Small businesses selling into EU face £180m in extra red tape costs For the first time small businesses that sell into the Europe will be required to register for VAT. The new EU One-Stop-Shop rules, which will be introduced on July 1, are designed to stop an estimated €7bn in annual [...]
Xero subscription pricing is changing! From 23 September 2021, prices for Xero plans will be as follows: If you're a subscriber with a current discount or promo code, this will be applied to the new pricing from 23 September 2021 and will continue for the length of time originally agreed. There [...]
Most businesses still drown in paper and one of the biggest culprits are the receipts and invoices that owners receive for business purchases. But the good news is, you can eliminate the need to keep paper in your business with Hubdoc. In our Guide To Automating Your Bookkeeping we outline how [...]
Some small business owners still haven’t received their Restart Grant A number of business owners haven’t yet received their restart grant despite being launched at the beginning of April. This grant was set to help non-essential businesses, who were forced to close, reopen after lockdown. What can I do if I haven’t [...]
When a business is trying to grow there is often a limited resource that prevents it doing so. The one that immediately comes to mind is customers or, more accurately, a lack of customers. However, for many, a lack of customers is not the main issue; there is some other limiting [...]
Small business owners who duck out of repaying Covid debt face ban With many loans being provided over the course of the pandemic for businesses who are suffering, the reality of paying these back is in full force. Reports now suggest that if small business owners do not repay their debt, [...]
In every business for every £1 made in Sales only a small % is yours to keep. This is because there are direct costs incurred when making each Sale. For example, you may have to pay direct labour, direct materials, bank charges etc. So, for that £1 in Sales your business [...]
2020 named 'Year of the Start-up' with record 770,000 UK businesses created A huge 770,000 new businesses were created in 2020, with the majority of these being online businesses. Starting a business is an exciting time but the learning curve can be huge, fortunately we are here to offer a helping [...]
For capital expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. Under the super deduction, for every pound a company invests, their taxes are cut by up to 25p. For example, a Limited Company that purchases [...]
Our Latest Factsheets Our increasingly popular guides and factsheets are available for you, free of charge, to read at any time: Guides & Factsheets Popular topics include: Tax-efficient ways of getting paid from your company. How should I own my car? Landlord Taxes explained. Overcoming the 12 [...]
