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Hello, I’m Sara, a Chartered Accountant who transitioned into running an online business. I understand just how daunting and confusing it can be to take the leap into self-employment. The questions, the uncertainties, and the steep learning curve are all challenges I’ve faced myself. Whether you’re in the early stages of planning to go self-employed, just dipping your toes into making money on your own terms, or already fully committed, this blog is dedicated to helping you every step of the way. Through detailed guides, expert tips, and practical advice, I aim to be your go-to resource. From mastering financial management and navigating tax obligations to setting up the foundations of your business, I’m here to provide you with the clarity and confidence you need to thrive in your self-employment journey.
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Essential VAT Guides for Small Businesses
Get a clear understanding of VAT and how it impacts your small business with our easy-to-follow guides. Whether you're just starting and need to learn the basics, concerned about VAT registration thresholds, exploring available schemes, or ensuring you're reclaiming all possible VAT, this section has you covered.
Popular Guides:
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What is VAT and How Does It Work?
Understand the fundamentals of VAT and its role in your business.
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How to Claim VAT Exemption
Learn how to apply for VAT exemption and what it means for your business.
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How to Complete Your First VAT Return
A step-by-step guide to filing your initial VAT return.
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VAT Rates
Get familiar with the different VAT rates applicable to your business.
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VAT Thresholds & Limits Explained
Clarify the thresholds and limits for VAT registration and reporting.
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VAT Schemes Explained
Discover the various VAT schemes available and how they might benefit you.
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Claiming VAT on Fuel for Your Small Business
Find out how to claim VAT back on fuel expenses.
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How to Claim VAT Back on Expenses
Learn the process for reclaiming VAT on business expenses.
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How Far Back Can You Claim VAT on Expenses?
Understand the time limits for reclaiming VAT on past expenses.
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Should I Be VAT Registered as a Sole Trader?
Explore whether VAT registration is necessary for sole traders and what it entails.
[Read More about Should I Be VAT Registered as a Sole Trader?]
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What is a VAT Exception?
Learn about VAT exceptions, eligibility criteria, and the application process.
[Read More about What is a VAT Exception?]
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Is There VAT on Payroll?
Discover if VAT applies to payroll costs and how it might affect your VAT bill.
[Read More about Is There VAT on Payroll?]
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How to Claim VAT Exemption
Find out how to avoid VAT registration with HMRC’s agreement and what it means for your business.
[Read More about How to Claim VAT Exemption]
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Partial VAT Exemption Explained
Understand partial VAT exemption and how to calculate the claimable portion.
[Read More about Partial VAT Exemption Explained]
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VAT Exempt Sales Explained
Get insights into VAT exempt sales and why they don’t appear on VAT returns.
[Read More about VAT Exempt Sales Explained]
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VAT Calculator
Use our calculator to determine VAT amounts for invoices or check VAT included in prices.
[Read More about VAT Calculator]
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VAT Repayments Explained
Learn about VAT repayments, waiting times, and potential repayment supplements.
[Read More about VAT Repayments Explained]
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How to Work Out VAT Backwards
Find out how to extract VAT from a VAT-inclusive figure to determine the net price.
[Read More about How to Work Out VAT Backwards]
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Guide to Going VAT Registered
Prepare for the responsibilities of VAT registration and ensure a smooth transition.