Nobody wants to pay bank charges if they do not have to but using your personal bank account for your business just muddies the waters. Receiving money into a separate bank account and paying expenses out of the monies you have received means that yo…
Business owners may think that they can claim back VAT on everything they purchase which has VAT on it, but it may surprise them to know that VAT cannot be claimed on certain purchases.
Managing cash flow is a crucial part of running a business. It involves monitoring the flow of money into and out of your business and ensuring that you have enough funds to cover your expenses and invest in growth.
If you have employees who earn less than 123 pounds per week, do not receive any benefits and do not have another job you do not need to register as an employer and run a PAYE scheme, but
As a VAT registered business you must provide a valid VAT invoice to your customer (or a till receipt with your VAT number).