Recently, I received an email from my golf club with the subject line of “Cheating!” There have been enough conversations about the perceived bending of the rules to warrant communication to all members. We know it shouldn’t happen. We hope it never does but it has. It’s a nasty word – “cheat”. It conjures up […]
VAT and Why You Shouldn’t Create a Glass Ceiling For Yourself
How much is the threshold before you start paying VAT? It’s £85 000. You want to earn more than that, though, right? That’s the plan when you start a business. You want to build something. If you’ve not registered for VAT, it’s time for you to stop getting in your own way and do it. […]
Pros and Cons of Being VAT Registered
Should you register for VAT? That’s one of the big decisions you’ve got to make when you set up your business. If you have reservations about going with the ‘Yes’, I can totally understand that. At the same time, however, I believe you’re missing out if you decide not to. Missing out on fulfilling your […]
Why the VAT Barrier Isn’t a Barrier
£85 000 — that’s the value added tax (VAT) threshold. Earn anything below that annually and you don’t have to register for the tax. If you’re starting out, £85 000 might seem a long way away… unachievable, even. It isn’t. Maybe you just don’t want to charge it. Maybe you’re waiting to cross the VAT […]
