As you are trading (this applies to LTDs, Sole Traders and other business set ups) you can expect to make a turnover. You will need to register for VAT if you reach £85,000 turnover in the next month or within the end of your taxable year (within the 12 months in your tax period). This means… Continue reading VALUE ADDED TAX (VAT) – When to register for VAT?
Category: Business Management
BUDGETING FOR SMALL BUSINESSES
Budget is an important aspect of the financial management of small businesses. This includes formulating a detailed plan to explain how the company distributes resources over a period of time (typically one year). By setting budgets, small businesses can better control their own finances, make smart decisions about investments and spending, and increase opportunities to… Continue reading BUDGETING FOR SMALL BUSINESSES