VAT (Value added tax) is a consumption tax paid by the end customer. It can be complex and time-consuming, with penalties if you get it wrong. Obligatory registration for VAT […] more»

Owning a small business comes with a lot of new challenges and responsibilities. One of the first things that most entrepreneurs will need to consider is their finances – including […] more»

You are a prudent entrepreneur with big dreams, and to achieve these dreams, you are adamant that you are not going to run your business finance in manual books or […] more»

Over 1 million businesses that are soon filing their first quarterly VAT return have to register by 27th July for Making Tax Digital (MTD). Why? Their taxable turnover is above […] more»

Chancellor Rishi Sunak has spoken. Unusually there was not too much wailing and complaining flung back at him, and the hubbub was generally positive. One of the red flags raised […] more»

No doubt you have heard the advert say “Tax doesn’t have to be taxing”. You probably rolled your eyes like the other 3.5 million + sole traders in the UK. […] more»

Statutory Sick Pay, abbreviated to SSP, is the legal minimum payment that employers must pay their employees if they are signed off work sick. SSP is enforced when an employee […] more»

Corporation Tax is a tax that all budding entrepreneurs and senior directors must get right. Any money your business makes has overheads deducted, legislated expenses deducted, and there you have […] more»

Understanding and managing Value Added Tax (VAT) form part of the fundamentals of business, whether you plan to be a Mom ‘n Pop or a Microsoft competitor. Most importantly, on […] more»