What is the Foster Care Allowance?

All Foster Carers are classed as Self Employed and can choose whether to be taxed using one of two methods – the Simplified or Profit methods. Simplified Method This is the most common method. Your ‘qualifying amount’ for a tax year consists of two parts Your Annual Fixed Amount per household of £10,000 Plus your Weekly/Part…

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20 Ways to Improve Your Cash Flow

Cash is vital to you and your business, lack of cash kills businesses. So how can you improve cash flow: Prepare a detailed cash flow forecast, schedule your direct debits and standing orders, knowing how much cash you need and when will help you focus on where the cash will come from Invoice your clients…

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