IF YOU DON’T MAKE A PROFIT, YOU DON’T HAVE A TAX BILL

However if you do make a profit, it’s easy to overpay your taxes.   In short, focus on:

  1. Getting Your Business Noticed
  2. Having People Contact You
  3. Selling something to them
  4. Encouraging hem to spend more with you when they are there
  5. Attracting them to come back to you repeatedly!

That’s what will dictate if you have a tax bill or not!

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Is there Vat on Training?

July 12th, 2019|

Is there Vat on Training? The short answer is sometimes. Schools and colleges never charge vat if you have to pay them for training, but for everyone else, there is vat sometimes and not on [...]

Proforma Invoice explained

July 1st, 2019|

Proforma Invoice what does it mean? Essentially, for the seller it means it’s not actually an invoice, which means the vat isn’t owing on it yet. When the customer pays, the vat is owing by [...]