Changes to dividend taxation and the impact on company owners

How is dividend income taxed? The taxation of dividends changed on 6 April 2016, the Dividend Tax Credit was replaced by a new Dividend Allowance of £5,000 (to be reduced to £2,000 in April 2018). Dividend income that exceeds the Dividend Allowance threshold, will be...

A new website that represents a new Tyrrell & Company

Your business’s website is such a critical part of your brand these days. Your site is your shop window, your content hub, your eCommerce centre and the place where most of your customers and prospects will come to find out more about you, your products and your...

Expenses – are you claiming enough?

A recent YouGov poll of 5,000 self-employed people and freelancers revealed that 3 out of 4 of them don’t claim all their expenses and nearly 20% claim less than half or none at all!

Xero: helping us deliver cutting-edge business advice

At Tyrrell and Company, we’ve always put sound, insightful business advice right at the heart of our client relationships. It’s in the DNA of the firm. And we’ve always dreamed of having a software system that could deliver the quality numbers and data needed to deliver truly first-rate reporting, forecasting and guidance to our client base of ambitious business owners. So you can imagine how blown away we were when we first saw how Xero online accounting software could deliver on this long-held dream.

The 7 reasons you’re making profits, but have no cash in the bank

If you’re managing your business’s financial situation by keeping one eye on your bank balance and the other on your outstanding bills, you’re missing out on a huge number of insights into the liquidity of your venture.

You may be reporting year-end profits, but when your everyday cash situation is looking worrying – due to running costs, overheads and tax liabilities – it’s time to delve into the numbers and get a better handle on your cash flow.