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. Therefore, for an increasing number of UK retailers getting into e-commerce – even if they have never ventured into the world of online sales before, makes a lot of sense. This means creating new price lists for your website, […]

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 daunting task. We’ve gone back to the basics in this article to help you better understand why, even though this can be a pain, getting your statutory accounts right is also a must. Statutory Accounts Basics You have […]

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 businesses is influenced by suppliers – also known as trade creditors- the bank, and statutory bodies such as HM Revenue & Customs (HMRC). You might not be able to pay your bills on time if your […]

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 the first three years of operation. Even more tragic is the fact that many of these businesses failed not because they had a bad idea to begin with (though some did! ) but because of poor cash management. […]

When Should You Charge VAT on Takeaway Food?

When Should You Charge VAT on Takeaway Food We’ll assume that if you are reading this article your business, whatever it may be, sells takeaway food and/or drinks. We’ll also assume that it is VAT registered, and you have questions about whether certain items you offer to the public should include VAT in the purchase […]