Having a separate bank account for your business expenses and income keeps your business spending separate from your personal spending and enables you to easily see if your business spending is exceeding your business income.
We have been providing bookkeeping services to business owners for more than 18 years and the bookkeepers in our team work to support businesses who want to have more control over their finances to enable them to grow
With a reduced rate of VAT of 5% then 12.5% from 1st October 2021, the hospitality, tourism and food industries were given a bit of a lifeline to help them recover from the closure of many businesses through the pandemic.
We all have expectations of ourselves and others and it can be disappointing when others do not do what we expect of them. In business we have expectations about the product we are buying or the service we want to receive. Our experience of
Several years ago a business was put in touch with me about their VAT situation because they had been told by their accountant that they did not need to be VAT registered.
