Selling on credit? Keep on top of your debtors!
When you are selling and offering credit terms to your customers, it is essential to keep the cashflow moving. After […]
Strategy
Should you register for VAT?
Should you register for VAT? You must register for VAT if: • you expect your VAT taxable turnover to be
Might the VAT flat rate scheme be beneficial to your business?
If you use the Flat Rate Scheme, you charge VAT to your customers (‘output VAT’) and pay VAT to your
Are you paying too much for electricity, gas, water, credit cards etc?
Whilst there are price comparison sites which can be used, these can take considerable time and effort to research the
Dividends from your company – are they legal?
Only limited companies pay dividends, and these are based on the shares that have been issued to the shareholders. Sole
SEISS checks by HMRC
The self-employed income support grants paid out are liable to tax and NI. HMRC systems are now automatically cross checking
Might you be liable to clawback of child benefit?
If you are claiming child benefit and your profits or salary increase, you may find you have a larger tax
Life Insurance for Company Directors
When it comes to life assurance, a major benefit of being a company owner is the ability to obtain that
VAT Scale Charges
The Fuel Scale Charge simplifies the process of accounting for VAT on private usage of fuel. It basically provides for
Should you be VAT registered?
HMRC have very sophisticated systems in place and one of these will be identifying businesses that have an annual turnover