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Small Business Tips

HMRC Issues Customs EORI Numbers

13th September 2019 | Written by In Accountancy | Categories : Brexit, Business, Client Focus, HMRC, News, Small Business Tips, VAT
HMRC Issues Customs EORI Numbers

In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system. HMRC has confirmed that more than 88,000 VAT-registered businesses across the UK will be allocated an Economic Operator Registration and Identification (EORI) number in order to enable them to keep trading with customers and suppliers in the EU Read the full article…


Digital Services Tax

8th September 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Miscellaneous, Personal Tax, Self-Employed, Small Business Tips, Tax
Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. However, this only applies when the group’s worldwide revenues from these digital activities are more than £500m and more than £25m of these revenues are derived from UK users. Jesse Norman, Read the full article…


Working Parents May Be Eligible For Tax-Free Childcare This Summer

23rd August 2019 | Written by In Accountancy | Categories : Business, CASH, Client Focus, HMRC, HMRC, Miscellaneous, Self-Employed, Small Business Tips, Tax
Working Parents May Be Eligible For Tax-Free Childcare This Summer

The government is reminding working parents that they could ease this summer’s childcare costs by using Tax-Free Childcare (TFC). The scheme is worth up to £2,000 a year for each child and allows parents to save regularly for childcare costs. For each £8 saved the government will make a top-up payment of £2. The money saved can be put towards Read the full article…


How to improve cash flow in a small business: Cash really is King!

23rd August 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Small Business Tips, Tax
How to improve cash flow in a small business: Cash really is King!

How to improve cash flow in a small business? This is a question we are often asked by clients and contacts alike. I continue to be surprised by the number of businesses out there who focus on top line sales growth above all else and forget the rule that Turnover is Vanity, Profit is Sanity, but cash is KING! And Read the full article…