“How long do I need to keep business invoices?” This is a question that new sole traders and company directors often ask. Before we answer that question, we think it is probably more important to clarify just what invoices you need to keep! Keeping hold of invoices issued by your business is necessary for a
Category Archives: HMRC Updates & Changes
Changes to Tax Rates & Thresholds, HMRC Updates & Changes, VAT, VAT Returns, VAT Tips for Small Businesses
Flat Rate VAT has changed….
….Are you aware of the changes? The VAT Flat Rate Scheme simplifies businesses’ record keeping, and makes it easy to work out the VAT they have to pay. However as of 1st April 2017 the scheme changed, as announced by the Chancellor in his Autumn Statement last year. So, how does it work? Normally a
Allowable Limited Company Expenses, Government Support & Reliefs, Year-End Preparation Tips
This HMRC loophole is a corker!!
All the major retailers have rolled out their festive TV ads, people are bustling about with carrier bags full of presents and rolls of wrapping paper, so that means we are officially allowed to say the “C” word, yes, “CHRISTMAS”!!!! As a business owner, you may well be thinking about how to give something back
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