Keep a record of all transactions.
Sales turnover is the amount the business earns before deducting business expenses including receipts of any kind for goods sold or work done such as commission, tips, payments in kind, fees and insurance proceeds. Sales of fixed assets are excluded from sales turnover as are Business Start up grants which […]

VAT compliance on an International basis can be a complicated thing to deal with, since VAT on certain things might be higher or lower than others. In some countries, VAT is charged on food, while in others it is not. Do you know which category your home country falls under? Do you know how to […]