Managing payments to suppliers can become confusing, especially if there are lots to keep track of. Like with most aspects of business finance though, careful monitoring goes a long way towards keeping things running smoothly. We explain how supplier payments can affect a business, and how to keep on top of them. Why it’s important…
It’s an age-old question that is challenging for both new and established businesses alike. How much should you charge your customers for your business’ products or services? And when is the right time to increase prices? In this article, we will explore some of the factors at play when it comes to considering increasing prices….
Working out the employment status of someone who is employed or self-employed can sometimes be surprisingly complicated. In this post we’ll explain examples where a worker’s employment status might be confusing, and how to identify it correctly. Employee or contractor? The official stance from GOV.UK is that “an employee is someone who works under an…
Current VAT rules require that a business to become VAT registered once it hits £85,000 a year in VAT taxable turnover. But, can a business register before that?…
Choosing the right business bank account might seem like a simple choice but choosing the best place for that hard-earned cash depends on what the business needs. Many business owners simply pick the same bank they’ve been using for personal accounts for years, but there is a huge amount of choice out there. And believe…
