Tax & Vat

The Tax & Vat small business archive.

Accounts & Tax

Basic tax, VAT and cash flow for start-ups

When starting a business, there are a myriad of VAT, National Insurance, income tax and cash flow issues to consider. Clive Lewis of the Institute of Chartered Accountants in England & Wales offers this introduction to what to expect.

Accounts & Tax

Income tax, National Insurance and VAT

Red tape is a necessary evil in all businesses, so you need to make sure you’re on top of it. Tax, National Insurance and VAT are an everyday part of thousands of businesses across the country.

Accounts & Tax

PAYE for sole traders

If operating as a sole trader, profits (or losses) will be taxed under Income Tax rules and you can continue working in employment under PAYE (Pay As You Earn).

Accounts & Tax

Avoid tax return errors

The tax return deadline is looming and it’s important to get your forms back before 31 January, but it’s also important to get it right and avoid making these common mistakes.

Accounts & Tax

Is commission charged to our company vatable?

Accounts & Tax

Tips on saving tax for small business owners

No one likes paying tax, least of all small business owners, so here are some tips for ways to reduce your tax bill or claim back tax already paid.

Opportunities

Dealing with tax and VAT

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.

Accounts & Tax

How start-ups are taxed

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.

Accounts & Tax

Guide to pre-trading expenditure

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.