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Life insurance is always a good investment. But why shell out for a personal policy when there are viable options to do so through your company? This can be especially useful for smaller organisations that do not qualify for group policies.

Paying Employee Expenses in 2023: Is payroll your best solution?Paying Employee Expenses in 2023: Is Payroll Your Best Solution? While we all aspire to accelerated business growth, it often comes hand-in-hand with some challenges and adjustments - particularly in the...

Sole Trader vs LTD Company: Choosing the Right Option Launching your own company comes with many head-scratching decisions; and perhaps the most confusing one is whether to label your new venture as a limited company, or to declare yourself as a sole trader....

2023 Corporation Tax: What you need to knowAs outlined in the 2021 Budget, corporation tax is set to increase in April 2023 from 19% to 25% for companies with profits of £250,000 and over. This change is set to be implemented on 1st April, 2023. Here’s what you need...

Outsourcing Payroll in 2023: Frequently Asked QuestionsAccurate and efficient payroll is a key component of a happy and smooth-running workplace.  Managing your organisation’s payroll may seem like a cost-effective solution, but on the contrary, outsourcing a...

Smooth payroll management is the secret ingredient of a small business’s internal happiness and well-being. Any disruption to this can drastically affect employee morale, and may well put a dent in the trust and loyalty your staff has for you. But how does a small business owner achieve this, on top of all of his/her other tasks required to keep the business afloat?

If you’re struggling to administer your Managed Service Provider business, in terms of growth and/or building bulletproof financial security – relax! You’re not alone!

In this blog, we use the term ‘businesses’ often. But the word ‘businesses’ also covers sole traders.

Most businesses know that the threshold for compulsory VAT registration is a taxable annual turnover of £85,000. What this figure is made up of can often cause confusion on when and how a business should register for VAT. With all the advice, it can be difficult to know what to do.

Here, we will summarize obligations for VAT registration with a few answers to the most frequently asked questions by businesses.

As a fully qualified AAT member, I have been working on VAT for more than 20 years. Despite my experience, like others I’m sure, there are still areas where I need to look a little deeper into the rules for some advice.   

In this blog you’ll see me using the word ‘business’. This covers both companies and sole traders. Yes, that’s right, sole traders can also register for VAT! It is a common mistake that sole traders don’t register, and usually happens when they don’t receive the correct advice. 

Like most things, accounting is easy when you know how. But mistakes that run undetected for months, or even years, can cause your business to lose money!

Your accounts give you basic information upon which you make decisions about your business.