can go off track. Demands on business owners are great and there is a danger that you deal with the ‘tip of the iceberg’ rather than the underlying organisational issues. So my advice is that you stand back, and have an objective view of your business.
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Cloud Accounting solutions for Making Tax Digital - Step one of Making Tax Digital (MTD) is that from April 2019, sole trade and partnership businesses with turnover exceeding £85k will have to send their VAT Returns digitally. This means all the transactions, not just the summary figures, must be sent to HMRC via the internet. So how is this to be done?
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How long should you keep your Accounting records for? - The good news is that the end of January marks the time of year when you can start your spring cleaning and throw out some tax records. So if you haven’t already done so, you can clear some space now!
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Happy National Limerick Day!
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