It may sound simple, but the flat-rate scheme for VAT continues to cause problems for businesses. This post sets out the basic rules behind the scheme, and highlights some of the potential pitfalls. Under the flat rate scheme (FRS), you pay VAT as a fixed percentage of your VAT-inclusive turnover. The actual percentage you use depends on […]
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Our (hopefully) insightful ramblings…things that occupy our mind!
In venture capital, a variant on the Glengarry Glen Ross mandate is most fund managers’ modus operandi: Always. Be. Raising. And it seems like VCs have picked up on that. In the last few months, even casual readers of the tech press would notice many, many stories about VCs raising big new funds. So are […]
We are nearing the eye of the storm. Whether this be through changing attitudes of employees and consumers, innovation driven by artificial intelligence, political changes at home and in the US and, of course, Brexit, the macro environment is changing. With this uncertainty, there arises many fantastic opportunities for successful businesses to grow, thereby maximising […]
What is the optimal monthly or weekly salary that can be paid by an employer without incurring a liability for the employer or employee for National Insurance (NICs)? It is important that the employee or director is paid over the Lower Earnings Limit (LEL) for NICs in order to qualify for certain state benefits. The LEL […]