Countingup business current account

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[Countingup business current account @CountingupHQ]

Thanks for featuring our news @techday_uk 🗞️

[TechDay United Kingdom @techday_uk]

Countingup introduces SmartTax AI, utilising machine learning to automate tax tasks for UK small businesses, aiming to save time and approximately £4,500 annually on compliance costs. #SmartTaxAI #TaxAutomation #UKBusiness #FinTech https://t.co/zmXNRQ0FYJ

[Countingup business current account @CountingupHQ]

Shopping for your small business? Stay scam-smart with 3 tips when buying items online 👇

If something doesn’t seem right, contact us in the app – we’re here and happy to help.

More on fraud awareness here: https://t.co/SdhEmiH0YO

#FraudPrevention #OnlineSafetyTips

[Countingup business current account @CountingupHQ]

Few things spark dread like the word 'taxes', right? 😅
But what if it didn’t have to? 🤔

Well, we've added a new space in the app where all your tax tools live together to help relieve some dread.

Think: tax expert, but in your pocket 👖

[Countingup business current account @CountingupHQ]

We’ve got exciting news to share! 📣

Countingup is proud to join Grow London Local as an official Business Support Provider.

Now, we’ll be able to support even more London-based businesses to start, run and grow with confidence 🌱

[Countingup business current account @CountingupHQ]

Wrapping up the ✨Financial Glow Up✨ with a playlist to keep you going when tax time comes knocking! 💸

Thanks for joining us for 2 weeks of tax tips and tricks. We hope you're feeling empowered and ready to tackle it all 👋

[Countingup business current account @CountingupHQ]

Today’s ✨Financial Glow Up✨ reminder: tax habits don’t have to be big to make a difference.

Here are 3 little things you can do that your future self (and your accountant 👀) will seriously thank you for...

Small moves now = less stress later 🙌

[Countingup business current account @CountingupHQ]

Has tax season already got you panicking? 😬
You’re not alone but you can stay ahead of it.

Here are 3 ways to avoid the panic:
✅ Set aside a % of your income
✅ Track what’s coming in and going out
✅ Use tools that estimate tax as you go

That’s your ✨Financial Glow Up✨

[Countingup business current account @CountingupHQ]

It's part 7 of your ✨Financial Glow Up✨

We're answering one of the most common questions we hear from business owners: "Can I expense this?" 👀

Tap through below to learn what qualifies as a legit business expense.
Spoiler: your daily coffee might not make the cut 🙃

[Countingup business current account @CountingupHQ]

Before you switch off for the bank holiday weekend... We’ve got a quick question for you 👇

What’s your biggest tax-time stress as a business owner? 😅

Tell us your pain point and we’ll be back next week with tips to help you sort it as part of our ✨Financial Glow Up✨ series!

[Countingup business current account @CountingupHQ]

Self-employed but work from home? Today's ✨Financial Glow Up✨ is for you 👇

There are lots of different expenses you can claim when working from home, including:

[Countingup business current account @CountingupHQ]

4️⃣ Contribute to a company pension scheme!

Pension contributions are classed as a business expense. It’s worth adding that making the contribution through your limited company is usually more tax-efficient than making the contribution yourself.

See you in the next one 👋

[Countingup business current account @CountingupHQ]

We’re back with part 4 of the ✨Financial Glow Up✨. Today we’re discussing how limited company owners can LEGALLY pay less tax 👇

1️⃣ Make sure to track every business expense. Those £2s here and there might not feel worth keeping track of, but over a year, they add up!

[Countingup business current account @CountingupHQ]

3️⃣ You’re a separate entity from your business (although it might not always feel that way 🫠), so remember to pay yourself a salary. Salaries are business expenses, so when you pay yourself, you’re reducing your profit and in turn, your Corporation Tax.

[Countingup business current account @CountingupHQ]

@nifortescue Hi @nifortescue, thanks for getting in touch. We're sorry to hear your cashback hasn't been paid yet. Cashback should be granted by TopCashback, so we recommend that you reach out to them so they can investigate matters. Let us know if we can help further.

[Countingup business current account @CountingupHQ]

@HMRCgovuk 4️⃣ If you happen to have overpaid tax in previous trading years (when does this ever happen 🫠?), you can claim a refund.

So if you notice a mistake in a previous tax return, make note and write to HMRC explaining what you’ve found.

Allowances for limited companies coming next!

[Countingup business current account @CountingupHQ]

The next part of the ✨Financial Glow Up✨ is to get to know how you can make the most of your money.

So here are 4 ways to LEGALLY pay less tax as a sole trader 👇

[Countingup business current account @CountingupHQ]

@HMRCgovuk 3️⃣ Making charity donations is an easy way to reduce your tax bill. This is particularly useful if you pay a higher rate of tax, as you can claim a higher rate of relief on your donations.