Monthly Archives: February 2017

Choosing The Right Legal Structure For Your New Business 

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Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
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choosing the right structure from your businessSo you’ve had your big idea, then after researching your business idea, determining your target market and sizing up your competition, you are ready to set up your business. But there is st
ill a long road ahead of you before you can consider your new business a success.

 In this blog post, we’ll cover a number of topics you need to consider before starting your business and things to be aware of when you begin trading.
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Changes To The Flat Rate VAT Scheme Explained

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Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
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flat rate VAT tax scheme changes As part of the Autumn Statement, the government announced that from the 1st April 2017, flat rate VAT will be changing to a uniformed level of 16.5% for businesses that fall into the category of ‘limited cost businesses’. The current rates vary depending on the trade sector of the business but can be anything from 4% to the standard rate of 14.5%.

The flat rate tax scheme was introduced to help small businesses save time by simplifying the accounting process for VAT, making it easier to work out the VAT that they have to pay.

In this blog, we will look at why this change was made, important timescales and how this change will affect you.

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