Cash vs profit

Whenever a business faces financial difficulty, it is easy to assume that the company simply isn’t profitable. In many cases this is quite true of course, particularly in recent times. But this is not necessarily the case, and…

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VAT flat rate scheme

If you are a VAT registered business you are required to declare all your sales VAT, and to claim back VAT on your purchases, on a VAT return form every three months. For some businesses, using the flat…

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Sole Trader vs Limited Company

One of the decisions new businesses often face is whether to operate as a sole trader, partnership or limited company. Most small business owners choose the sole trader or partnership route at least to begin with, because it’s…

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