Monthly Archives: September 2019

Hot Business News Today

How Starting a Facebook Group Can Help Your Business

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I know what you’re thinking: Do I really need another marketing tool? Can starting a Facebook Group help your business? You’re already posting beautiful photos on Instagram and coming up with clever captions. You’re engaging with your audience as much as possible and hashtagging your little heart out. You’ve set up a Facebook Page, regularly […]

The post How Starting a Facebook Group Can Help Your Business appeared first on The Work at Home Woman.

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HMRC’s new digital VAT rules – 6 steps for submitting tax returns correctly

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Originally written by Partner Content on Small Business
Making Tax Digital (MTD) for VAT is new HMRC legislation that forms part of a wider plan to eventually digitise all tax for UK businesses. All VAT-registered businesses with VAT-able sales above the annual VAT threshold (currently £85,000) are now required by law to keep digital records and file digital VAT returns through MTD-compatible software.
The majority of businesses need to do this for VAT periods that started on or after 1st April 2019 and around a million UK businesses are required to submit their VAT returns under the new system.
When you run your own business, changes to tax legislation can often seem intimidating but complying with Making Tax Digital needn’t feel that way. This checklist walks you through how to get up to speed with the new rules and how you and your business can benefit from the new system.
Register for MTD with HMRC
If you haven’t already done so, you’ll need to register for MTD with HMRC as you won’t be registered automatically. You can do this by visiting HMRC’s website. Once you’ve done this, you’ll need to connect your HMRC account to your chosen software. Be aware that it can take up

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7 essential checklist questions to ask when you’re buying a business

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Originally written by Jo Thornley on Small Business
Without a doubt, buying your first business can be an intimidating process. We’ve produced a checklist of vital enquiries you should make to simplify the process.
Why are they selling their business?
You may expect to hear the seller wants a different challenge, plans to retire, or maybe has health issues – all of which may stack up within the context of all you see and hear. But if the present owner is looking to exit the sector when the business income seems to be falling away, or if new entrants are starting to build their own presence in the market, these are clearly factors that will need to be carefully investigated.
So how will you judge the truth of what you’re being told? Unfortunately, you can’t really make a definitive judgement. However, an experienced due diligence team should be able to test the seller’s official position against the tale told by the financial records. So, don’t be afraid to get a professional second opinion to investigate.
What’s included in the sale?
This question encourages a response beyond a mere listing of assets. It also makes it easier for you as a potential buyer to ask to hear

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