by Georgi Rollings | 21st January 2012 | Accounting, Bookkeeping, Limited company, Sole trader, Start ups, VAT
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...
by Georgi Rollings | 7th January 2012 | Accounting, Bookkeeping, Sole trader, Start ups, VAT
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...
by Georgi Rollings | 15th October 2011 | Accounting, Business Planning, Sole trader, Start ups
I was reminded this week just how important it is to have good visibility of your expected cash position. A friend updated their cash flow forecast and realised that they would be going overdrawn within a couple of months, and were able to get an overdraft agreed up...
by Georgi Rollings | 8th October 2011 | Accounting, Self assessment, Sole trader
If you are sending in a paper self assessment tax return for the 2014-2015 tax year, then it must reach HM Revenue & Customs by Saturday 31 October 2015. If your tax return is received late, then you will have to pay a penalty, even if you have paid your tax on...
by Georgi Rollings | 24th September 2011 | Accounting, Bookkeeping, Limited company, Sole trader, Start ups, VAT
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...