Category: 3 VAT Pitfalls

Bookkeeping tasks to complete in January

January is a great time to review your bookkeeping processes and get your business’ finances organised for the new year. For many businesses, January is a quiet time of year that is best used to review performance and processes and plan and prepare for the year ahead. Complete the following bookkeeping tasks in January to…




Tax incentives for running electric commercial vehicles

Did you know that switching from petrol or diesel to electric commercial vehicles could help to save your business money? Businesses are under increasing pressure to find ways to work more sustainably and reduce their carbon emissions to help protect our planet. If your business runs commercial vehicles, making the switch to electric models can…




Avoid These Small Business Accounting Pitfalls

Owning a small business can be a bit of a rollercoaster ride and sometimes this can lead to mistakes in accounting that can result in problems for the business. Here are some tips on avoiding some of the common pitfalls business owners often encounter. 1. Not keeping personal finances separate from business finances Old habits…




Avoid These 3 VAT Pitfalls When Running Your Own Business

If you have started a business then it may take a couple of years to get to the point where the turnover of the business reaches the point where you have to register it for VAT. This is currently set at £82,000 a year and the point where you know you have got to start…