Accounting

Accounts packages

I buy and sell cars and I am using the SAGE accounts system, however I am struggling with putting on credit notes and working out the VAT I will have to pay back.

Business Ideas & Planning

Transferring assets to a company

If you set up a limited company, can you transfer assets to the company which you already own? e.g. an existing PC, already owned? I would assume it would have to be at market value.

Accounting

Find an accountant

When you run a business, you are legally required to keep certain financial records, like tax returns and VAT details. You might decide to do some of this yourself, but you need to weigh up the cost of a professional accountant against the time and potential headaches it could cause you.

Accounting

Give credit only where it’s due

More than two-fifths of small businesses are offering credit to new customers without checking their creditworthiness, leaving themselves open to bad debts.

News

Fulfilling your financial obligations

Your financial obligations will vary depending on the type of company you have, and your turnover.