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Cloud Accounting - Michael Rutherford

‘Up in the Clouds’ – Why Cloud Accounting is the future for businesses, big and small

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What’s all the fuss about?  You’ll likely have seen a lot of advertising around ‘Cloud Accounting’ and ‘Making Tax Digital’, but does that add value to your business as a business owner?  The clear answer is yes, but perhaps not for the reasons you think.  The transition to cloud accounting is likely to have more […]

Directors Loan Account

Directors Loan Account – What is it and what are the tax implications?

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Often, people who run Limited Companies, particularly those that have only recently set the company up have either never heard of a Director’s Loan account or those that have heard of them do not know how they operate from a tax perspective.

What is Cloud Accountancy?

What is Cloud Accounting all about?

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You’ve probably heard the term ‘cloud accounting’ but what does it mean and more importantly why does it benefit your business?

Benefits of a Limited Company

Benefits of Operating as a Limited Company

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Limited company vs Sole Trader. What to choose? Do you know the main benefits of operating as a Limited Company? Read the article to learn more:

Toast Wins North West Business Award

Toast Accountants shortlisted for NW Business Award

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We’re delighted to announce that Toast Accountants is nominated for North West Business Awards in TWO categories:

Toast Podcast

Toast Accountants launches a series of podcasts with business leaders and entrepreneurs from Northern Ireland

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Online accountancy practice Toast Accountants Ltd based in Derry, Northern Ireland, is launching a series of podcasts. 

Toast Xero Silver Partner

Toast becomes a Xero Cloud Accounting Silver Partner

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We are glad to announce that Toast is now a Xero Silver Partner. The new status confirms the deep expertise of our accountants in delivering the highest quality services to our clients using Xero cloud accounting software.

Dividend Tax Rates

Dividend tax rates 2022-2023

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If you weren’t already aware, last week there were a number of announcements made by the Chancellor in the Autumn Budget 2021. One of the announcements was that there would be an increase in dividend tax by 1.25% from the 6th April 2022 in order to fund the health and social care sector. 

Employment Allowance

The £4,000 Employment Allowance

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Employment allowance is a tax relief scheme in the UK that allows eligible small business owners with employees to apply to reduce their annual National Insurance bill by up to £4,000.

VAT change for hospitality industry

VAT change for Hospitality Industry

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As of the 1st October 2021, a new VAT rate of 12.5% will affect businesses that produce certain supplies associated with hospitality, holiday accommodation or entry fees to certain types of attractions.

Covid Relief

Covid Relief: Implications for Business Owners

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With the UK slowly easing to recovery and with the support measures coming to an end, many business owners and self-employed individuals that received support from the Government during the pandemic are now looking to find out the long and short term implications of receiving these loans or grants.

Michael Rutherford speaks at Magee

Michael Rutherford speaks at the “Ulster Business School Magee Virtual Employer/Alumni Panel”

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On November 9, Toast Partner Michael Rutherford spoke at the “Ulster Business School Magee Virtual Employer/Alumni Panel”.

Claiming Business Expenses

What can I claim as a business expense and what can I not?

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Are you an established business or have you just set up and started to trade? Whatever the case, it is important to understand what expenses you can and cannot claim in order to maximise the tax relief that is available to you.

Cloud Accounting

Get benefits, save money: why businesses should switch to cloud accounting?

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Description: The accounting industry is rapidly evolving with the rise of technology. Accountants and businesses (small or large) can up their accounting game by understanding the accounting industry’s current trends. With the introduction of Cloud accounting software, it has enhanced an accountants ability to work closely with their clients to interpret data efficiently and effectively.

Self Employed

Tax Returns for Self-Employed Individuals – Explained

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Tax Returns, also known as self-assessments for the April 2020 to April 2021 tax year are due to be filed and paid on or before the 31st January 2022. Every year we come across self-employed individuals who are scrambling at the last minute to prepare and file their tax returns, which can be stressful and […]

Limited Company or Sole Trader

Should I Set Up a Limited Company or Is Being a Sole Trader Better?

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An important decision at some point for every sole trader is whether to incorporate the business and when does it make sense to do it. Some business owners decide to set up as a Limited Company from the start while others start off as a Sole Trade and either remain this way or make the […]

Toast Joins Chamber of Commerce

Toast joins Chamber of Commerce

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We are glad to announce that Toast Accountants becomes a member of the Chamber. As the largest business network in the region, it promotes strong business engagement to support the development, growth and sustained economic viability of its members and the wider business community of Derry City region.

Tax efficiency

Tax efficient ways to extract cash from your business

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Have you set up as a Limited Company and wondered how you can pay yourself? This guide outlines some of the most common and tax efficient methods of extracting cash from your business.

Small Business Masterclass

Masterclass for Small Business and StartUps: 9 things to keep in mind

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Your dream of becoming your own boss and running your own business has now become a reality but you have no idea of the process when it comes to registering your business or whether you should set up as a Sole trader or a Limited Company? Accounting makes you frustrated?

Tax Guide for Small Businesses and Start Ups

The Tax Guide for Small Businesses and Startups

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The evolution of social media over the last decade has led to the rise of start up businesses and entrepreneurs marketing and selling through social media platforms.