How to Charge VAT on Postage without Getting into Trouble with the Taxman

How to Charge VAT

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 […]

What Are Statutory Accounts and How Do They Work? A Quick Overview

What Are Statutory Accounts

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 […]

How You Manage Trade Creditors May Save Your Business Someday

Manage Trade Creditors

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 […]

How You Manage Your Trade Debtors Can Make or Break Your Business

Manage Trade Debtors

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 […]

When Should You Charge VAT on Takeaway Food?

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 […]