Toys R Us struggles offer small retailers a lesson in VAT practice
As the clock ticks on Toys R Us to stump up the cash for a £15m VAT bill, tax experts have urged small business owners to consider their own practices. more»
Liabilities
What is a balance sheet and how to read one
It’s the balance sheet that summarises the company’s assets, liabilities and the shareholder’s equity at a particular point in time. more»
The difference between insolvency, liquidation, bankruptcy and administration
Insolvency – a state in which a company or an individual can no longer pay its debts – stands apart from the processes of liquidation, bankruptcy and administration. more»
HMRC card transaction programme offers amnesty to firms with unpaid taxes
Small business owners who take credit and debit card payments may be able to take advantage of a new HMRC amnesty scheme if they’ve made tax oversights in the past. more»
What is a joint venture and why are they important?
Joint ventures are a vital tool of business organisation. You can use them to spread risk, access resources and attack opportunities that you may prefer not to tackle on your own. more»
Essential business legal responsibilities to keep your company within the law
A company that can show that it has taken its corporate responsibilities seriously, and has the necessary procedures and records to substantiate this, will have a greater value than one that doesn’t. more»
The compulsory insurances small businesses may not know about
BIBA's executive director covers the compulsory insurances that all small businesses need to be aware of – including a few which may surprise you. more»
