Everything UK Freelancers and Small Businesses Need to Know About Accounting and Taxes
Dec 26, 10:00AM to Jan 06 , 12:00PM GMT

About this Event

The two-hour Everything UK Freelancers and Small Businesses Need to Know About Accounting and Taxes virtual conference helps UK-based freelancers and small businesses understand the oftentimes complicated world of accounting, tax returns, and VAT. 

Accounting actually isn’t complicated, but failing to do one’s accounting properly can lead to penalties from HMRC, and sometimes even to costly tax investigations. You don’t always need an accountant to help you keep your accounts in order. In this virtual event, we will help freelancers and small business owners take back control of their accounting, and so help them gain more time for what’s important in business—getting out there, getting known, and generating sales!

 

The two-hour Everything UK Freelancers and Small Businesses Need to Know About Accounting and Taxes conference is also available as a client-customized private course via EventsX. Please contact the course administrator for details.

 

Who should attend

  • Freelancers
  • Business Owners
  • Bookkeepers
  • Finance Professionals
  • Finance Employees

 

Why you should attend

  • In-depth understanding of UK tax and accounting laws and how they can affect your business.
  • Know how to deal successfully with any HMRC tax investigation.
  • In-depth explanation and demonstration of popular accounting software so you can make an informed decision.
  • Knowing the different filings and returns that need to be done, and when.
  • Insight into what you should expect of any accountant if you do happen to need one.

 

What are the benefits

  • Long-term cost savings because of better efficiency when doing your accounting. 
  • Correct choice of accounting software, according to your needs. 
  • Protection against HMRC tax investigations.
  • Full knowledge of everything you need to know about accounting and UK tax laws so that you aren’t hit unexpectedly with surprise fines.

 

What previous delegates have said about similar events

  • Great course that explained everything I needed to know to do my taxes properly as a freelancer.
  • The information presented was fantastic. We saw ways that we were losing money simply because we were using the wrong bookkeeping system. It paid for itself!
  • Down-to-earth and very practical tips and information.

 

What you will get

  • Two-hour virtual training from an expert.
  • Full and complete understanding of UK tax and accounting requirements and laws.
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Schedule
Dec 15 10:00AM–11:00AM GMT · Stage
What is accounting, really?
Do you think you know what accounting is? Well, we’d like you to let us explain it in a way you’ve probably never heard before. Failure to do your accounting properly can result in fines from HMRC, and understanding what accounting is, is the first step to avoid making mistakes in accounting!
Dec 15 10:00AM–10:30AM GMT · Session
The difference between freelancers (sole traders) and limited companies
We touch on the key differences between sole traders and limited companies, how each can withdraw earnings from their respective ventures, and what the different tax and filing obligations are for each.
Dec 15 10:00AM–10:30AM GMT · Session
Bookkeeping basics
Before accounting can get done, bookkeeping must be done. Bookkeeping is the action of logging every single transaction in a business into special ledgers so that they can be accounted for later in the accounting cycle.
Dec 15 10:00AM–10:30AM GMT · Session
Overview of accounting software. Should you use it?
Bookkeeping used to be a tedious and immensely time-consuming task before the arrival of special software that has cut down bookkeeping and accounting time by at least 70%. We discuss the benefits of bookkeeping and accounting software and why you might want to use it.
Dec 15 10:00AM–10:30AM GMT · Session
Overview of accounting software. Should you use it?
Bookkeeping used to be a tedious and immensely time-consuming task before the arrival of special software that has cut down bookkeeping and accounting time by at least 70%. We discuss the benefits of bookkeeping and accounting software and why you might want to use it.
Dec 15 10:00AM–10:30AM GMT · Session
Deep-dive into Xero, Quickbooks, and FreeAgent
Three accounting software packages we love are Xero, Quickbooks, and FreeAgent. Each has its market and is more suited to certain business types than the other. We go into the basics of each software so you can make a choice regarding the one you’d like to use.
Dec 15 10:30AM–12:00PM GMT · Session
Making payroll easy
Even sole traders need to run payroll if they employ other people. You don’t need to be a limited company to hire others. Payroll is a long and complicated task that has been made much easier by special software to do it. We talk about the different aspects of payroll that must be done, and what deductions must be made, and then run through some of our favorite payroll software providers.
Dec 15 10:30AM–12:00PM GMT · Session
Understanding business rates
Business rates are special property taxes paid on non-domestic properties such as shops, pubs, offices, warehouses, etc. We talk in depth about what they are, how they are calculated, and how they relate to your accounting.
Dec 15 10:30AM–12:00PM GMT · Session
Company accounts and year-end filings
Limited companies must file certain documents on specific dates. These documents must be filed with HMRC and Companies House. We discuss the dates these must be done by, and precisely how they are done.
Dec 15 10:30AM–12:00PM GMT · Session
Self-assessment tax returns
Sole traders need to fill in self-assessment tax returns to declare their income and deductions. But so do UK landlords and a few other categories of people. We go over this form and how to fill it out.
Speakers
Thomas Matthews
Tax Consultant
Charles White
Accountant
Joseph Griffiths
CFO
Richard Knight
Accountant
David Corbyn
CEO
Robert Evans
CFO
Booths
AccountingTown
UK Tax advicer & Legal Services
Bookkeeping LLC
Bookkeeping, Accounting automation and payroll services in UK
Avanta Accounting
Tax planning and preparation. Perhaps this is the most defined role for accountants across the globe.
Accounting Forensic
Business development and valuation in UK
Star Accounting LLC
Chartered accounting, Forensic accounting, Financial controller services