Which VAT scheme should you use? When you first become VAT registered you can choose which VAT scheme to use when reporting VAT.and#160; Whilst you can change this at a later date HMRC would not want you to keep changing from one scheme to another.and#160; So before you become VAT registered you should understand the different ways of reporting VAT and decide which one will suit your business best.and#160; Here are the facts about three of the schemes.
https://www.sandrasilk.co.uk/a....rticle/405/vat-accru

Digital Accounts Records From April 2023 individuals who have income of more than and#163;10,000 per year, including from property, and who complete a Self Assessment Tax Return will have to submit their accounts digitally to HMRC on a quarterly basis.and#160; Whilst this seems a long way ahead now is the time to start thinking how you will manage this.
https://www.sandrasilk.co.uk/a....rticle/404/digital-a

National Minimum Wage Rise 2021 & Claiming Furlough In November 2020 the Chancellor announced the new rates for the National Minimum Wage which will take effect from April 2021.
https://www.sandrasilk.co.uk/a....rticle/403/national-

New Business Consultation Many businesses have been formed over the last 9 months whilst we have been in this never before experienced situation.and#160; Employees have been furloughed and some businesses have not been able to continue trading, or not in the way they have done previously.and#13;and#10;and#13;and#10;This has given people time to think and assess their work future
https://www.sandrasilk.co.uk/a....rticle/402/finance-n

Are you planning for the New Year? The Christmas and New Year break is a good time to reflect on all that is good and not so good with your business. Business owners have chance to step back and take time to look at what works, what doesnand#39;t and what could be better as well as planning for the coming year.
https://www.sandrasilk.co.uk/a....rticle/401/Are-you-p