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Small business guide to increasing profitability

Read some helpful tips to boosting your bottom line including; keep an eye on turnover, introducing a higher-margin product, the power of rebranding and more...

What type of short-term finance would you consider?

Can we reclaim VAT?

Expert view

Can we reclaim VAT?

As a small company in construction we are VAT-registered. Our quantity surveyor has recently become VAT-registered and therefore his invoices have increased owing to the VAT element. Can we reclaim this VAT as he is a service provider?

Jason Piper |

Can I put the business in my wifes name?

Expert view

Can I put the business in my wife's name?

I am registered for VAT and run a shop in a partnership with my wife. We are thinking of importing goods to sell online from Germany. Can we put the online business in my wife's name so we don't have to worry about VAT until turnover exceeds £77,000?

Accountant wrongly told me I was VAT-exempt

Guide

Accountant wrongly told me I was VAT-exempt

My former accountant advised me over a period of five years that I was VAT-exempt. He was incorrect with his professional advice. My VAT bill was £53,000. Is there anything i can do about it?

 Can I claim back VAT?

Expert view

 Can I claim back VAT?

I started a new business eight months ago but was not VAT-registered. Now I want to sell machinery and close the business. Can I claim VAT back and do I need first to register then sell the business?

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