Find VAT Number

How to Find a Business’s VAT Number?

30/10/2021Business , Limited Company , VAT

A unique VAT (value-added tax) number is assigned to each VAT-registered business. If you’re a VAT-registered company, you’ll need the VAT number of other companies (suppliers) in order to reclaim any VAT you’ve paid. Therefore, this blog will let you know what is a VAT registration number, why it is essential and how can you …

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PAYE vs umbrella company

PAYE vs Umbrella Company

29/10/2021Business , Finance , Payroll & PAYE

As a contractor, you have two significant options of payroll: PAYE or umbrella company. So, it is essential to make the right decision, whether you are a new or an experienced contractor. That’s why we will focus on PAYE vs umbrella company in this blog. We will provide all the necessary details to you so …

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Autumn Budget 2021

Autumn Budget 2021: Key Points at-a-glance

27/10/2021Budgets & Other

Welcome to this special newswire. In this edition we focus on the Chancellor’s Autumn Budget. Please contact us if you wish to discuss any matters in this newsletter in more detail.   Budget and Spending Review On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review. Many of …

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cost of sales

What is Cost of Sales and How to Calculate it?

25/10/2021Business , Finance

You are required to understand the flow of money through your company in order to calculate the profits and debts accurately.  In addition, if you don’t have knowledge of how to move your money then it will be hard to manage the cash flow. And, cost of sales is one of the most important matrices …

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business asset disposal relief

Business Asset Disposal Relief – Guide for Beginners!

22/10/2021Business , Finance

The Entrepreneurs’ Relief has been renamed Business Asset Disposal Relief (BADR) since March 2020. It minimises the capital gains tax rate to 10 percent on shares. This makes the United Kingdom tax heaven for business persons. So, if your looking for a significant source to know about BADR, you just have found the right source. …

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Chart of Accounts

Chart of Accounts – A Basic Guide!

21/10/2021Accounting , Business , Limited Company

You are required to set up the chart of accounts (COA) in case you are taking over bookkeeping in your new company. If you do it rightly, your other tasks will be too easier to manage. The foundation of accounting is bookkeeping, and the initial step to managing your accounts correctly is “setting up the chart of accounts.” …

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