A fuel card is a convenient way to purchase fuel and other related services. It’s commonly used by businesses and fleet operators to simplify managing fuel expenses. Fuel cards offer detailed reporting, cost-saving opportunities, and simplify billing processes. In this guide, we will discuss everything you need to know about fuel cards and the value they bring to both businesses and individuals.

Experienced florist and business owner Karen Barnes offers her advice on managing your florist finances.

Whether you’re just starting out in business or are used to filing your tax return every year, our tax experts from FSB Tax Investigation Protection explain what business expenses you can claim as a sole trader or limited company. What is a business expense? From stock and staffing costs to travel and training courses, there are lots of everyday outgoings when you’re running your own business. Understanding the allowable expenses you can claim can help to reduce your tax bil

Make your tax return less stressful with top tips for filing your self assessment from our specialists at FSB Tax Investigation Protection. Running your own business means you get to do what you’re passionate about every day, but for most people, the thought of finances and filling out tax paperwork fills them with dread. If you’re new to self-employment or want to make the process less daunting, FSB Tax Investigation Protection are here to help. 1. Don’t miss the deadline

Ready to register your small business for VAT in the UK? Our guide covers when you need to register, VAT thresholds, and the process to follow to stay compliant. Not sure if you need to register for VAT, or unsure how to go about the process? Don’t worry - our VAT experts from FSB Tax Investigation Protection answer your commonly asked questions about VAT registration for small businesses. As your business grows, you may reach the point where you need to register for VAT wit

Steph Gemson of TaxGem outlines how to calculate your business margins to make sure that you're being paid enough for products and services. In today’s uncertain economic landscape, many UK businesses face significant challenges in maintaining healthy profit margins. Rising raw material costs, increased energy prices, and higher living expenses have forced many small business owners to rethink their pricing strategies. According to research from the Federation of Small Busine

Sadly, late payments can be a big issue for small businesses, but there are steps you can take to deal with them and mitigate the effects. When a customer doesn’t pay, they’re hanging on to money that is rightfully yours. Chasing debt can be stressful for a small business owner, and unfortunately with a third of payments to small businesses being late, it’s an all-too-common occurrence. If you’re unsure where to begin, we’re here to guide you through the questions you might h

Find out how you can get the best deal on your business insurance without compromising on protection for your small business, with five top tips for reducing your insurance premiums. When looking at your cash flow and expenses, business insurance premiums can be costly, especially after you add up all the other costs associated with running a small business. There are many types of business insurance cover you can buy to improve your business resilience. Some you are legally

If, like thousands of others, you’ve just had a baby born in the most popular birth months of September and October or this month,...

The Employment Allowance lets eligible employers reduce their National Insurance liability by up to £5,000 for the 2024/25 tax year. It’s designed to support smaller employers with their employment costs. In April 2022, the allowance increased from £4,000 to £5,000 and from April 2025 the allowance will increase to £10,500 a year. Employers’ Class 1 National Insurance contributions, rates, and thresholds for the tax year can be found on the government website. Am I eligible t

A guide to bank fees for small businesses Keeping on top of your outgoings is essential for any business, but with so many fees...

Running a floral business in the UK entails a variety of jobs, ranging from sourcing fresh flowers to crafting exquisite arrangements. Alongside the artistic aspects, florists are also tasked with practical responsibilities such as financial oversight and tax preparation. An important yet frequently neglected opportunity for tax relief lies in the recording and offsetting of fresh flower wastage. Accurate documentation of flower wastage can lead to an improved inventory manag

We continue our series of videos, The Business of Floristry, bringing insight in to the running of a florist business from our business guru, Karen Barnes. This video concentrates on key things you need to understand and consider around costs and costing in your floristry business. Enjoy the rest of the series: The Business of Floristry

The new financial year is often an opportunity to get organised for the year ahead. For self-employed parents juggling the demands of running a business with caring for their family, it could also be a good time to review the family planner and take a fresh look at the household budget to ensure they’re getting all the support they’re entitled to. We asked the experts at HM Revenue and Customs (HMRC) to outline the financial help available for our readers so they can access

Learn why you may need a business bank account and how to choose the best one for your business.