Blogs

The Factoring Process: All You Need to Know About Selling Your Receivables
If you’re a business owner, you might be aware of the fact that cash flow

What is Cost of Sales & How to Calculate It
Currently, there are around 5.8 million small businesses in the UK. One out of three

Tax Implications of Taking Money from a Limited Company for Home office
Working from home has become a norm after the outbreak of the Coronavirus pandemic. Nowadays,

Planning to Defer Payroll Tax? There is No Way to Avoid it!
Employers who implement Payroll Tax Deferral will eventually compensate with extra payroll taxes. Better to

How to Claim Back Pre-trading Expenses from your Company?
This post will give you an idea of Pre-trading Expenses and how you can claim

How To Claim Child Benefit | Importance of Child Benefit
If you are concerned about your newly born child’s entitlements as a parent, claim child

VAT on Take-Away Food and Drink – What are the Rules?
Do you own a bar, a cafe, or a restaurant and sell takeaway food on

Is Lending Money to Your Own Company A Good Idea?
Loaning money to your own Company might sound the simplest way but it comes with

What’s the Difference between Zero Rated and Exempt Items?
VAT rates vary based on the type of goods and services you are dealing with.

Why should You use Xero for Small Business?
Keeping track of the business finances used to be a hassle a few years back

Pros and Cons of Bankruptcy United Kingdom
Bankruptcy is a legal process of declaring an individual or a business entity as incapable

How to Turn Your Passion Into a Profitable Business
Passion Into a Profitable Business drives many people to stray away from the mundane and

Guide to Working Tax Credit for the Self-Employed
66If you’re working or planning to work as a self-employed in the UK, you can

What are my Statutory Rights, and when do they Apply?
The relationship between an Employer and employees requires two ways to meet each other’s expectations.

What Is a Fraud Risk Assessment and How to Conduct it?
As a business owner, you need to work on your business reputation for its long-term