Getting VAT right is a complex endeavour for any business, big or small. Understanding the requirements, thresholds, and timelines is crucial for maintaining compliance and avoiding unnecessary penalties. The necessity to register for VAT and the implications of late...
For online businesses operating in the UK, registering for Value Added Tax (VAT) is a crucial step that ensures compliance with tax regulations and streamlines financial operations. Whilst VAT must be accounted for on sales, VAT registration allows e-commerce...
Running a business, without understanding the finances of the business, is like driving a car with a blindfold on. In order to run a successful business, you need to understand the financial position of your business. Business relies on knowledge. Do you know how much...
Statutory accounts are the legally required accounts that all companies must submit to Companies House every year, to reflect the financial stance of their business. The level of detail required in your statutory accounts will vary according to the size of the...
There are a number of tax benefits to company electric vehicles: A low benefit in kind rate (currently 1% and fixed at 2% from 2022-23 until 2024-25) Enhanced tax deductions for the cost of the vehicle Government grants towards the cost of the vehicle Businesses that...
The emergence of online payment systems has reshaped the way businesses manage their transactions. One such tool that has taken the business world by storm is Stripe. With its simple, straightforward user experience and seamless integration with numerous platforms,...