Forget everything you know about business banking 📲Money, accounting and tax in one smart app 🤝 Trusted by 100,000 small businesses

United Kingdom
Joined June 2017
Thanks for featuring our news @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 techday.co.uk/story/counting…
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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: bit.ly/3VbNAYb #FraudPrevention #OnlineSafetyTips
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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 👖
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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 🌱
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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 👋
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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 🙌
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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✨
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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 🙃
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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!
0%Figuring out expenses
0%Keeping receipts & record
0%Tax filing deadlines
0%Understanding tax owed
0 votes • Final results
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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:
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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!
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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.
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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 👋
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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 👇
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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.
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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!
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The first step in giving your business a ✨Financial Glow Up ✨ is putting important financial dates in your diary so you know what's happening when 🗓️ Save this post as a reminder or share with a self-employed friend! #SelfEmployed #SmallBizCommunity #Taxes
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