How does VAT work? Want...
Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain. Most businesses with annual sales of £85,000 or more have to register for VAT. And…
How does Corporation Tax work?...
Corporation tax is a tax that’s levied on your company’s profits. When you operate your business through a limited company, that company is considered to be a separate entity from you as an individual. Among other things, this…
6 Reasons To Look at...
Making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really…
Understanding Your Statement of Cash...
The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time period. For each of the reporting categories, receipts and payments…
Do you have cash sitting...
Do you have surplus cash sitting in your business bank account? Your cash is ‘surplus’ when it exceeds the amount of money the company needs for its usual everyday operations. If you’re able to buy stock, fund your…
Could you be eligible for...
The pandemic has proved to be a tough time for the UK’s freelancers. But there is help at hand still in the form of the Self-Employment Income Support Scheme (SEISS). The fifth tranche of the SEISS is now available…
How do I suspend or...
On your business journey, there may come a time when there’s a valid reason to suspend or cease trading as a limited company. You might be starting up a new business and feel that your current company has…
P is for Purpose, not...
Gone are the days when a business’s sole purpose was to make a profit. While being profitable is important, your purpose is why you exist for your customers; your reason for being. Focusing on your customers’ needs results…
5 signs you’re undercharging
Are you undercharging for your fees? We’ve got the five warning signs that can help you diagnose whether your prices are too low Are you undercharging for your services? It can be hard to tell, particularly if you’re…
How’s the forecast looking for...
You don’t go fishing without checking the forecast, nor should you run your business without an annual forecast! Don’t live in your raincoat, waiting to get soaked – take control and talk to us about your forecast. We’ll…
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