Registering for VAT

Registering for VAT

It’s always great to see that your business is growing and your turnover for each year is increasing. You must be careful however, once the total turnover over a period of twelve months reaches £82,000 you will need to register for VAT. You’ll also need to take into account that the twelve month period does not […]

Read More

Employing Your Spouse

Employing your Spouse

If you have your own company or self-employed business and have a spouse/civil partner who does not generate any income, there may be some financial benefit to employing them to work for you. You can do this by adding them to your payroll if you have one and paying them enough money to cover their […]

Read More

Direct Recovery of Debts (DRD)

When I first heard of HM Revenue and Custom’s (HMRC) plan to start taking money that they are owed straight from people’s bank accounts I was mortified. It sounded like an absolutely insane scheme to be brought in. However, as we all know, it is very easy to form a strong opinion before we know […]

Read More

Starting a Business

Starting a Business

The idea of starting your own business can be daunting, there are lots of things that need to be considered that you may not have even thought about, let alone the thought of will you be successful or not. We can’t tell you if your business will be a success but we can advise you […]

Read More

What is VAT?

What is VAT

Quite often when you buy goods you will notice that they have the three letters VAT on them, which is often followed by a price increase of that item. VAT stands for Value Added Tax and is a tax charged to the final consumer of a product. VAT in this country is normally charged at […]

Read More

Business or Hobby?

We all enjoy our hobbies, whether it is restoring old cars, photography, writing or even singing in a band. Sometimes we can even make a bit of money on these hobbies, but when does it stop being a hobby and become a business? Regardless of your own view of what a hobby is and what […]

Read More