Starting a Great Business with Great Assistance.
In running a business, it is not enough to just market and sell products or services. There are several rules in the business world that you must follow in order to prosper; especially, for newcomers. It is critical for new business people to understand the rules that apply, to run their business effectively. New business […]
7 Practical Tips for SME Business to Take a Long Vacation
For numerous SME business owner, and also particularly single investors who are the business and also sell their time, taking time out of a small business and also having a holiday could be more stressful compared to not having a holiday at all. Even the idea of it could create a business owner to burst […]
SME’s – How to Ensure You’re Registered Correctly
Setting up a brand new business can be a little daunting and whether you’re setting up as a sole trader, partnership or limited company it helps enormously to have the right advice on board. Businesses small and large can sometimes struggle within the first few months and this can often be down to not following […]
Know Your Expenses – What Can I Claim For?
If you’re self-employed, then it’s incredibly important to know your expenses when it comes to filing your annual taxes. Naturally as a business you will have various running costs that need to be accounted for, but there are some that are allowable expenses. These can be deducted from your business income to calculate your taxable […]
Use of Home as an Office is an allowable business expense
There has been a big increase in people becoming self-employed in the past couple of years. A lot of start-ups have begun in bedrooms and study rooms. Successful businesses are still being carried out at home after several years of trading. H M Revenue & Customs provides an entitlement for those that do not rent […]
What Are My Options for Start-Up Investment?
If you’re looking to start up your own business it’s an incredibly exciting time, but there are a number of financial aspects to consider before you can get it fully up and running. Unless you have the capital yourself, you may be wondering what other options there are available for investment for your new business. […]
VAT – will your business benefit from the Flat Rate Scheme?
As an SME, whether you are self employed or a limited company, if your turnover becomes above £82,000 (£81,000 2015) then you are obliged to register for VAT. You are therefore obliged to charge VAT on your sales, at the going rate, currently 20%, and claim VAT on your expenses accordingly. At the end of […]
The Importance of Hiring a Great Accountant
Every business, big or small, needs to hire an accountant to protect the financial integrity of the organisation. Many business owners think that with the assistance of handy software such as QuickBooks, they can personally handle the accounting, and truth be told, that is the biggest mistake a business owner can make. When business owners […]
