James Clayton

If you’ve heard the term “Benefits in Kind” (BIK) and thought, “Huh?”, don’t worry—you’re not alone! BIK might sound complicated, but it’s simply a fancy way of saying perks you get from your employer that aren’t cold, hard cash. Let’s break it down, Dead Simple Accounting style. 😎 What Exactly Are Benefits in Kind? 🤔 … Read more

If you’ve ever heard your accountant mention a P11D form and thought, “Sounds boring!”—you’re right, it’s not the most exciting paperwork in the world. But it is important for keeping the taxman happy! Let’s break down what a P11D is, who needs it, and how it affects your tax bill, in plain English. What Is … Read more

The UK’s Cycle to Work Scheme is a win-win for employees and employers, letting you save on bike and accessory costs through salary sacrifice. Here’s how it works: How Does It Work? Employers provide bikes, and employees agree to a salary reduction to cover the costs. This reduces taxable income, cutting down tax and National … Read more

Whether you’re running a limited company, a sole trader, or managing payroll, keeping proper records is crucial for staying compliant with HMRC requirements. Not keeping records could lead to penalties and a lot of stress! Let’s break it down by type of business: Limited Companies 🏢 As a company director, you’re responsible for keeping all … Read more

Welcome to the world of freelancing and small business ownership! While the freedom to set your own rates and manage your income is fantastic, it often comes with the challenge of chasing unpaid invoices. Don’t worry – we’ve got you covered with our 5-Step Approach to getting paid without damaging client relationships. Step 1: Remember, … Read more

Let’s face it – salary negotiations can turn even the most confident professionals into a bundle of nerves. In an ideal world, you’d stride into that meeting room like a boss, list your achievements without hesitation, and name your price without breaking a sweat. 🎤 But in reality? Most of us end up with sweaty … Read more

Hey there, self-employed superstars! 🌟 We know you’re busy being your own boss and conquering the world, but let’s take a moment to talk about your future. Specifically, let’s chat about pensions. 😊 Why Bother with a Pension? You might be thinking, “I’m young and fabulous, why should I worry about a pension now?” Well, … Read more