VAT Flat Rate Scheme
What is the Flat Rate scheme? Instead of paying HMRC the difference between the VAT you charge your customers (output VAT) and the VAT you pay to your suppliers (input VAT), you instead pay a fixed percentage of your VAT inclusive turnover. The Flat Rate...How to find a good accountant
If you’re a small business or a start up then it is really important that you have a good accountant – one who supports you in running your business and gives you clear and timely advice. But how do you find a good accountant? This blog gives you some...Top 5 tips for doing it yourself
Understanding your financial position is vitally important in giving your business the best possible chance of success. If you don’t have an accountant then its even more important that you are on top of your numbers. This week I’m therefore going to give...How to help your start up business survive
There are a lot of statistics around about start up business failures. Nobody starting a new business wants theirs to be one of the failures.What can you do to help your start up business survive? I read an interesting article in a business magazine a couple of weeks...Small business accounting – budgeting basics
Once your business is up and running, or ideally even sooner, you need to start thinking about a budget. If you don’t have a budget, you won’t know whether you have enough available cash to support your business until you start making profits, and until...Follow Starfish Accounting
