Sole Trader vs Limited Company

Posted on 11th September 2024 by Rob Mollan

Sole Trader vs Limited Company: What’s the Difference Choosing the legal structure of your business – whether you go with sole trader or limited company – affects everything from your tax rates to liability and business benefits. With over 40 … Continue reading →

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What is Capital Gains Tax?

Posted on 25th July 2024 by Rob Mollan

Understanding and complying with Capital Gains Tax (CGT) is crucial for effective financial planning and legal compliance, helping you to avoid penalties, interest charges, and financial losses. To ensure you maximise your assets, we’ve compiled a complete capital gains tax … Continue reading →

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How to pay Corporation Tax as an SME

Posted on 27th June 2024 by Rob Mollan

As an SME business, a big annual task is paying corporation tax. It can be a complex business, with several factors to take into account when submitting your corporate tax returns. At Mollan & Co, we have over 40 years … Continue reading →

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Director’s Loans: A Guide for UK Businesses

Posted on 21st June 2024 by Rob Mollan

A director’s loan can refer to both money borrowed by a director from their own company and money lent by the director to the company. These loans can be a useful financial tool for business owners, providing flexibility in managing … Continue reading →

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ThreeBestRated Accountants – winners

Posted on 16th August 2023 by Rob Mollan

We are pleased to announce that we have been selected a one of the top three accountants in York. This is now the fifth year in a row we have been awarded this title,  we must be doing something right! … Continue reading →

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Making Tax Digital For Landlords Explained

Posted on 22nd April 2022 by Rob Mollan

Making tax digital for landlords has been on the cards for some time, and now the government has confirmed the start date for landlords and other property investors to report tax quarterly under the new system. Therefore, from 6th April … Continue reading →

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Universal Credit – how does it work

Posted on 9th April 2020 by Rob Mollan

The Chancellor has announced that self-employed individuals can apply for Universal Credit in full at a rate equivalent to Statutory Sick Pay. While we are unable to apply for UC on behalf of clients we have prepared the following guidelines … Continue reading →

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Payment of VAT, Self Assessment & other taxes

Posted on 6th April 2020 by Rob Mollan

VAT HMRC have deferred all VAT payments falling due between 20 March 2020 and 30 June 2020. There is no application to make, it is automatically done. They have confirmed there will be no interest or penalties providing payments are … Continue reading →

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Coronavirus Business Interruption Loan Scheme (CBILS) – updated 03/04/2020

Posted on 3rd April 2020 by Rob Mollan

Coronavirus Business Interruption Loan Scheme (CBILS) This scheme is designed to give businesses easier access to funding and can provide loans up to £5m with Government guaranteeing 80% of any losses suffered by the lender. More importantly, the requirement to … Continue reading →

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Self-employment Income Support Scheme FAQs

Posted on 31st March 2020 by Rob Mollan

What is the scheme for? The Government have announced the Self-employment Income Support Scheme help support self-employed individuals through the current crisis. There are a few key criteria that must be met in order to access the scheme: • You … Continue reading →

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