In the news: General Election 2015: What Does The Technology Industry Want?

“As an online business, any commitment to a broadband infrastructure is welcome. Being online isn’t a differentiator anymore, it’s an entry criteria and imperative for the knowledge economy. We exchange tens of thousands of files with clients, talk to HMRC electronically and we run our hosted PBX phone system over the broadband connection. It’s integral […]

Written by Stela Zlatkova on

Team inniAccounts taking the Derby 10k challenge

Team inniAccounts at the 2015 Derby 10k race

The race started in the city stadium, home of the Derby County football club and followed a path around the city centre where crowds of spectators cheered on the inniAccounts team. Our camera fans spotted Matt, Paul and the rest of the team at the start. Running alongside over 6,000 athletic professionals, club members and […]

Written by Stela Zlatkova on

Make smart charity donations to reduce your tax bill

Supporting worthy causes is worthwhile and it’s also one of the most tax-efficient ways to give to your favourite charity if you are a contractor or consultant that owns a limited company. Supporting charities through your limited company means that you can donate and sponsor causes close to your heart and reduce your corporate tax […]

Written by Stela Zlatkova on

Our next eBook is here: Day to day Management of Your Limited Company

Day to Day Management of Your Limited Company - eBook

Day to Day Management of Your Company is the second book in our series “Starting and Running a Successful Limited Company”. It’s specially designed to simplify the time consuming daily admin tasks related to managing your small business. We’ll show you how to equip your company for success with essential kit and online tools for efficient record keeping, expenses […]

Written by Stela Zlatkova on

Tax code 1060L – tax changes for 2015/16

Tax Code 1060L Tax codes usually consist of a 4-digit number and a letter. These reflect your Personal Allowance for the relevant tax year, divided by 10, followed by a letter giving your employer an additional information about your personal circumstances. These are important details when calculating the correct amount of tax to be paid. For […]

Written by Stela Zlatkova on

Employing a spouse or family members in your company

Employing a spouse or a family member in your company

Benefits of employing a spouse Employing a spouse or a family member to ensure the admin or core business services are taken care of frees you up to maximise the company income. Paying them a salary can maximise household tax efficiencies by utilising their income thresholds for tax liabilities. Things to consider What salary will […]

Contractor salaries for 2016/17


Find out how to choose a tax-efficient salary and achieve maximum efficiency for your contracting or consulting business. You’ll also discover the facts about how different salary levels will affect your tax and National Insurance contributions. Check the inniAccounts 2016/17 tax-efficient contractor salary guide and watch our brand new salary video. If you’ve already chosen your preferred salary, you may also […]

Checklist for your 2014/15 tax year end

2014/15 tax year end checklist

Summary of actions Consider drawing a dividend before 5th April to maximise your tax allowances Consider topping up your pension before 5th April to maximise your tax allowances Consider increasing your salary from 6th April to take advantage of larger tax allowances Notify your accountant if you need to make a specific declaration for your PAYE […]