From April 2022 HMRC are introducing new tax checks for taxi drivers and scrap metal dealers. HMRC believes that there is a substantial amount of tax avoidance in both of these sectors, through many traders not being registered as businesses for tax purposes. To clamp down on this suspected tax avoidance, HMRC have set out […]
Tax compliance Checks for Taxi Drivers & Scrap Metal Dealers Read More »
Anyone who operates a seasonal business, must be familiar with difficulties in meeting financial obligations during their quite trading periods when revenues may be decreasing but one still have to pay their fixed costs like rents, rates, salaries etc. When it comes to managing the finances of a seasonal business, you should first explore whether
Seasonal Business and Managing their Finances Read More »
Most people when starting a new business often unnecessarily overcomplicate businesses models and ideas. One business that is both basic in its fundamentals and complex in its operation is a food shop. A small café, selling food and drinks is based on a simple business model where you make physical food items and then sell
Do you think you have business Acumen? Read More »
Anyone who is thinking of setting up a new business should have a business plan in place. It is vital for the success of any newly formed business. No lender or any mainstream bank will lend finance without a well-written and practical business plan. It is one of the most important aspects of starting a
Business plans – Why they are important? Read More »
When setting up a new business, one of the most important decisions you’ll have to deal with is the structure and legal status your business will have to adopt in moving forward, whether you will trade as a sole trader or incorporate your business as a limited company? The business structure you choose can have
Should I register as a sole trader or set up a limited company? Read More »
Boris Becker was once the top-ranked tennis player in the world, and remains one of the few people to have won all four Grand Slam singles titles during his career. But recently he’s found himself struggling with financial hardships, battling to pay off his massive debts. His story has been called bizarre by many in
Boris Becker in prison for hiding three million dollars Read More »
