News - Simas Accounting & Tax

Deferring VAT and Income Tax

On 20 March 2020, the UK Chancellor of the Exchequer announced a package of COVID-19 measures. The measures on tax include […]

covid 19 income tax

Corona Virus – What Help is Available to UK Businesses?

Many UK businesses are currently very worried about the impact the Corona Virus (COVID-19) will have on the economy and […]

The problem

Top Tips for Creating a Successful Online Retail Business (Part 1)

Your retail business has just gone online. You are full of excitement and enthusiasm. But how do you make sure you attract buyers and retain loyal customers? Read our 7 tips for creating a successful online retail business.

online retail

New Year New Finance

We’ve come up with Five financial resolutions that’ll help you get the new year off to a flying start…
If your finances have got into a bit of a tangle, why not make 2020 the year to sort them out?
To give you a helping hand, here are five financial New Year’s resolutions that will change your life for the better.

new year

HMRC’s Let Property Campaign

HMRC’s Let Property Campaign is targeting landlords who may have unpaid tax. This would be as a result of failing to declare income from letting out residential property. The scheme is open to those that have multiple properties, single rentals, student rentals, or holiday lettings.

unpaid tax

Beating The Summer Lull

The secret to beating the summer lull. We have compiled a comprehensive list of 20 quick and easy things you could do in this ‘summer lull’, to revitalise your business. Simple quick fixes to turbo charge your profits.
Take advantage of this quiet time and get ahead of your competition.

summer lull

Sole Trader Or A Limited Company?

One of the most important decisions you’ll have to contend with is the structure and legal status your business will use moving forward. Will you operate as a sole trader or as a limited company? Read this week’s blog to help you understand both structures.

sole trader

Growing Your Business – A Team Game

Growing your business is a team game. Your accountant is a key part of that team and should be helping you to grow your business. Accurate financial statements and tax returns are both important, but they only tell a story of your business as it was – not where it could be going.

growing your business

Valuing Your Business – The Essential Guide

Valuing and then selling your business is one of the most important things you’ll ever do as a business owner.
But where do you start?
Click to find out about the earnings multiples, and how the formula is used to value a business.

valuing your business

Company Car Versus Car Allowance

The company car is still considered a desirable job perk but many employers are now offering a company car allowance as an alternative.
But what is the difference between a company car and a company car allowance? Which option is right for you?

company car