On 4 October 2018 the government issued a press release which stated that new measures were in place to end the problem of late payments to small businesses. It stated that nearly a quarter of small businesses suffer from late payments which threaten their survival. …
Finally the month for submission of VAT returns via MTD arrived and we survived. Months and months of talking about it, reading about it and watching webinars. Then we just had to get on with it. …
Whilst we are still part of the EU VAT registered businesses which supply goods to a customer in a EU country must charge VAT at the standard UK rate. However if that customer is VAT registered, as long as they provide you with their VAT number you can …
If you are a sole trader or consider yourself to be self-employed you will need to declare your income and expenses to HMRC at the end of each tax year through a self-assessment tax return. Even if you earn income in addition to being employed and receiving pay through a payroll from your employer you need to declare your additional income to HMRC. The only exception to this …
If you want to grow your business at some stage you will need to take on your first employee. It can be daunting because there are many things you need to consider. But once you have taken that first step you are on your way to developing your business. …
