Change of VAT Scheme
Many business owners will not realise they have a choice of VAT scheme to use for recording and reporting VAT to HMRC. Before you register initially …
Blog Archive for May 2021
Goals - do they work for you?
I recently had a conversation with another business owner, who also happens to be a client, about motivation and setting goals in our businesses. As business owners we are all encouraged to set goals in order to achieve what we set out to do. Whether those are 5 year or 10 year goals to achieve a specific personal dream or short term goals to take baby steps towards your long term dream. …
We are back!
After many months of working at home, with just a short interlude last summer, I am delighted to have had our whole team working back in the office for the last four weeks. And they are happy to be back together again too. We have at last been able to …
Do you pay your employees a bonus?
Some employers like to give a bonus as recognition of a good job done and forget to take into consideration that it is taxable income. A bonus, whether paid in cash or electronically is earnings as you are giving your employee payment in appreciation of their work. …
What records do you need to keep if you are self-employed?
If you are making an income on your own by selling a product or a service and you have not registered as a limited company you are a sole trader. A sole trader runs their own business and therefore is self employed and, as a self employed person, …
