As your business grows, you must remember to register for VAT. Does your company need to do it, if so, when, and what else do you need to know about it? Here are the basics. Does your company need to register for VAT? Some companies have to...
You've just started a new business, and you've already conquered some of the more difficult problems that come with getting established. Yet now that you're ready to begin trading, you need to consider a long term approach to your accounting and staff payroll. Maybe you've so...
As the owner of a small business, there will always be some administrative work waiting on your desk, whether it’s running the monthly payroll or dealing with the end of year accounts, and often these can be left until the last minute. Rather than trying to...
From the 1st April 2016 and during 2017, there are some new changes coming into effect which will impact people buying Buy to Let properties. The new rules cover stamp duty, mortgage relief, wear and tear costs and safety rules. Here the changes are explained,...
Have you submitted your VAT Return to the HMRC and just realised you made a mistake? How can you tell HRMC about it, when, and how can you make adjustment to your accounts and, of course, your return? All that and more will be discussed...
Paper Sometimes using loads of paper can’t be helped, but if you do use paper then make sure you use both sides. If you can’t then cut up any spare pieces and use them for taking notes. You can bundle some up and staple them together....
If you missed the deadline for filling a paper tax, which is 31 October, or online self-assessment submissions (SA100 or SA200), which is 31 January, there is not much you can do. However, know that the more you delay, the more fine you’ll have to...
If you decide to work for yourself, you are called a sole trader. A sole trader must register for Tax and National Insurance. A trader is someone that sells, makes items or offers a service for profit. Working for yourself means being responsible for your company’s...
If you are still trying to get a loan for your start-up, here are some additional ways you could finance your business. Grants Whether you are eligible for a grant or not will depend on your business or background. Bear in mind that it’s very difficult to...
If you decide to work for yourself, you are called a sole trader. A sole trader must register for Tax and National Insurance. A trader is someone that sells, makes items or offers a service for profit. Working for yourself means being responsible for your company’s...
Most aspiring entrepreneurs are concerned about the lack of capital that could help them back up their viable idea to start a business. However, once you know where to look, securing funding won’t be as daunting as you thought it would be! There are lots...
The Marriage Allowance enables you to reduce your tax by up to £212. This is achieved by transferring up to £1,060 of your personal allowance to your husband, your wife, or your civil partner. Your personal allowance is the part of your earnings that you don’t...