Small Business Archives - MilBen Accounts

The Best Practices for Invoicing For Small Businesses

We all love getting paid quickly and to accomplish this it’s important to manage your invoices. Invoicing for small businesses can be tedious, but implementing the following best practices will make the process smoother and improve client relations. Start as you mean...

Small Business Growth: How to Plan and Manage for Success

Growth is a tricky thing. It can both be exciting and intimidating to think about expanding your company. But if you want it to happen you need to be proactive and plan. The following points will help you to plan for success. Set and Map Your Goals It’s hard to grow...

Tax reliefs on business capital assets

With the recent budget announcing a new “super deduction” tax relief now would be a good time to consider asset purchases and the tax reliefs available for your business. What is a Capital (or fixed) Asset? Simply put, it is expenditure on equipment used in your...

When do I need to register for VAT?

In the UK charging Value Added Tax (VAT) to your customers becomes compulsory when your VAT taxable turnover is over £85,000. If you think you may be near this threshold it is important to keep your accounts up to date and check them at least monthly as this VAT...

Starting a business whilst still employed

Have you ever thought, I would love to run my own business! I think I could provide a better service, if I had my own company! Starting a new business is one of the most exciting things you can do. It gives you the opportunity to do something you are passionate about,...