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,...

Is now the time for an electric car?

With the governments recent announcement that it will bring forward the ban on the sale of new combustion-engined cars from 2040 to 2030 is now a good time to consider switching your vehicle to an electric one?  With petrol and diesel powered vehicles making a...

Opportunity Cost

DIY Startups With start up business there can be a tendency to do everything yourself; whilst this is one avenue you can go down, is it necessarily the best for you? What is the opportunity cost of doing things yourself? Running a small business involves a range of...

Why a Lower VAT will Encourage Consumers to Spend More

COVID-19 has brought about unprecedented happenings, none more so than the extraordinary funding schemes implemented by the Government. Whilst the furlough and business grant schemes were the starting point, backing for the hospitality sector came later. Furthermore,...

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