There is little about tax that is intuitive and modern, including the date our tax year starts - 6 April. We have our ancestors to thank for that. Our tax year dates originate from when people in England were required to pay rent to their landlords quarterly on...
We have already covered the topic of VAT in our complete VAT guide as well as VAT registration & deregistration thresholds. However, there are some special VAT schemes that apply to certain business industries and include different rules of accounting for VAT....
Starting your own business means doing something you’re passionate about. However, at the end of the day, the main idea is to also make a living out of it. As a business owner, you need to decide how much money you want to pay yourself. If you pay yourself too little,...
If you’re unsure whether you should be registered for VAT we’ve put together this handy guide to help you. What is VAT? VAT stands for Value Added Tax. it’s a Government tax that’s added to certain goods and services that are produced within EU member...
For every starting entrepreneur, filing a Self Assessment for the first time can be a bit of a headache.. There are quite a few things to know and understand before you can feel comfortable with the whole process. So, to help you have a smoother start, we have created...
Once your business starts growing, you simply need a professional who can manage your accounting and bookkeeping. Every business owner has to decide whether they want to hire a bookkeeper or accountant to work in-house or engage an outsourced accounting service....
