Finance

Tax When you become self-employed you’ll need to know what taxes to pay and when.

Bookkeeping Accurate bookkeeping can help you keep your business on track and will make it easier when the time comes to file your tax return.

Choosing an accountant Finding a good accountant could save your business a lot of time, effort and money.

Dealing with a late payment How to deal with late payers and bad debts.

Producing invoices How to produce an invoice.

VAT Registration The circumstances under which your business should be VAT registered.

Debt recovery Recovering debts through the courts.

PAYE Scheme Stands for Pay As You Earn. If you have employees, you must operate a PAYE scheme, which involves deducting income tax and National Insurance (NI) from your employees salary and paying it to HM Revenue & Customs (HMRC).

Family investors The importance of signing contracts with family members who invest in your business.

Effective cashflow management The steps you need to take to ensure your cashflow remains healthy.