Charging interest on Late/ unpaid invoices

AdminRunning a Business

Can I Charge? Yes. This piece of insight will allow you to learn the rules and practices on how to charge for your customers on late or unpaid invoices to ensure that you will learn better ways to deal with your difficult customers. Things to get right before charging for being late. BVS advice you to check whether you’ve got … Read More

What is Mediation?

AdminRunning a Business

Mediation is a one of the Alternative Dispute Resolution Methods that is recognized worldwide, where a third party (the mediator) is involved who will be independent from either party to the dispute. What differs Mediation from a Lawsuit is that Lawsuit will be lengthy, costly and too formal where mediation will be totally opposite of these characteristics being much quicker, … Read More

Special Purpose Vehicle (SPV)

AdminRunning a Business

What is a SPV? SPV is also called as SPE (Special purpose entity) which will be a legal entity who will operate for a limited of defined purpose. SPVs are mostly setup as Limited liability companies, how ever SPVs can also being setup as any other type of business such as public limited company (PLC), Limited Liability Company (LLP) etc. … Read More

Business Mileage

AdminRunning a Business

Who and how much can be claimed as business mileage as per the HMRC regulations? You are being a sole trader or the director of your own company will surely spend regular mileage on your business for day today activities. In calculating your tax payable can you deduct these expenses regarding the business mileage? How much you can deduct ? … Read More

Be the Perfect Landlord

AdminRunning a Business

Regulatory framework which should be complied by Landlords are keep changing constantly. This makes new Landlords as well as experienced Landlords a hazel to dealt with when they are letting or renewing the agreements with the tenancies.          For easy reference we have listed the 9 essential steps which you should ensure before you go let your property. Step … Read More