What to do about deferred VAT payments

What to do about deferred VAT payments

Back in March 2020 HMRC announced that they would allow business owners to defer VAT payments due between 20 March 2020 and 30 June 2020 to 31 March 2021, as a result of the Coronavirus pandemic. If you have deferred VAT payments then read on. Many businesses took...
What is turnover

What is turnover

Your business ‘turnover’ is not your ‘profit’, though often we find the two can be confused.  ‘What is turnover?’ is one of those questions candidates get asked on Dragons Den, and many business owners on the show get muddled trying to explain it.  We get why! It’s...