Lee Murphy

Posts by Lee Murphy

MAAT and ICPA accountant, with a passion for making accountancy and bookkeeping accessible. Other interests include cloud-based software development for web and mobile access, keeping fit, reading, and entrepreneurship.

What Is A Tax Reference Number?

What Is A Tax Reference Number?

Each employer and pension provider has a unique reference number which identifies their tax records with HMRC – one of many...

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What Information Should I Give my Accountant for Self Assessment?

What Information Should I Give my Accountant for Self Assessment?

HMRC use your Self Assessment tax return to calculate the amount of tax you owe as a small business owner, freelancer...

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How Do I Close a Limited Company?

How Do I Close a Limited Company?

The decision to close down your limited company might not always be an easy one, whatever your circumstances. After all that...

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What is a Dormant Company?

What is a Dormant Company?

A dormant company isn’t the same thing as a closed company, and there are different definitions of ‘dormant’ depending on whether...

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How Do I Pay My VAT Bill?

How Do I Pay My VAT Bill?

There are multiple options when it comes to paying your VAT bill to HMRC, including Direct Debit, an online card payment,...

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Your Guide to Applying for a Business Grant

Your Guide to Applying for a Business Grant

Business grants are a non-repayable source of funding which eligible organisations can apply for. Unlike loans, grants are normally provided by...

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Do You Pay National Insurance on Pension Income?

Do You Pay National Insurance on Pension Income?

You'll stop making National Insurance Contributions when you reach state pension age, so you won't normally need to pay NI on...

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Are Legal Costs Tax Deductible?

Are Legal Costs Tax Deductible?

Starting and running a business can mean you incur all sorts of legal costs, from drawing up contracts to hiring a...

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Can a Company Have Two Managing Directors?

Can a Company Have Two Managing Directors?

A director is responsible for the success of a company, whilst ensuring it’s compliant with any regulations. It’s a lot of...

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Can I Claim Tax Relief on Maintenance Payments?

Can I Claim Tax Relief on Maintenance Payments?

It is possible to claim tax relief on maintenance payments you make to a former spouse or civil partner. The tax...

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The SME Business Owner Mental Health Report: Chapter One

The SME Business Owner Mental Health Report: Chapter One

Living during a pandemic has been a tough experience for everyone, and being directly responsible for their own livelihood (and potentially...

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