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...
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...Follow Starfish Accounting
