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.