Browsing: BUSINESS

Mixing personal and business finances is one of the most consistently costly habits in small business. It makes tax returns complicated and error-prone, makes business performance invisible, and — for limited companies — undermines the legal separation the structure is designed to provide.

VAT registration is something many growing businesses encounter unexpectedly. Revenue approaches £90,000 and suddenly the question of whether to pass a 20% charge on to customers — and how — becomes genuinely pressing.