You must register for VAT with HM Revenue and Customs (HMRC) if your business’ VATable turnover is more than £82000 per year. If you want to, you can voluntarily register if your turnover is below this (unless everything you sell is exempt). Not sure what forms you have to fill in? HMRC have produced this video to […]
In 2012, the law on workplace pensions changed, previously it was up to the individual to save for their retirement. Now every employer with an eligible worker must enrol them into a workplace pension. It is called “automatic enrolment” because it is automatic for workers, it is not automatic for employers. Regardless of whether you […]
A guide to improving cashflow and tackling late payment More than any other factor, a business is defined by the balance between the money coming in and the money going out over any period of time. Ideally, the scales should be tipped in favour of the former, but the reality of the business environment is […]
A guide to the finer points of auto-enrolment The process of auto-enrolment continues to rumble on quietly with the majority of companies passing their staging dates without major incident. However, for the few that fail to comply with their workplace obligations, the consequences can be costly in time and resources. The Pensions Regulator has released […]
Deregulation tops small firms’ priority list More than half of small business owners want the new Conservative government to prioritise reducing regulation, a survey by the Federation of Small Businesses (FSB) has revealed. The poll of more than 2,300 FSB members found that 53% believe that regulation is the biggest issue to tackle in the […]
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