VAT must be paid on certain goods and services – which we’ve looked at before – but some people ask: What happens if you don’t register for VAT? You must register for…
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There is often confusion around whether directors need to fill in self assessment forms. The simple answer is it depends! That may not appear to be helpful, but it really…
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While Capital Gains Tax (CGT) sounds pretty obvious, it can often catch out some business owners, particularly sole traders. CGT is levied on profits made by individuals and trusts from…
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Most people in business worry about the taxman looking into their affairs. But how does HMRC make the decision to investigate the self-employed? Investigating sole traders may appear to be…
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As the cost of living crisis worsens business owners are asking: How can my business manage the cost of living crisis? While headlines focus on consumers and the rising cost…
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Employers using PAYE can take advantage of a new variable Direct Debit payment plan from September 2022. At the moment, there’s a need to set up Direct Debits every month,…
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VAT returns can lead to sleepless nights – especially when there are confusing differences such as expenses and disbursements. While many people class each expenditure as the same thing, the two…
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One of the biggest problems in business is getting paid – and that’s where credit control is essential. Too many business owners are so busy working on new products and…
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Getting paid is essential for a healthy business but invoicing errors can sometimes create issues that hits your bank balance. If invoices remain outstanding for a long period, your bills…
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The way in which HMRC works is confusing for many business owners – and claiming VAT back is one of those baffling areas. Value Added Tax (VAT) is a complex…
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