This month, our case study comes from Emma-Louise who has helped a client who incorporated their own Company. It may seem simple to incorporate yourself, but a little error can cause you a rather large headache and be costly, if it is not picked … Continue reading Case Study – When ‘Off The Shelf’ Incorporations Go Wrong
Q: My client is a chef and has built up a successful website subscription service supplied to individuals. In return for the subscription payments, customers can sign in to the website, download PDF recipe cards, watch pre-recorded content and … Continue reading VAT Question Of The Week – VAT MOSS and No-Deal Brexit
As of now, the UK is scheduled to leave the European Union on 31 October. It is still unclear, however, whether and how this will happen. A deal could be agreed between the UK and the EU, meaning that a transitional period would begin, during which … Continue reading Preparing For A No-Deal Brexit
Many business owners will build a business from scratch, grow it, and then the time comes to move on. Time to find an appropriate buyer... You will have invested time in preparing a valuation and taking all the steps to get your business … Continue reading Selling Your Business – What Should You Ask Prospective Buyers?
As a business owner, sticking to your guns is all well and good, but it is your ability to adapt and your flexibility that will help your business to survive and thrive. Acceptance From day one, accepting and understanding that things change … Continue reading Tips For SMEs – Flexibility
If you thought the complexities of payroll were already hard enough, think again because thanks to a case involving voluntary overtime and an amendment to the employment rights regulations, calculating holiday pay is about to become even more … Continue reading Holiday Pay Headache
Peter Wade who assists in the bookkeeping and payroll department of Avanti deals with a variety industries on a daily basis helping with the bookkeeping which includes purchase and sales ledge, bank reconciliation and VAT. The clients he is … Continue reading Case Study – Bookwork Efficiency
Making Tax Digital (MTD) for VAT was introduced for all UK businesses making annual taxable supplies of more than £85,000 for VAT periods beginning on or after 1 April 2019. A controversial policy of HMRC has always been that a business using, for … Continue reading MTD – Recording purchase invoices for VAT
Keep Business And Personal Banking Separate When starting up, one of the first things you'll need to do is open a business bank account, this will help you to keep your business and personal finances separate. Why is this important to you? Save … Continue reading Tips for SMEs – Bookkeeping Tips For Small Businesses
This month we are focusing on: Different Trading Vehicles to Consider for your business And this week are looking at: What are the different trading vehicles available? There is:- Dormant Company Limited Company Limited Liability Partnership Sole … Continue reading Terrific Tuesday Tax Tip – What are the different trading vehicles available?