Every UK employer with an in-house payroll department must understand, and be able to efficiently issue P60s. These important forms summarise an employee’s pay and deductions for the tax...
Reaping the Benefits of Keeping Managed Accounts Every business needs three financial statements: a profit and loss (or income) statement, a cash flow statement, and a balance sheet. These...
The Right – and Legal – Way to Use a Probation Period in the UK It’s unsettling to realise you may have made a poor hiring decision. Perhaps the...
How to Close a Limited Company the Right Way Not every business succeeds, and not every partnership blossoms as expected, meaning that it’s not unusual for the time to...
VAT on Food – What Should Be Charged and How If you’re a food retailer, producer, manufacturer, or wholesaler, you need to be familiar with the ins and outs...
What Are Abridged Accounts and Can My Firm File Them? There are several options for filing small company accounts with Companies House: dormant company accounts, full accounts, micro-entity accounts,...
How to Charge VAT on Postage without Getting into Trouble with the Taxman Online sales are booming, even as the restrictions on high street retailers loosen after the pandemic....
What Are Statutory Accounts and How Do They Work? A Quick Overview Although it is a legal requirement, preparing annual statutory accounts for your limited company can be a...
How You Manage Trade Creditors May Save Your Business Someday For the smooth operation of your business, you rely on good relationships with creditors. The cash flow of most...
How You Manage Your Trade Debtors Can Make or Break Your Business It’s a sad fact that more than 60% of small businesses in the United Kingdom fail within...