When Should I Increase My Prices?

No matter how passionate you are about your business and its customers, the fact of the matter is that making money is always going to be high on your list of priorities. For some, right at the top. That’s why creating a solid business plan is so critical, and why we’re always going on about…

What’s the Difference Between an Invoice and a Receipt?

There are several significant differences between invoices and receipts that as a business owner it’s important to understand. But once you’ve got your head around it all, you’ll find it much easier to maintain good business practices and financial records. Quite simply, an invoice is sent to request payment for a particular product or service….

Which VAT Scheme Should I Use?

The VAT accounting scheme that you use can simplify how you work out your VAT, and even enhance your cash flow. Some schemes do have eligibility restrictions, but as long as you meet the criteria you can register for VAT on a scheme to suit your particular needs. In this article we give an overview…