Making Tax Digital (MTD) is part of the Government’s plan to make the UK tax system “more effective, more efficient, easier for taxpayers to get their tax right”. The main points to note are:
You can develop fitness for business. You can be leaner, stronger, and feel more energised without making drastic lifestyle changes or sacrificing productivity.Continue reading “Fitness For Business”
Knowing your customers and getting a grip on credit control is vital for your cash flow management. Here are some tips to help you get paid on time and deal with late payers…Continue reading “Credit Control, Cash Flow and Late Payers”
The European General Data Protection Regulation (GDPR) will apply in the UK regardless of Brexit. The deadline for compliance (25 May 2018) has come and gone but I know there are business owners out there still wondering what all the fuss is about. So here’s my advice if you have yet to get started on making your business ready for the GDPR.
Are you a business owner trying to save money by doing your own bookkeeping. Are you relying on a family member to do it? Good bookkeeping is more than just document filing and data entry. You will make your business life easier and save more money by hiring a professional who provides value-added bookkeeping.
As a business owner you should know when you need to register for VAT with HM Revenue and Customs (HMRC). You should also understand the pros and cons of registering voluntarily for VAT if you’re below the current ‘VAT threshold’.
Here are some bookkeeping tips for new business owners who are operating as a sole trader, or in partnership, or running a limited company.