If you’re a director-owner of your own limited company though, you can pay yourself a regular salary with relative ease. The real question is how to do it in the most tax efficient manner.
At the risk of repeating ourselves, cashflow is king for every small business.
You can have the best business idea in the world, but without sufficient incomings to meet your expenditure, you’ll never have the money available to make your business grow.
Most business owners already know the threshold for compulsory VAT registration is a taxable annual turnover of £85,000 - but there is often confusion over exactly what counts towards this figure, and how and when a business should register.
Today’s technology has made international business more accessible than ever. Armed with little more than a laptop and an internet connection, any small business or freelancer can easily work for a raft of international clients.
With so much continued uncertainty around Brexit and what it might mean for international trade, it’s great to be able to highlight some positive news for UK businesses who buy and sell abroad!
After more than two years of back and forth with Brussels, time is very nearly up on the Brexit negotiations. Britain’s exit from the EU is set for the 29th March 2019 - and at the time of writing, still no deal has been struck.