Having a separate bank account for your business expenses and income keeps your business spending separate from your personal spending and enables you to easily see if your business spending is exceeding your business income.
If you have just submitted, or are about to submit, your VAT return for the period January to March 2022 manually through the Government Gateway this will be the last one you will be able to submit in this way.
Now that the tax year 2021 to 2022 has come to an end its time to start gathering information to complete your tax return.
An increasing number of businesses are using proforma invoices to obtain payment from their customers in advance of supplying goods. Why do they do this and what is the difference between a proforma and an invoice?
All employees are entitled to paid holiday which begins to build up as soon as they start their employment. This includes casual workers who may work one day a week or are on a zero hours contract and work only when needed or when they want to.
