In the UK, the VAT threshold stands at £85,000. What this means is that if your business has an annual turnover of £85,000 or more, you’ll need to register for VAT with HM Revenue and Customs. Once you’re registered, you’ll receive a VAT number for your business to give out on your invoices. When you’re […]
Holidaying in Britain has become more popular in recent years – great news if you own a property that you can rent out. It’s still a sector that’s attracting a lot of investment as holiday lets in popular all-year-around locations can produce yearly profits well in excess of standard buy-to-let properties. What are the current […]
Saving for your retirement is important – it will determine much of the quality of your life in later years. As a contractor with an irregular income stream, it can be confusing deciding which pension plan to pick and how much to put away. In this article, we will show you how you can save […]
What if we told you that Her Majesty’s Revenue and Customs had a state-of-the-art £100m computer system designed to root out people who weren’t paying the correct amount of tax? For most people, the reaction might be “typical HMRC” and then they’d get on with the rest of their daily lives. For others, there would […]
Building up a marketing database for your business takes a lot of time and effort. Since 1998, the laws on data protection and usage have been settled but that’s about to change and you need to make sure that your business is ready. In this article, we will take a look at what these changes […]
TWP has welcomed the muted suggestion in the Spring Statement that the Government may be considering increasing public spending and has called on the Chancellor to consider the needs of small businesses. The Weybridge-based practice said they didn’t expect much from Philip Hammond during the speech after HM Treasury had played down the impact of […]
The role of an IT contractor is not only growing in popularity, demand is growing for IT contractors too. This can be attributed to flexible working hours, high pay, and a market that has supply shortages for the services in demand. This article will help explain what an IT contractor is and why you might […]
…have you put your plans in place? With just a couple of weeks until the tax year ends on 5 April 2018, you have a little time left to ensure your tax affairs are in place and you have used all of the reliefs and allowances available to you. To help you check your annual […]
Tens of thousands of UK businesses either use eBay as their sole route to market or as one of a number of ways they find new customers. Selling on eBay is big business. We traditionally associate eBay with auctions however nearly four fifths of the items for sale on the platform at time of writing […]
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