If you are running a business, handling VAT returns can be complex. You may have submitted returns with errors previously if you were unsure of what to do and could be at risk of further investigation or fines from HM Revenue & Customs (HMRC).
Businesses need to be prepared for changes to business rates from April
The Valuation Office Agency (VOA) has updated the rateable values of all business, and other non-domestic, properties in England and Wales. They will take effect from 1 April 2023.
Top tips for starting a hospitality business
Are you hoping to run a successful start-up in the hospitality sector? As an ever-changing and competitive market, the road to success is often paved with challenges, requiring a considerable amount of time, patience, and hard work.
What happens if your directors’ loan account is overdrawn?
If you are a shareholder and director, a directors’ loan account can be a useful financial facility both for you personally and for the company as a separate legal entity.
Avoid these costly VAT mistakes
Small business owners need to take measures to avoid costly mistakes when it comes to calculating, reporting and paying Value Added Tax (VAT). The best way to prevent errors and stay on the right side of HM Revenue & Customs (HMRC) is to have an expert take care of your VAT affairs. Having a qualified […]
What you should include in a business plan
Business plans provide goals to work towards, help identify potential problems, give insight into competitors, and highlight potential opportunities. A great business plan should include a concept, strategy, executive summary, market analysis, competitor analysis, the company’s financials and a clear action plan. Concept This part of the business plan is usually broken down into three […]