The global pandemic has ensured we will never forget 2020! Of particular importance to business is to revisit your strategic plan. How can your business remain resilient and mitigate risks during this pandemic and beyond?
You have probably heard the phrase ‘Cash is King’. In business, this is true. Despite this, cash flow is an area of business where many struggle to manage effectively causing business-owners to spend many hours chasing – all unbillable time.
It is common for many businesses to wish to avoid the requirement to be VAT registered. As the law currently stands a business making taxable supplies must register for VAT if sales exceed £85,000 over a 12 month period.