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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…


7 ethical tips for small businesses to become more successful (Efficient and Effective)

People who own small businesses often find themselves so busy keeping the business running and trying their best to expand at the same time that they can easily lose sight of their priorities and end up getting further away from their goals. Following certain ethics can make your job much easier in making decisions that…


6 points checklist – when you start a new company

You may have been working as a self-employed or working under an employment contract with another company before but now you have decided to start your own company and are curious to know what you have to do next. Register a new Company First of all, you must register your new company. All companies are registered…


Things to check when preparing year-end accounts

For the preparation of the year-end accounts, most companies use an accountant. For many businesses, this can be a difficult task, but if you learn to offer all the information required by your accountant, it can become relatively simple. Here are ten things you need to check when preparing year-end accounts. They contain the basic…