ABSTRACT
Deciding on the letter paper for the practice is in many ways a symbolic act of defining the existence of the new business. As well as giving factual information, such as listing the partners or directors or providing practical information, the letterhead should also give clues to other aspects of the firm, including the design approach of the practice and a feel for the spirit of the business. Business cards, however, should be printed and, despite their long history, are the easiest and most popular means of exchanging business details. The demands of running any business mean that an excessive amount of time is spent keeping accounts in order; recording money spent and earned, sums owed and owing and amounts invoiced and paid. Recognising that the preparation of quarterly, or even annual, Value Added Tax accounts is onerous for very small businesses, HM Revenue and Customs runs a flat-rate scheme.
