Ask AMS

See how our expert guidance can help you.

Search our knowledge base below

Our Latest Insights

Bookkeeping advice when setting up a business?

I’m setting up a business.  What should I do around bookkeeping? When setting up a business it is important to make sure your bookkeeping system is suitable for your type of business – and also for your skills.  It should enable you to extract useful information (e.g....

read more

What is the marginal rate of tax?

The marginal rate of tax paid is “the percentage of tax paid on earnings for the next pound earned.” What that means is that if you earn £50,000 your marginal rate of tax is 40% because for the next pound that you earn, you will be paying tax at 40%.  Below are the...

read more

Should I set up as a Sole Trader for my new business?

Not necessarily, a Limited Company can result in you paying less tax and - while a Company owner might lose their business - a Sole Trader (self-employed) can lose personal assets as well! See video. If profits are below about £12,500, acting as a Sole Trader makes...

read more

Ask AMS Videos

In 2007 we had the idea of publishing short articles in the local press which could be useful for small businesses. Our approach was to answer questions frequently asked by our clients with clear and genuinely helpful answers.

The natural progression was to produce videos and since 2015 our video library has increased to over 80 videos in 7 different categories.

We make every effort to stay relevant to small business and contractor issues – hopefully you will find them useful and easy to understand!

See how we can help you

If you are a small business or a Contractor – we are here for you. We will help you through all stages from setting up to reviewing your existing business – making sure that you have the most tax effective structure.

Subscribe to our newsletter

By submitting your details you agree to receive email marketing from AMS Accountancy and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.