If you have a business, the following are some of the more common tax deadlines coming up in October. VAT If your VAT quarter end is 30 September, you need to submit your return by 31 October (paper) or 7 November (online). Your payment is usually the same as the due date for your return. …
Quite a few people have common perceptions of limited companies and the consequences of trading through one. We thought it useful to summarise some of the more common ones, which are actually myths, which we hear mentioned when explaining about how a company operates. Directors have to be shareholders In many small and family sized …
Late filing penalties for personal tax returns issued by HM Revenue and Customs (HMRC) used to be quite simple. They consisted of 2 x £100, which were limited to the amount of tax actually due. For example: For tax year 2010 (year to 5 April 2010), the tax return was due by 31 January 2011. …
When you start a new business, there are a thousand and one things that need doing and everything takes priority. The main focus for start ups is on promoting the business, as without sales there is no business. However, finances are also important, especially if you produce invoices for the goods or services you sell. With this in …
What are KPI’s? KPI’s are Key Performance Indicators. They are used to measure the success of a business. Isn’t that the same as a profit and loss account? No a profit and loss account measures the profitability of a business for a specific period – a year, 6 months, 3 months, or even 1 month. …