In the ever-evolving world of e-commerce, businesses in the UK must have a robust accounting system in place to navigate the complexities of online transactions. With the increasing popularity of online shopping, efficient e-commerce accounting is essential for managing finances, making informed decisions, and complying with UK regulations. 1.      Selecting

HMRC introduced the VAT domestic reverse charge procedure that shifts VAT liability from the supplier to the customer. These rules affect companies that operate within the Construction Industry Scheme (CIS) (with a few exceptions that we’ll detail later on) and have an impact on VAT compliance, as well as

Every company must display its company name on the outside of every office or place in which its business is carried on - even if it is a director's home. The name must be clearly displayed and must be both conspicuous and legible. Although the use of brass name plates

Sole traders and partnerships Sole traders and partnerships that are not registered companies are required to display and disclose detailed information about their businesses when they use a business name that is not their surname (with or without forenames or initials), or one that does not use the names of

On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. Below we set out some of the main points. COST OF LIVING