Value Added Tax is a sum of tax paid against the value of an item. The VAT figure is added to the cost of most commercial transactions and it’s become so familiar that it often gets overlooked.
Between fines and catch up bills, if you haven’t enrolled your staff yet but should have then you need to get moving. Here’s what you need to know.
When it comes to selecting an accountancy firm, businesses can feel a little overwhelmed by the range of choice presented on the local market. It is easy to be intimidated by approaching a larger accounting firm.
Why business owners need to face up to the challenge of Mobile and Smartphone growth
In Britain, where we are often subjected to four seasons in one day, we could all be forgiven for wanting to see the back of clouds for good. However, there’s a new cloud on the scene and it’s one that business owners need to embrace…
“Open banking” is a new directive which was introduced in the UK in January. It has the potential to fundamentally change the way companies manage their finances, access capital and make strategic decisions.
Do you claim for business mileage – and spend hours Googling the places you’ve visited to work out the miles you’ve covered?
A comprehensive summary of the Spring Statement 2018.
Budgets and forecasts are the business equivalent of Satnavs. If you don’t know what to aim for and what your goals are it will be impossible to reach your end destination.
It is common for ambitious businesses to require capital or debt financing in order to help them grow their top line revenues prior to them becoming profitable. Since the financial crisis, it has become even harder for SME businesses to access debt finance and growth capital. However, over the last decade, a plethora of different funding options have emerged, facilitated by generous tax breaks from the Government as well as technological developments.
Here at Cottons Chartered Accountants, we understand what it is like to be a small business.
Reviewing your finances throughout the year provides sufficient time before the end of the tax year, at the beginning of April, in order to make sure that you are fully utilising all of the tax reliefs which are available to you.
The new calendar year is a great time to take stock of your finances. Reviewing your finances in January and February provides sufficient time before the end of the tax year, at the beginning of April, in order to make sure that you are fully utilising all of the tax reliefs which are available to you.
Many small business owners work in the present, a space which is fast-moving and always evolving.
Directors can pay themselves from their limited companies either in the form of dividends or salary but following changes in 2016/17 to the treatment of dividends, they now need to give a bit more upfront consideration and attention to which they pick so that they are able to remunerate themselves within the most tax efficient manner.
After much speculation around what will be announced the Chancellor delivered his Autumn Budget to Parliament on 22nd November 2017.
Here is an overview of the key announcements.
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