There are many different types of finance out there each one designed for a different...
A cash flow forecast is a prediction of the amount of money expected to come...
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The concept of HMRC Payment On Account can be tricky to get your head around so here is the official definition of payments on...
One of the toughest parts of running a your own business is resourcing and understanding exactly which type of person you need for the...
Hiring a bookkeeper can feel like an expensive decision as well as additional overhead you may not want to commit to. But hiring a...
Overlap profits occur mainly when someone who is newly self employed chooses an accounting period that is not the same as the tax year....
When you are self employed you pay tax on your business profits according to the tax year (6th April to 5th April) you make...
Definition of the HMRC Basis Period A basis period is a term used by HMRC referring to the time period on which someone who is...
When it comes to working out your tax and national insurance when you are self employed, it is important to appreciate that the calculation...
Making a loss in business is perfectly normal however if you are self employed it can be worrying. Will anyone see it? What will...
HMRC VAT Registration Online In most cases businesses can register for VAT online on the HMRC website. You either need to create or login to your...
Try My VAT Flat Rate Scheme Calculator Knowing whether you should or should join the VAT Flat Rate Scheme can be a tricky decision to...
VAT MOSS stands for Mini One Stop Shop affecting digital services business providing services to consumers (B2C). VAT MOSS means that when a business provides...
HMRC offers a numbers of different VAT schemes to try and make things easier for small businesses but knowing which one is most suitable...
If you choose to use the VAT Margin Scheme then you are required by law to keep certain accounting records and HMRC will check...
There are many businesses that opt for a voluntary VAT registration and there are benefits of doing so, here's why. HMRC Voluntary VAT Registration You can...
When calculating your margin for the VAT purposes of the second hand margin scheme, you need to remember this: VAT under the margin schemes is...