Many new business owners tend to take on all roles of the business in order to have more control and to save on money until such time they can afford to hire a professional. Marketing, advertisement, website design and bookkeeping are some of the a ...
The VAT domestic reverse charge procedure is an anti-fraud measure designed to counter criminal attacks on the UK VAT system by means of sophisticated fraud In order to combat fraud in the VAT sector there are some domestic supplies which are subjec ...
If you are affected by the VAT Reverse Charge then you may need to know how to show this information on the invoices to your customers. When supplying a service subject to the domestic reverse charge, suppliers must: show all the information requir ...
To Register or Not to Register: Pros and Cons of Voluntary VAT Registration For many small business owners, deciding whether or not to voluntarily register for Value Added Tax (VAT) can be a perplexing decision. In this blog post, we will explore t ...
Do you often find yourself groaning at the mere mention of bookkeeping? We don't blame you. It's easy to view bookkeeping as nothing more than a necessary evil, a tedious process of crunching numbers and filling out never-ending forms. But what if ...
If you are a small business owner in the UK, navigating the complexities of the Value Added Tax (VAT) system can seem daunting. Yet understanding the implications of VAT for your business is vital, as it affects your pricing, cash flow, and even le ...
As a small business owner, you may have heard the term "bookkeeping" tossed around. It may even be a responsibility that's landed on your desk. But what does bookkeeping really mean? Why is it so important? And most critically, how can it bolster t ...
Value-Added Tax (VAT) can be more of an art form than a science, with complexities and nuances that defy simple categories. While the general principles of VAT are well-known, some particular cases highlight the intricacies of the system. In this ar ...
Being a sole trader is a fantastic way to take charge of your professional life. However, it also means that you're in charge of every financial aspect of your business. From managing expenses to saving for taxes, the financial responsibilities can ...
Financial management forms a critical pillar of any business. Among the various fiscal obligations that a business owner must manage, one responsibility that often induces anxiety is the prospect of a financial investigation conducted by Her Majest ...
There was a lot to digest after todays budget announcement, so here is a recap: Income Tax Threshold - previously, 45p in every £1 earned above £150,000 would be paid in income tax. However, the new budget announcement has seen this threshold drop ...
The Digital Age - Making Tax Digital (MTD) - What is it? 'MTD is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC’s ambition is to become one of the m ...
