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	<title>Oaktree Accountancy &#187; Self-Employment</title>
	<atom:link href="http://www.oakacc.co.uk/category/self-employment/feed" rel="self" type="application/rss+xml" />
	<link>http://www.oakacc.co.uk</link>
	<description>Accountancy, Tax &#38; Book-keeping</description>
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			<item>
		<title>When and how do I run payroll?</title>
		<link>http://www.oakacc.co.uk/when-and-how-do-i-run-payroll</link>
		<comments>http://www.oakacc.co.uk/when-and-how-do-i-run-payroll#comments</comments>
		<pubDate>Wed, 28 Jul 2010 08:09:35 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[benefit-in-kind]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[cockermouth]]></category>
		<category><![CDATA[cumbria]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[National Insurance]]></category>
		<category><![CDATA[p11d]]></category>
		<category><![CDATA[p14]]></category>
		<category><![CDATA[p35]]></category>
		<category><![CDATA[p60]]></category>
		<category><![CDATA[p9d]]></category>
		<category><![CDATA[paye]]></category>
		<category><![CDATA[payroll]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=523</guid>
		<description><![CDATA[1.      Summary of Key Points

Operate a payroll system on any employee you pay above £97 for a week or £421 for a month.
Make every effort to get a P45 for new joiners, and issue them to leavers.
Issue payslips and P60s to your staff in good time.
Choose a good payroll system – but not the HMRC [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What expenses can I claim against tax?</title>
		<link>http://www.oakacc.co.uk/what-expenses-can-i-claim-against-tax</link>
		<comments>http://www.oakacc.co.uk/what-expenses-can-i-claim-against-tax#comments</comments>
		<pubDate>Fri, 09 Apr 2010 06:29:31 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[capital allowances]]></category>
		<category><![CDATA[cockermouth]]></category>
		<category><![CDATA[cumbria]]></category>
		<category><![CDATA[entertainment]]></category>
		<category><![CDATA[goodwill]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[limited company]]></category>
		<category><![CDATA[personal use]]></category>
		<category><![CDATA[self-employed]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[VAT]]></category>
		<category><![CDATA[VAT cash accounting]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=487</guid>
		<description><![CDATA[1.      Summary of Key Points

The general rule is that business expenses are OK, but not personal ones.
You need to identify the personal element of all expenses and ensure these are not claimed for tax purposes.
There are strict tax rules on what motoring expenses are allowable.
Most business entertaining is not allowable for VAT, income tax or [...]]]></description>
		<wfw:commentRss>http://www.oakacc.co.uk/what-expenses-can-i-claim-against-tax/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Can I save tax on my refurbishments?</title>
		<link>http://www.oakacc.co.uk/can-i-save-tax-on-my-refurbishment-programme</link>
		<comments>http://www.oakacc.co.uk/can-i-save-tax-on-my-refurbishment-programme#comments</comments>
		<pubDate>Wed, 24 Feb 2010 09:25:34 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[annual allowance]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[cumbria]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[plant]]></category>
		<category><![CDATA[repairs]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[VAT]]></category>
		<category><![CDATA[writing down allowance]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=450</guid>
		<description><![CDATA[1.	Summary of Key Points
•	The tax treatment of certain types of spend varies from 0% to 100% allowable.
•	A good plan drawn up early and shared with your accountant is likely to save you tax.
•	Plant claiming rates range from 10% to 100% and are constantly changing with each new Budget.
•	The definition of plant is very complex – [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How likely is an HMRC investigation?</title>
		<link>http://www.oakacc.co.uk/how-likely-am-i-to-face-an-hmrc-investigation</link>
		<comments>http://www.oakacc.co.uk/how-likely-am-i-to-face-an-hmrc-investigation#comments</comments>
		<pubDate>Sat, 06 Feb 2010 11:01:24 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[cumbria]]></category>
		<category><![CDATA[fines and penalties]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[investigation]]></category>
		<category><![CDATA[minimum wage]]></category>
		<category><![CDATA[tax avoidance]]></category>
		<category><![CDATA[tax fraud]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=396</guid>
		<description><![CDATA[1.    Summary of Key Points
•    Is your business in a risk sector?
•    Does it have any risk factors which make it more likely to be investigated?
•    Recently only 3% of self-assessment taxpayers have been investigated but this could well rise in 2010-11.
•    You may need a specialist accountant who deals full-time in this sort of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What can I claim for my home?</title>
		<link>http://www.oakacc.co.uk/what-can-i-claim-for-business-use-of-my-home</link>
		<comments>http://www.oakacc.co.uk/what-can-i-claim-for-business-use-of-my-home#comments</comments>
		<pubDate>Thu, 19 Nov 2009 18:53:24 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[business property]]></category>
		<category><![CDATA[flat £3 per week]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[interest only mortgage]]></category>
		<category><![CDATA[more than 2 hours]]></category>
		<category><![CDATA[number of rooms]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=297</guid>
		<description><![CDATA[1.     Summary of Key Points

