VAT

27 Dec Sole trader or start-up? How hiring an accountant saves you valuable time

Posted at 12:43h in Accounting, Bookkeeping, Cloud Accounting, freelancer and sole trading accounting, Making Tax Digital, Payroll, Self Assessment, Small business accounting, Start up business accounting, Start-Ups, VAT by SQK ACCOUNTING 0 Comments

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If you’re a sole trader or start-up, every opportunity to secure a client or make another sale is crucial. The last thing you want to do is waste precious time that could be spent chasing leads trying to get your business finances in order. If your business...

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04 Dec Claiming expenses as a sole trader

Posted at 13:57h in Accounting, Bookkeeping, freelancer and sole trading accounting, Self Assessment, Small business accounting, Start up business accounting, Start-Ups, VAT by SQK ACCOUNTING 0 Comments

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If you’re considering embarking on a new career as a sole trader, or if you’re about to launch a start-up as a sideline to your existing occupation, you might be apprehensive with regard to how taxes and expenses work. As a sole trader, your company won’t...

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24 May What are the benefits of voluntary VAT registration?

Posted at 15:17h in Accounting, Business, VAT by SQK Accountancy 0 Comments

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VAT registration becomes mandatory for your business if your annual turnover has been over £85,000 or is predicted to be so over the following 30 days. If your turnover is under that, VAT registration is not legally required. Many smaller businesses still choose to become...

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24 Nov Should a business register for VAT voluntarily?

Posted at 14:34h in Accounting, Bookkeeping, Business, VAT by SQK Accountancy 0 Comments

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VAT can cause a lot of confusion for business owners and if you are not earning above the minimum threshold to automatically be VAT registered, it may not seem worthwhile to understand it in detail. However, there are benefits that can come with being a VAT...

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19 Aug Will Brexit impact on UK business start-ups?

Posted at 08:17h in Accounting, Business, VAT by SQK Accountancy 0 Comments

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Many business start-ups have expressed considerable concern over Brexit and the ways it could impact on their trading and profitability. So, we've taken a few minutes to round up some key aspects of Brexits to provide some degree of reassurance for existing small businesses and planned...

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10 Jul Three basics companies need to know about VAT

Posted at 10:33h in Accounting, Start-Ups, VAT by SQK Accountancy 0 Comments

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For many people, VAT is rarely thought about. It’s an additional cost on products, but as it is incorporated into the displayed price for many items in the UK, it almost becomes an invisible tax. As such, many people don’t know much about it or even...

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03 Jul Why should your business consider voluntary VAT registration?

Posted at 10:27h in Accounting, Start-Ups, VAT by SQK Accountancy 0 Comments

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You will probably already know that becoming a VAT registered company is a legal requirement after your business reaches a taxable turnover of £85,000 (as of 2018/2019). But businesses can actually register for VAT before that - are there any benefits of doing so? Well, actually, there...

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14 Jun Why does my UK tech startup need professional accountants?

Posted at 15:59h in Accounting, Start-Ups, VAT by SQK Accountancy 0 Comments

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Starting a business in the competitive UK tech market means staying on track with all the latest innovations within your field. One vital consideration for any UK tech startup is accountancy and ensuring the business is up-to-speed with all legal obligations relating to payroll, PAYE, National...

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02 May A startup and small business VAT planning strategy

Posted at 11:31h in Accounting, Start-Ups, VAT by SQK Accountancy 0 Comments

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If you're planning a startup or already running a small business, VAT and registering for VAT will be a major consideration. This is particularly the case if you're close to reaching the VAT threshold or know your startup will go over this limit in the...

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18 Apr 4 VAT mistakes to avoid

Posted at 11:31h in Accounting, Business, VAT by SQK Accountancy 0 Comments

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If your annual turnover exceeds £85,000, then you must register to pay VAT. However, VAT can be somewhat confusing for many small businesses. In order to avoid any penalties down the line, it's important to make sure you're following the rules on VAT. Here are...

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