Blog

3 things to consider when taking on your first employee

November 09 2018 @ 9:50 am by Sam Wright

Taking on your company’s first employee is a significant moment in the development of your business. Every entrepreneur can remember the day they hired their first member of staff – just ask the Wolf of Wall Street. As important as this milestone is, administrative challenges, legal complications and customary red tape can pull you and […]…

Making Tax Digital: Trick, or Treat?

October 31 2018 @ 9:29 am by Sam Wright

Tax returns can be scary at the best of times, even more so if the words ‘digital’ or ‘electronic’ are involved in the undertaking. But while you may not be completely up-to-speed with Making Tax Digital, or the latest accounting technology – and who can blame you? – your accountant most certainly should be. Here […]…

Which expenses are you entitled to if you’re self-employed?

October 26 2018 @ 9:37 am by Sam Wright

From pencil cases to parking payments, there are plenty of costs associated with self-employment. The good news is, many of these costs are classed as ‘allowable business expenses’ and can be deducted before you work out your annual taxable profit. So, in practice, if you earn £35,000-per-year and you claim £5,000 in allowable business expenses, […]…

Calling All Bloggers & Creators; Declare Your #Influence to HMRC

October 19 2018 @ 10:00 am by Sam Wright

Last year, almost 30,000 people earned revenue from their content and influence online, according to HMRC. Within the next 18 months, that figure is expected to treble. Successful collaborations between brands and influencers tend to strike a balance between organic and ‘paid-for’ content. They serve to entertain, increase awareness and, ultimately, generate sales and revenue. […]…

‘Dear Danbro, Should I Incorporate My Business?’

October 12 2018 @ 10:00 am by Sam Wright

From our very own sole trading clients, to those who are just starting out in business, here at Danbro we’re frequently asked about the benefits of incorporating a business into a limited company. Whilst incorporation can have substantial advantages for contractors, freelancers and small business owners, it doesn’t necessarily suit everyone. So, should you incorporate […]…

The Rapid Rise of the ‘Other’ Selfie Culture

October 05 2018 @ 10:00 am by Sam Wright

Here in the UK, we’re surrounded by selfies! And not just teenagers with sticks adjusting their reflected photos with emojis and filtered dog ears. Since the turn of the century, the number of self-employed workers in the UK has risen to record levels, and it’s an increase which shows no signs of slowing.   Self-Employment […]…

The Relationship Between Umbrella Companies & The Apprenticeship Levy

September 28 2018 @ 2:29 pm by Sam Wright

The Apprenticeship Levy – in particular how it is being applied by Umbrella Companies – is a complex piece of legislation, and one that is causing considerable confusion amongst some in the industry. Unite, one of UK’s largest workers’ unions, recently called for a “crackdown” on the alleged profiting of Umbrella Companies from Apprenticeship Levy […]…

Ten Top Tips for Starting a Business

September 19 2018 @ 1:57 pm by Sam Wright

Have you got a game-changing new business idea but are uncertain about how to start-up on your own? Are you tired of being just another employee and have ambitions to work for yourself? Self-employment is a brave step to take and one that has the potential to be incredibly rewarding but there are a few […]…

Flexible working – the very modern concept that’s shifting the employee landscape

September 10 2018 @ 10:43 am by Sam Wright

Here at Danbro, we believe that flexibility is good for business. Flexible working is a concept that embodies our company’s values of trust, respect, integrity and, most importantly, family. In today’s society there’s an increasing amount of pressure on your time but, if your job has flexibility, you have the capacity and control to get […]…

HMRC Spotlight on Non-Compliant Umbrella Companies

September 04 2018 @ 11:16 am by Dena Salthouse

We’ve previously spoken about the risks attached to non-compliant umbrella companies and the rogue models they offer; this month HMRC have further spotlighted this practice in their guidance on what to do if your umbrella company offers to reduce your tax liability and increase your take home pay. “…you’re highly likely to be avoiding tax […]…
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