As an employer you can pay your employees for mileage incurred when they are using their own car to travel on business. HMRC sets out the rates you can pay without the payment being subject to tax and NI. The approved rate is
Making Tax Digital for VAT is less than 6 months away. We are ready for it and have made sure all our customers know what changes they need to make too. Are you ready for MTD?
When you start out in business it is difficult to know whether to be a sole trader (self-employed) or a limited company. And many will wonder what the difference is and whether there are advantages of one over the other.
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Whether you are a new business or an established business it is always worth putting some thought into when is the right time to become VAT registered.
New business owners often think that they have to become VAT registered
Being in business is about selling a service or a product in order to make a profit. On paper it can look as though you are making a profit however your bank account could tell a very different story.