Getting Paid On Time As A Small Business
As a sole trader or small business owner, you’ve probably received a late payment at some stage and suffered cashflow problems because of it. But, not only are late payments...
Guide to charging the right VAT rate
Business owners may be amused to discover VAT was hailed as “a simple tax” when the UK Government introduced it almost 50 years ago. The fact is, the rules around VAT...
How and when to reclaim VAT
The UK’s standard VAT rate rarely changes. In fact, it’s already been more than a decade since the figure was last altered in 2011 when former Chancellor George Osborne restored...
Making Tax Digital: What You Need To Know For VAT
No matter the size of your company’s turnover, if you’re registered for VAT you must now register to file returns online as part of the UK Government’s Making Tax Digital...
Why should you register your business for VAT?
If your business is a start-up or you’re a one-person band, it might not cross your mind to register for Value-Added Tax (VAT). Or, you might think you need to...
The Small Business Owner’s Guide to VAT (Value-Added Tax)
Understanding how VAT tax works for your small business can be a minefield. You’ll need to get to grips with Corporation Tax, National Insurance Contributions (NICs) and personal Income Tax –...
Fixing the ‘Outside of Year Parameters’ error
Have you ever had this error message when using Cashflow Manager? “Outside of Year Parameters” It can sound like a scary message, but it’s actually quite a simple fix. Essentially, it means...
Small businesses urged to choose accounting software as the MTD deadline looms
Businesses have just a few days to prepare for mandatory Making Tax Digital (MTD) for Value Added Tax (VAT), including choosing an MTD-enabled accounting software. Businesses with taxable turnover below £85,000...
How to Create A Cash Flow Forecast for your Small Business
Do you know how much cash you will need to pay your employees during an upcoming busy holiday period? Do you know how much you will be spending on inventory...
Which business structure is best for my new business?
One of the first major decisions to be made after deciding to chase the dream of starting your own business is selecting the right business structure. Yet, despite its importance,...