Category : Start up advice

by Jill Andrews - 1 month ago

Profit and loss template

Our profit and loss template is available to companies with under and over £77,000 in turnover per annum A profit and loss account (P&L) template is important whether you are running a business or in the process of setting one up. If the latt...

by Jill Andrews - 1 month ago

Five small business taxes you need to know about

When you’re running your own business, it’s almost a certainty that you’ll have to pay some kind of tax at some point.But with so many complicated tax rules currently in place in the UK, it can be difficult to know exactly which ones apply to you or...

by Jill Andrews - 1 month ago

What expenses can I claim through my business?

As most people are aware, if you’re thinking of starting a new business or already run one you can claim expenses on some of your costs. This is a great way to help out entrepreneurs and give them a better chance of success. Why? Because businesse...

by Jill Andrews - 1 month ago

Should I charge my clients VAT?

A reader asks whether they should charge clients VAT Q: I sell lightbulbs and my turnover is less than £85,000. I buy from my supplier who charges me VAT, I then give my clients their order and an invoice. But would it make sense for me to charge...

by Jill Andrews - 1 month ago

How much tax will I pay if I run a side business?

Do you have to pay extra tax if you run a side business? Q. I work full time (40 hours a week) and as well as this I want to run a side business online. How is the tax I currently pay affected, i.e. how much more will I pay, and do I have to pay N...

by Jill Andrews - 2 months ago

How to manage company car tax as a small business owner

You will have to pay a tax for having a company car If you have a company car, then the chances are that you will have to pay company car tax. But, what is company car tax? And how much will you have to pay? In this article, we’ll look at what th...

by Jill Andrews - 2 months ago

VAT registration: the facts

Here's what you need to know about VAT registration VAT is administered by HMRC. If your annual turnover exceeds £85,000 in the previous 12 months you are required to register for VAT. This means that once registered you will be given a unique VAT...