How to build a startup without any external finance

Here’s How you Build a Startup Without External Finance

It’s never easy when you’re starting off with something new. Especially when you’ve got no backup. You always need help from successful entrepreneurs and experts to get the answer around ‘how to build a startup without external finance’. Make sure you’re extra careful with your decisions. Some expert advice goes a long way. One of …

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cross border vat

Here’s All you Need to Know About Cross Border VAT

With the end of 2020 period in Brexit that ends on 31 December 2020. Apparently, there will be a lot of changes in how VAT treatment is done for international goods and services. The entire process of VAT will become cumbersome and manual as all the applications are paper-based. These will be sent to individual …

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Choose the right route to market

Choosing the Right Route to Market

Having the best product or service is not enough to get the attention of your target audience. You need to inform them about your product and services so they know about your existence. This is where marketing comes in. It is not just about what you are selling but it hugely depends on how you …

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Plan your long-term financial security with the right financial advisor

Getting your financial goals with financial advisors may sound strange for some of you. You may consider them a luxury. But in simple terms, these individuals help you achieve your financial goals by telling you where and how to spend your money. Talk about long term financial security.  Getting a professional hand involved in your …

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find a bookkeeper

5 Things you Must Look for in an Ideal Bookkeeping Software

The number of software offering accounting services has increased over the years. The wide variety of softwares has somewhat increased the demands of accounting softwares over the years. You’re on a mission to find a bookkeeper when you’re stuck with all the transactions at your end.  Of course some of the features are relatively different …

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How to setup a small business without applying for a loan or grant?

Starting a new business needs a substantial amount of cash and backup amount. You may not be able to obtain this amount from the bank or in the form of grants. It really depends on your business and its risk factor. In that case, you will have to turn to alternate options. Funding for a …

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Relevant VAT accounting schemes

VAT Accounting Schemes: Determine the Best Scheme for Your Business

If you are running a business, then you have to keep track of the taxes that you pay to HMRC. VAT is an indirect tax that is collected by HMRC because it is charged by the businesses for the HMRC. There are different VAT schemes to report VAT with HMRC. In the UK, VAT is …

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Factoring and invoice discounting

What’s the difference between factoring and invoice discounting?

Invoice discounting and factoring are very similar concepts. Both are helpful in releasing cash which is tied in invoices. Anyone can be helpful in funding, including banks, financiers, or invoice factoring companies. These lend against an outstanding debtor balance or accounts receivable. The end goals are the same. Having extra cash for your business never …

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environmental taxes in uk

Environmental Taxes, Reliefs and Schemes For Businesses

Adapting regulations regarding environmental taxes in the UK makes your business more environmental friendly and protects our environment. There are different taxes and schemes to encourage you to adopt these regulations. If you are running a business then: You may be consuming a lot of energy Small business with fewer energy needs You go on …

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overseas company

Here’s Our 101 On How to Register an Overseas Company

If you’re looking forward to registering as an overseas company in the UK, we’ll take you through a step-by-step process to make sure you’re doing it right. You must register for the company of company house if you’re starting out to set up a new business in the UK.     What’s the Eligibility Criteria? …

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common vat problems to avoid

Get your Way Around Common VAT Problems

As an accountant, we have to do a lot of problem-solving each day. Let’s take a look at the top ten VAT problems, and identify solutions for each one of these too. Businesses want to end up paying as little as possible, and getting your VAT right is one way to make sure you’re not …

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Webinars for business promotion in the covid times

The Importance of Webinars for Business Promotion in the COVID Times

With corona on the rise going out has decreased and the only thing that has traveled this year seems to be COVID 19. This virus has flipped everyone’s life upside down and would not be wrong to say when once we had a choice to stay at home, we’d run for it but now we …

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How Postponed VAT Accounting Will Work After the UK Brexit?

You will observe some changes after December 31st. Britain leaving the EU will bring some big-time changes. One of the biggest changes you may observe is the VAT changes which the government is adjusting by introducing a postponed vat accounting scheme.   What is postponed VAT accounting? After the Brexit, the goods coming from the …

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Some Major Tax Changes After Covid-19

All the VAT payments due between 20th March 2020 and 30 June 2020 will be deferred at the tax payer’s end. This was one of the major tax changes made up by the UK government after the corona implications. In case if the taxpayer chose the deferral option, he must get done with it before …

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Expect No Late Filing Penalties on Missed Out Tax Return Deadlines

Here’s some good news to look up to for business owners: there will be no late filing penalties if you missed out on your tax return deadlines this year. But that doesn’t necessarily mean that HMRC encourages you to pay late. HMRC, in fact, made sure to not extend tax return deadlines so that maximum …

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Here's all you need to know about making tax digital

Here’s All you Need to Know About Making Tax Digital Signup (MTD)

You’re looking forward to finding out more about the abbreviation MTD. So basically, what is MTD? MTD stands for making tax digital. This blog further guides you about all you need to know about making tax digital signup, and debunks common myths HMRC has eased up the manual accounting and VAT process and made everything …

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How to Avoid Tax Investigation

Tax inspections and how to avoid them

HMRC conducts random compliance checks against businesses and individuals. They usually smell irregularities through suspicious activities and tax inspections to find any substance. This is a routine process to encourage businesses and other taxpayers to follow the laws and regulations. If you ever notice that you are under the tax investigation of HMRC, don’t think …

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Three Essential Accounting Tips for Startups

If you’re looking forward to investing in the long-term success of your business, chances are you’re focusing on your product or service alone. You’re probably paying no attention to anything else surrounding it to ensure things go smoothly in the long run. However, selective attention is also a thing when it comes to running a …

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What tax relief one must expect on loans for small business?

You always need help when you’re looking forward to investing in a new business prospect. But how much tax relief one must expect on all those loans for small business? Christmas is one of the most trending topics these days, and people are grabbing every opportunity to invest in a long-term plan. But what about …

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Utilise the trivial benefits exemption to provide tax-free Christmas gifts

How will people approach the Christmas office party is one question in the minds of so many of us. It’s certainly not off the menu. Employees will make sure to spread some holiday cheer among their workers. These are people who have been furloughed or working from home for 2020. Taxes fade away the happiness …

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