Welcome to the One Abacus blog.
We are a small firm of accountants specialising in solutions for contractors, freelancers and small businesses. Our mission is to demystify the world of accounts and taxation through our down to earth, straight talking advice. We’ll also aim to keep you informed of significant industry changes and their potential effects on you as and when they arise so please feel free to check in when you can!
Posted on 11/11/2018
Are You Due A CIS Tax Rebate?
If you are a subcontractor working within the construction industry through the CIS (Construction Industry Scheme) you are almost certainly due some tax back for the previous tax year.
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Posted on 21/10/2018
Setting Up A Limited Company
Setting up your own limited company when you are contracting and freelancing can be a bewildering experience. The initial thoughts for many are that it is simply too complicated and that it requires too much time, money and patience. Whilst it is true to say it takes a bit more of all three than perhaps not setting up your own limited company, any burden can be greatly reduced by partnering a good accountancy firm first and foremost, but also by understanding the following process
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Posted on 15/09/2018
Why The Time Is Right To Start Your Own Business
With the Government planning to cut corporation tax, small businesses will have less to pay and can, therefore, afford to expand and hire more staff – meaning even more money for the economy. SMEs already employ around 16.8 million people in the UK and has accounted for almost four-fifths of the employment increase in the private sector in the past five years, according to a report by npower Business and Capital Economics.
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