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Business accounting for non-accountants

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VAT – Flate-rate scheme changes Apr 2017

At Autumn Statement on 23 November 2016, the Chancellor of the Exchequer announced the introduction of a new 16.5% VAT flat rate for businesses with limited costs. This will take effect from 1 April 2017. VAT – Flate-rate scheme changes The VAT Flat Rate Scheme (FRS) is a simplified accounting scheme for small businesses. Instead…


4 Common Accounting Mistakes

For most startups and small businesses, the bookkeeping is a really time-consuming task. Many small companies are one person firms or have really limited staff, so there is a high chance that someone with no experience in accounting will end up being in charge of the companies bookkeeping. Unfortunately, this way there is a high…