In general, businesses can claim back VAT on goods and services that are purchased for business use, provided they are VAT-registered. However, for a business to claim back VAT on its own services, the transaction must be genuine and not a mere internal transfer or sale of services to itself. For example, if a company Read more…

Facing the decline of your industry can be daunting, but it also presents opportunities for growth and reinvention. Here are some strategic steps you can take: Market Research: Conduct comprehensive research to identify market trends, emerging opportunities, and potential threats. Use this data to make informed decisions and anticipate changes. Diversification: Explore opportunities to diversify Read more…

When a company is struck off the register, it means that it is officially dissolved and ceases to exist as a legal entity. However, the striking off process does not automatically absolve the company of its previous financial obligations, including any accrued penalties or late filing fees. These fees typically arise from failing to submit Read more…

A virtual business address can be a practical and cost-effective solution for companies looking to maintain a professional image while sending email newsletters. These addresses provide businesses with a real mailing address that can be used for formal communications without the need to lease physical office space. When it comes to email newsletters, including a Read more…

Choosing the best bank account for both overdraft facility and cashflow management requires examining factors such as interest rates, fees, overdraft limits, service flexibility, and additional features that banks offer. Here are some key aspects to consider when selecting a suitable bank account: Interest Rates and Fees: Look for accounts with the lowest interest rates Read more…

The ‘No Shop’ plan on eBay can be particularly advantageous for business users by offering a streamlined online presence at a lower cost. Users benefit by focusing on cost-efficient strategies and personalized customer engagement rather than investing in an online storefront. Here are some ways business users find success with this plan: Efficient Listings Management: Read more…

Setting up and managing offshore operations involves distinct challenges, requiring specialized services to ensure efficiency, compliance, and success. Here’s a comprehensive guide on recommended services for offshore setup and management: Legal and Compliance Advisory: Navigating the legal landscape of a foreign country is complex. Engage local legal experts to help understand and comply with local Read more…

In 2025, the landscape for acquiring and scaling small U.K. businesses remains promising, albeit with certain challenges. Several factors contribute to the continued viability of this strategy. Market Accessibility: The U.K. market is diverse, with numerous small businesses across various sectors ripe for acquisition. Many of these businesses are owner-managed, often by individuals nearing retirement, Read more…

Determining how much to pay for a small upstairs workspace in Northern England can involve several factors. The rent prices generally vary based on the location, size, amenities, and the local property market conditions. For instance, a workspace in a bustling city like Manchester or Leeds may command higher rent than in smaller towns or Read more…

When making the move from residential to commercial property investments, landlords have several funding avenues to consider: Conventional Bank Loans: One of the most common routes, these loans often come with competitive interest rates but require a solid credit history and substantial documentation. Commercial Mortgage Loans: Specifically designed for purchasing commercial properties, these loans can Read more…