What is VAT?

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The basics of VAT Value Added Tax (VAT) is a widely used term in the business world, but a few people understand how it works or where it is applicable. In simple terms, VAT is a consumption tax levied on the sales of products or services. It is termed as an indirect tax since businesses […]

How long does it take to start up your business?

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New entrepreneurs always ask me how long it will take them to start up their businesses. I usually ask them as many questions as I can in order to give a more accurate answer. During our first consultation, I often realise that entrepreneurs have not done enough research or initial study in the market to understand where their businesses will be heading to. […]

9 great ways to raise money to start up your own business

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Imagine you’ve had a business idea recently. You’ve prepared your business plan and you know how much money you will need to invest in your business to launch it. But you’ve realised that you don’t have enough money to start. You think about how other entrepreneurs have overcome the same financial challenge when they started […]

Should you start-up your business from home?

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We know of many successful entrepreneurs who started their business from home. Steve Jobs from Apple is perhaps the most famous example. I have given advice to many people in the UK looking to start their business from home.The first thing you need to be aware of is that you can’t start just any business […]

Does your business suffer from Seasonality?

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Does your business suffer from an increase or decrease in sales during particular days, weeks or months? If it does, you are not alone. Most of the businesses I have given consultancy or get involved with in a way or another suffer from seasonality.  Factors such as the weather or holiday periods can affect your business performance.Seasonality is a […]

HMRC Revealed: Most bizarre excuses for underpaying staff the National Minimum Wage

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On 2nd January 2017, HMRC revealed ten of the most bizarre excuses used by unscrupulous bosses found to have underpaid workers the National Minimum Wage. Excuses for not paying staff the minimum wage include only wanting to pay staff when there are customers to serve and believing it was acceptable to underpay workers until they […]

My dog ate my tax return…and all of the reminders

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I have seen many unusual excuses from Self Assessment Vertice Services clients.Each year HMRC receives a number of unusual excuses from Self Assessment customers who didn’t complete their tax return on time.Some of them are very funny, please see below: HMRC self assessment excuses: “My tax return was on my yacht…which caught fire” “A wasp […]

How can you reach your business goals ?

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Being happy and living a fulfilling life is a personal desire shared by each of us. Even though most of us don’t write down our personal and business goals in any form of proper document, we all have a list of personal wishes and desires.Our actions today will influence what we will achieve tomorrow. I […]

A business without a recipe is a recipe for disaster

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I am sure that, as your business grows, the number of employees will also increase and quite often you will have some sleepless nights thinking “what the hell I am doing?”. You go to bed at 11:00pm and at exactly 2:00am you are still thinking how you will be able to manage and make some […]