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Monthly Archives: December 2017

What happens if we can\’t manage

A reminder that as we age the argument that we should grant powers of attorney to trusted family members becomes increasingly relevant. A lasting power of attorney (LPA) is a legal document that lets you (the ‘donor’) appoint one or … Continue reading

Posted in Business

Timing is everything

We are fast approaching the end of the 2017-18 tax year. In fact, the 31 March (or 5 April) is probably the most common trading year end date for sole traders, partnerships and limited companies. And individuals have no choice, … Continue reading

Posted in Business

Data protection essentials for 2018

From 25 May 2018, any business that stores the personal data of staff, customers, suppliers and other business contacts will need to comply with the General Data Protection Regulation (GDPR). Basically, you will need to know what personal data you … Continue reading

Posted in Business

Sent to Coventry

The origins of the phrase, to be sent to Coventry, seem to have originated in the seventeenth century when Cromwell was purported to have sent Royalist soldiers to be imprisoned in Coventry around 1648. At the time, Coventry was a … Continue reading

Posted in Business

Do you need to submit a self-assessment tax return

According to HMRC, you are required to send in a tax return in the last tax year if: you were self-employed – you can deduct allowable expenses you got £2,500 or more in untaxed income, for example from tips or … Continue reading

Posted in Business