Furlough bonus and reduced VAT rates
More support for businesses was announced by the Chancellor earlier in the week in his mini budget. There were two areas which look particularly helpful for businesses that have been significantly impacted over the last 4 months. Read on to find out about the...VAT threshold and other key VAT information
Are you confused about VAT? Many small businesses are. It is one of the more complicated tax areas simply due to the bewildering number of rules out there. And when you don’t even know what the VAT threshold is you can really feel out of your depth. I blogged...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
