The Lodestar Blog
Tax tips, business news, Lodestar expert insight
January Is The Perfect Time For A Health Check… For Your Finances
Happy New Year! We all know the January feeling of resolutions, healthy eating and dry January, so we’re all used to health checks for ourselves, but what about our company finances? We’re here to tell you it’s just as important to review your company books, and what...
3 Things You Might Not Know About Self Assessment Tax Returns
With the tax return filing deadline just around the corner (31st January if you weren’t sure!), here are 3 things you might not know about self assessment tax returns. High Income Child Benefit Charge If you receive child benefit and your individual income is over...
Autumn Budget 2021 – Our Top 5 Announcements Affecting Small Businesses
On 27th October Rishi Sunak presented his Autumn Budget to parliament. Here we summarise the top 5 announcements that affect small businesses: 1. National Living Wage Will increase next year by 6.6%, to £9.50 an hour from April 2022. This coupled with the new Health...
Bookkeeping – What Do I Need To Do And How Do I Do It?
Have you ever thought: “I won’t need to do bookkeeping if I’m using cloud bookkeeping software as it does it all for me?” Well, as much as cloud bookkeeping software, like Xero, make the bookkeeping easier, there is still some human interaction required. This can be...
VAT Changes For Goods Sold To EU Consumers
On the 1st July 2021, VAT changes were made by the EU which impact UK e-commerce companies who: export goods to the EU to consumers (not businesses) where the parcel has a value under 150 euros IOSS - what is it? Import One Stop Shop (IOSS) is a simplification...
New Service! Learn About Our Virtual FD Package
Roughly 50% of small businesses fail before their 5th birthday. What a daunting statistic for any new business owner! Obviously there are many reasons that businesses fail, but one of the most common is not making the wisest financial decisions. Most business owners...