Blogs

Welcome to the BYNC Blog from By Nature Consulting Limited


Our blog covers information about BYNC, accountancy, finance and relevant business support topics.

Our blog covers our services, industry changes and relevant news and information. From topics such as tax and expenses to payroll and book-keeping, we have it covered.

Making tax digital with help from BYNC
By Kim Baldwin 09 Oct, 2023
For small business owners and the self-employed, staying on top of changes to tax filing requirements is crucial. Getting the right MTD-compliant software in place and preparing ahead of time makes filing your returns and paying your taxes quick and easy, helping to manage your finances so your cash flow isn't impacted.
By Kim Baldwin 09 Oct, 2023
Starting your own business and working for yourself can be an exciting yet daunting time. One of the first decisions you will have is whether to run your business as a sole trader (self-employed) or a limited company, but what is the difference?
By Kim Baldwin 20 Feb, 2023
She Means Business, the business support organisation for women looking to become self-employed, has officially launched.
By Kim Baldwin 20 Jan, 2021
With the economy in turmoil and legislative changes happening frequently, the safest and simplest option was to instruct employees to work from home. If you were someone who had never worked from home before this took some adjusting. Spare tables, rooms and areas were turned into offices and laptops and Wi-Fi were upgraded to cope with the new normal. With the “stay at home” message loud and clear, your commute became a great way to start the day. However, with these changes came associated costs including gas, electric, software, furniture and water – all of which would not have been incurred had homeworking not been introduced. Items such as chargers, headsets and computer equipment were purchased along with video calling software which really came into its own in the last few months. In essence, you have set up and managed your own satellite office of your employer and so now, in the same way as the self-employed do, you are entitled to claim expenses via HMRC – even if you work part-time. We appreciate not everyone is au fait with HMRC processes and so at By Nature Consulting Limited we offer a straightforward expenses claim service. Using our online submission form, simply enter key details of your costs, your bills and your employment status and we will do the rest. It doesn’t matter if you have worked at home for one day and the rest of the week at your usual place of work or if you work part-time or full time you are entitled to claim. Once submitted, we will review your information and your account manager will be in touch. We understand some costs may be difficult to quantify so we are happy to advise where necessary and talk you through how the process will work. Your account manager will monitor the claim on your behalf until completion and be available throughout the process should you have any questions. They will also be able to advise you on any other taxation or HMRC queries. This isn’t just exclusively for those who have worked at home during the corona virus pandemic either. If you have worked at home at any time in the last six years, we can review your tax submissions and submit a claim for expenses on your behalf. If you would like to know more click here or contact us .
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