Whether you've reached the turnover threshold (currently £85,000 in any 12-month period) or want to register voluntarily for VAT, you've possibly heard of the Flat Rate Scheme and may be wondering whether it's the right scheme for your business.
This is a question that crops up regularly in networking groups, and although it's not a legal requirement to have one (even for a limited company) my answer will always be, "You might not legally need one, but you should definitely want one".
So you've decided you need to hire a bookkeeper. You've looked around, probably found a dozen potential candidates and now you need to decide which one to use. But how do you narrow down the list? Here are a few things to bear in mind:
On average four days a month are lost by small business owners trying to get to grips with compliance and admin tasks. Yet only one day a month is dedicated to growing their business. The findings in a survey by the Federation of Small Businesses made me think that’s f...