Once registered for Value Added Tax, business owners need to understand how to submit a VAT return. VAT is a complex process and can take up a lot of time,…
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CONCEPT BLOG
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Running a business involves lots of paperwork – including filing legal documents, such as the CS01 or Confirmation Statement. And while it’s not the most exciting way to spend your…
Around four million limited companies are registered in the UK. In Tyne and Wear, latest figures show that 7,838 companies were formed last year – with the most being incorporated…
As consumers, we understand what ‘credit’ means. But in business many people confuse debtors and creditors. Understanding the terms is essential if you run a business, so here’s what you…
When running a business, understanding the difference between financial forecasting and budgeting is essential. Get it wrong, and you could end up putting your business at risk. Here is all…
Plans to introduce Making Tax Digital for the self-employed and those filing self-assessment have been pushed back two years. And the threshold for those who must file their accounts digitally…
Rising inflation means prices are rising and your business’s costs are also increasing. So, maybe it’s time to increase your prices?Earlier this year, we looked at the cost of living…
Mistakes are easy to make, especially when it comes to looking after your business finances. Hitting the wrong key when inputting data is easy to do! And it’s not just…
While the focus of the Chancellor’s autumn statement was on taxes, new business rates from April 2023 were largely overlooked. The reality is there will be winners and losers! For…