A round sum claim of £3 per week should not be challenged.
Anyone using part of their house more than 2 hours per week can probably claim more than this.
Such a claim must be based on the area of the room and time the room is used for business.
Reasonable claims for general [...]]]></description>
		<wfw:commentRss>http://www.oakacc.co.uk/what-can-i-claim-for-business-use-of-my-home/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Can I claim more Working Tax Credits?</title>
		<link>http://www.oakacc.co.uk/can-i-claim-more-working-tax-credits</link>
		<comments>http://www.oakacc.co.uk/can-i-claim-more-working-tax-credits#comments</comments>
		<pubDate>Fri, 13 Nov 2009 19:18:38 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[cockermouth]]></category>
		<category><![CDATA[cumbria]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[Tax Credit Office]]></category>
		<category><![CDATA[tax office]]></category>
		<category><![CDATA[working tax credit]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=248</guid>
		<description><![CDATA[1.     Summary of Key Points

 Notify your tax office as soon as it is clear that your income for this tax year will be lower than for last tax year.
Lower taxable profits will often result in a higher tax credit award.
This higher award could potentially carry on into the next tax year also, unless your [...]]]></description>
		<wfw:commentRss>http://www.oakacc.co.uk/can-i-claim-more-working-tax-credits/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Should I use the VAT Flat Rate Scheme?</title>
		<link>http://www.oakacc.co.uk/should-i-use-the-vat-flat-rate-scheme</link>
		<comments>http://www.oakacc.co.uk/should-i-use-the-vat-flat-rate-scheme#comments</comments>
		<pubDate>Fri, 13 Nov 2009 07:20:46 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[Start-ups]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[cockermouth]]></category>
		<category><![CDATA[cumbria]]></category>
		<category><![CDATA[flat rate]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[VAT]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=203</guid>
		<description><![CDATA[1.     Summary of Key Points

 New businesses will often benefit from being in the scheme as they get a 1% VAT discount.
VAT administration is much easier in the scheme, so most businesses with sales under £150k will benefit.
There is much less chance of a VAT fine if you are within the scheme.
The main pitfall is [...]]]></description>
		<wfw:commentRss>http://www.oakacc.co.uk/should-i-use-the-vat-flat-rate-scheme/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How should I keep my books?</title>
		<link>http://www.oakacc.co.uk/how-should-i-keep-my-books</link>
		<comments>http://www.oakacc.co.uk/how-should-i-keep-my-books#comments</comments>
		<pubDate>Thu, 12 Nov 2009 14:24:31 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[Start-ups]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[balance sheet]]></category>
		<category><![CDATA[bank satement]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[chart of accounts]]></category>
		<category><![CDATA[flat rate]]></category>
		<category><![CDATA[invoice]]></category>
		<category><![CDATA[profit and loss]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[VAT]]></category>
		<category><![CDATA[VAT cash accounting]]></category>
		<category><![CDATA[zero-rated]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=168</guid>
		<description><![CDATA[Summary of Key Points

Use computer software for your accounts if at all possible.
 Keeping an accurate cash book is the single most important thing to get right.
 Decide on a relevant sales or cost code for everything – never cop out with “general” or “miscellaneous”.
 The VAT account is the most important one from a [...]]]></description>
		<wfw:commentRss>http://www.oakacc.co.uk/how-should-i-keep-my-books/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Should I Go Limited?</title>
		<link>http://www.oakacc.co.uk/should-i-go-limited</link>
		<comments>http://www.oakacc.co.uk/should-i-go-limited#comments</comments>
		<pubDate>Wed, 11 Nov 2009 17:16:16 +0000</pubDate>
		<dc:creator>Chris Macleod</dc:creator>
				<category><![CDATA[Self-Employment]]></category>
		<category><![CDATA[Start-ups]]></category>
		<category><![CDATA[accountancy]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[book-keeper]]></category>
		<category><![CDATA[cockermouth]]></category>
		<category><![CDATA[cumbria]]></category>
		<category><![CDATA[fees]]></category>
		<category><![CDATA[limited company]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[National Insurance]]></category>
		<category><![CDATA[pension]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://www.oakacc.co.uk/?p=117</guid>
		<description><![CDATA[1.    Summary of Key Points
•    From a purely financial point of view, a sole trader should consider forming a limited company when he or she expects net profits at a rate of over £12,000 per year.
•    Above £18,000 of net profits, he or she will definitely be financially better off going limited even after accountancy [...]]]></description>
		<wfw:commentRss>http://www.oakacc.co.uk/should-i-go-limited/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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