VAT on Food – a complex minefield
If you sell food for human consumption, it can be zero rated (unless it is supplied in the course of […]
Ways to improve cash flow
The old adage “Cash is King” has rarely been truer. No cash means you are unable to pay your employees,
Beware the High-Income Child Benefit Charge
You may have to pay the High-Income Child Benefit Charge!if you or your partner have an individual income that’s over
Suppressing sales on electronic tills!
ESS – electronic sales suppression – is where a business uses a tool to either hide or reduce the value
Making Tax Digital – a 2 year deferral
In December, there were some announcements from HMRC regarding their plans for Making Tax Digital. Originally scheduled to start for
Watch those interest rates
Many will have savings tucked away, perhaps in ISAs or in standard savings accounts. Despite 9 interest rates in 2022,
Have you had an HMRC letter saying the 2020/21 tax return has not been submitted?
There was apparently a glitch in HMRC systems, and many taxpayers are receiving letters intimating the returns have not been
Document your systems! No one person is going to be in place forever…
In a business recently, the IT director was due to make many changes to add a new employee to all
The effects of cutting prices – do you realise how much more you need to sell to achieve the same level of profit?
It is very easy to reduce prices, but in doing so, this will affect your gross profit margin. Yes, it
Payroll – are the settings correct
There are many areas where payroll can “go wrong”, sometimes with costly consequences. In setting up payroll, there may be