Accountants for start-ups
Starting your own small business is hard work, and while a little daunting at the beginning, it’s an exciting venture in your career.
Our goal is to provide small business startups with as much accounting support and advice as possible. We’ll sort all your tax, bookkeeping and accounts for you.
Our small business accountancy services have been designed to help your business build the strong foundations it needs to grow.
You can focus on your passion, we’ll take care of your accounts
Make us your business startup accountant from only £28+VAT per month and we’ll keep on top of all your finances, so you can concentrate on your new business.
All you need to do is send us your paperwork in one of our purple envelopes, or through the super-convenient Mazuma App. You can have peace of mind that your finances are being taken care of properly, and by qualified accountants. We’ll do everything for you, from all your bookkeeping to setting up your payroll.
Stress Free Accountancy Service
Here at Mazuma we understand the stresses involved in running a small business. Our hassle-free subscription based accounting services can take one of those stresses off of your hands. We help start-ups, sole traders, small businesses, freelancers and Limited companies with their monthly accounts.
We will do your
- Monthly management accounts
- VAT returns
- Monthly payroll
- Statutory end of year accounts
- Corporation or partnership tax return
- Self assessment tax return
Lets chat about Stress Free Accounts, Bookkeeping & Tax
So, which of my home office expenses are tax deductible?The working from home expenses which you can claim for are as follows:
- Council tax
- Light and heat
- Telephone and broadband
- Property repairs
- Your vehicle (including insurance, repairs, breakdown cover and fuel)
How much can I claim?There are two basic methods to calculating your tax deduction, which are:
1. Analysing the costs methodHM Revenue & Customs (HMRC) states that you need to apportion the running costs of your home on a “fair and reasonable” basis. This means splitting it fairly between the private element of the cost (the part that relates to your personal living costs) and the business element. Depending on the type of your business, how much you can claim for will vary. To proportion your home expenses accurately, HMRC has suggested guidelines to follow:
- Area: What proportion in terms of area of the home is used for business purposes?
- Usage: How much is consumed? This is appropriate where there’s a metered or measurable supply such as electricity, gas or water.
- Time: How long is it used for business purposes?
2. The simplified expenses methodThis simplified method was provided by the government to “combat the complexity” of working out your home office expenses. Basically, you calculate your allowable expenses using a flat rate based on the hours you work from home each month. It’s easier as you don’t have to work out the proportion of business and personal use - but may not save you as much on tax. The amount varies with the number of hours you work per month at home, as follows:
- 25-50 hours: £10 per month
- 51-100 hours: £18 per month
- 101 hours or more: £26 per month