by SEO Team | Oct 27, 2008 | Budgets & Other
Q. My sales have fallen off drastically in the last few months and my customers are getting much more price sensitive. Can I deregister for VAT and so effectively drop my prices? A. If your total sales for the last 12 months have been less than £65,000, and you expect...
by SEO Team | Sep 27, 2008 | Budgets & Other
Q. I run a restaurant and employ a lot of part time staff. I’ve heard I’ve got to exclude their tips from their wages when calculating whether I am paying the National Minimum Wage (NMW). Is this true? A. No immediate action is required on this. Yes, the...
by SEO Team | Aug 27, 2008 | Budgets & Other
Q. My Uncle has recently died and my elderly father inherited the entire estate of about £400,000 under the intestacy laws, as there was no Will. Can anything be done to divert the gift from my father to avoid this money forming part of his estate and attracting...
by SEO Team | Nov 27, 2007 | Budgets & Other
Q. I am about to sell a trailer that has been used by my VAT registered business for a few years. Do I have to add VAT to the price? A. As your business is VAT registered you must add VAT to anything you sell, whether it’s your regular services or assets that...
by SEO Team | Oct 26, 2007 | Budgets & Other
Q. I’m selling part of my business, and the buyer has asked for the VAT records relating to purchases and sales made by that section. It would be difficult to separate out those records, so do I have to hand them over? A. If the assets you are selling can be...
