Guide to wages records
Legally, you must keep proper records of all wages paid to employees and this guide will show you exactly what information to record.
Accounting
The financing channel looks at the different small business funding options available to start-up companies and established SME businesses looking to grow. Read a wealth of guides and tips to help manage your accounts and cash flow better, views on the future of business banking and where to source alternative finance.
Legally, you must keep proper records of all wages paid to employees and this guide will show you exactly what information to record.
Accounting
Small Business Banking
Business owners are increasingly using personal credit cards to fund their businesses, particularly when it comes to major purchases such as vehicles and equipment.
Tax
Small businesses are often tempted to 'go it alone' rather than seek professional help with their accounts – usually this is a cost-saving exercise, but can be a false economy in the long run.
Accounting
Many people starting their own businesses like to start up part-time initially while still remaining in full time employment in order to test their idea or even to run their venture on a permanently part-time basis.
Accounting
More than two-fifths of small businesses are offering credit to new customers without checking their creditworthiness, leaving themselves open to bad debts.
Accounting
If you have expenses in respect of your self-employment in the seven years before you commenced trading, you may be able to claim these items against your profits.
Tax
Determining whether a partnership exists, particularly in respect of VAT, can sometimes be a difficult task.
Accounting
One of our readers has posed the following question related to PAYE when working a full time job and also a 'side gig' job.
Tax
Determining whether a partnership exists, particularly in respect of VAT, can sometimes be a difficult task.
Accounting
One of our readers has posed the following question related to PAYE when working a full time job and also a 'side gig' job.
Accounting
HM Customs and Excise (HMCE) says that the supply of most food and drink of a kind used for human consumption is zero-rated, but there are exceptions; catering being one of them.
Small Business Banking
It is not a legal requirement that you open business account – but there are several reasons why it is a good idea.
Small Business Banking
If you have an employee who does not have a bank account, and insists on being paid in cash, what are your options?
Tax
If you are importing some VAT-rated products in from the EU, but your turnover is less than VAT registration level, find out whether you have to pay duty.
Partner content
HSBC - Advertising feature
Business Technology
Here's how Security Service Edge from Vodafone can help to protect your SME from ever-increasing cyber threats