Profitable businesses still run out of cash. The usual culprit isn’t a lack of sales, but invoices that go out late, contain mistakes, or sit unpaid with nobody chasing them. The good news is that most late payments are preventable. Here are six habits that make a real difference. 1. Invoice Immediately Send the invoice
Get Paid Faster: 6 Invoicing Habits That Protect Your Cash Flow Read More »
The Information Commissioner’s Office has a simple guide that explains what you need to do in the 72 hours following a data breach. The seven step approach advocated is set out below: Step one: Don’t panic It’s understandable if you’re concerned about what happens next. But we’re here to help you understand what happened
Responding To A Personal Data Breach Read More »
In the UK most basic food stuffs are zero rated. However, the definition of ‘basic’ is not straightforward and many of the foods are zero rated as a result of historical legislation dating back to the introduction of VAT in 1973. Famously, cakes are zero rated but not all biscuits are zero rated. However, biscuits
Are Mega Sized Marshmallows Zero-Rated? Read More »
If you are a higher rate or additional rate taxpayer you have the option to carry back your charitable donations to the previous tax year. A request to carry back the donation must be made before or at the same time as your previous year’s self-assessment return is filed. This means that if you made a
Carry Back Charitable Donations Read More »
HMRC has published new guidance for taxpayers that regularly sell goods or services through an online marketplace. The guidance makes it clear that this activity could be treated as a ‘trade’ for UK tax purposes. If this is the case taxpayers may need to pay tax on income they earn from buying and selling goods
Should You Pay Tax On Selling Goods Online? Read More »
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