Latest Q & A
"Burn rate" funding
How does a start-up business in the UK manage a "burn rate" if their business isn't projected to reach a break even sales level until year 3 or 4?
Where best to set up for tax?
Are there any places in the UK where it is better to open up a business for tax reasons? Or is it beneficial to open up in Ireland for instance?
Ownership of goods supplied
I supplied goods to a customer who has since fallen into administration without paying my invoice. However, the customer is still trading under a new business name. Do the goods I supplied to the customer still belong to me?
Cost-effective finance
What is the most cost effective way to raise the finance for a small business at the start-up stage?
Selling a small company
There's lots of advice out there about setting up a small business. Does anyone know of a good site/advice source on selling a company?
Charging VAT pre-registration
Do I charge VAT on invoices issued while I am awaiting my VAT number?
Raising Finance
How can I get in touch with business angels or potential investors with regards to expanding and being involved with my business? Are there any other options?
Raising an invoice as a sole trader
When raising an invoice as a sole trader, do I have to raise it in my name or can I use the title I am trading under. For example if I am John Smith t/a JS Associates, can I just use JS Associates? Thanks.
Debts of a deceased sole trader
If a sole trader dies owing money, what happens to these debts?
VAT on internet purchases
My business buys goods online using a company credit card but doesn't always get a VAT receipt. What's HMRC's view of this?
"Standard Industrial Classification”?
In terms of VAT, what is my “Standard Industrial Classification”?
VAT Registration for consultant (sole trader)
I am a sole trader. This year my turnover as a consultant will be £73,000 but most of my services have been provided to a company based in Norway (outside of the EU). Do I need to register for VAT?
Small Firms Loans Guarantee Scheme explained
Could you explain how the Small Firms Loans Guarantee Scheme (SFLG) works please?
Paying wages during a crisis
How do I go about paying my staff wages during a cash flow crisis? I cannot open my shop because I have no water and no electricity. Is there a short term solution?
Financing routes
Can you give me examples of financing routes for my first business?
