What is turnover
What is turnover? This is always one of those questions people get asked on Dragons Den where they really ought to know the answer, but often don’t. I’ve found there is quite a bit of confusion around what turnover really is, and its an important one to...Books and records
I’ve been working through quite a few piles of receipts and excel files over the last few weeks to get people’s self assessment tax returns done. Its really made me stop and think again about what count as“adequate business and accounting...Barter Transactions
I’ve seen a few people talking about barter transactions, or skills swaps. I think they’re a fantastic idea, and am part way through one myself – watch this space for a new shiny combined website and blog in a couple of months, which I am paying for...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...Follow Starfish Accounting
