Guides

The VAT flat rate scheme (FRS) is used by many small businesses to help simplify their VAT reporting obligations, although some VAT experts would argue that the scheme is not simple to use.

For accounting purposes, cash transactions between a director and a personal or family company are recorded through the director’s account.

From a payroll perspective, there are various tasks that an employer has to perform when they take on a new starter....

A SIPP is a self-invested personal pension which is set up by an insurance company or specialist SIPP provider. It is...

Certain unincorporated small businesses may choose to use the ‘cash basis’ when calculating taxable income, under...