Tag: finance

VAT Return

Our guide to completing a VAT return

As soon as you reach the VAT threshold, which is currently £85,000, you will be expected to pay VAT on all taxable sales. However, you may also be entitled to claim back VAT that has been charged on business purchases. As part of this process, you will also need to submit a VAT return to…

Why should your small business be using Xero?

Xero is a cloud accounting software tool used by over two million people worldwide. Designed to meet the accounting needs of small and growing businesses, Xero has revolutionised cloud accounting, making it easier and simpler for small businesses to manage their finances. But why is it so popular? And why should your small business be…

The importance of cash flow forecasting

Cash is king in any business, but it is especially important for small businesses to look after their cash flow. If you don’t keep a tight hold of your cash flow you can quickly run into a catalogue of problems. Why is cash flow forecasting so important? Cash flow forecasting will not only help you…

How to keep your business finances in order

How to keep your business finances in order Running any businesses is challenging, and you’ll often find that keeping on top of your business finances can often take a back seat. After all, when your busy doing what you love and running your business, it’s easy to see how day to day bookkeeping can be…