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...
by Georgi Rollings | 10th September 2011 | Accounting, Bookkeeping, Limited company, Self assessment, Sole trader, Start ups
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...
by Georgi Rollings | 13th August 2011 | Bookkeeping, Sole trader, Start ups
The one question I get asked the most often by sole traders is what expenses can be charged against business profits for tax purposes. This blog lists some of the most important tax deductible expenses. (please note that the below applies to sole traders, not to...