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What is overtrading?

Overtrading is a problem which can affect any business but is most common in recent start-ups and rapidly expanding businesses. 

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If I set up a charity, when and who do I have to register it with and are there any benefits in doing so?

All charities benefit from a number of financial advantages, including exemptions from income or corporation tax on some types of income; capital gains tax stamp duty and inheritance tax on gifts made in wills.

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My business has a taxable turnover of less than £150,000 – can I simplify my VAT accounting?

It may be possible for your business to use the flat rate scheme for VAT and to calculate your VAT as a percentage of your total VAT-inclusive turnover. The actual percentage you use depends on your type of business.

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