How would your business manage if you were suddenly out of action for a period of time? Have you thought what might happen to your business, your customers, your suppliers and your staff? A friend of mine has been taken seriously ill and is unable to think about, let alone do, any of the financial tasks that are part of running her business and it made me think what would happen to my business if this had happened to me. And then I wondered how many other business owners would be prepared for this type of situation. What things would suffer in your business if you were not available to do them? …
Working with a wide variety of businesses and business owners I frequently see how different attitudes to business finance affects business development. There are business owners who are …
So many business owners think keeping their accounts or "doing the bookkeeping" is just entering data and therefore anyone can do it. But is it just data entry or is there more to it than meets the eye? Having been a bookkeeper for many years I know there are numerous business owners who think keeping their accounts is data entry - money in and money out. And for many businesses it is as simple as that. But there are also numerous business owners who know there is far more to keeping the accounts than that. …
The media has been reporting recently on HMRC inquiries into the employment status of BBC personnel. The inquiries will establish whether workers should be taxed as employees or whether they are self employed. HMRC have always been very clear that employment status is never a matter of choice but is dictated by the employment relationship. So how can you, as an employer or an employee, ensure you are not subject to an HMRC inquiry? …
If you are a business owner do you have the skills you need to process the payroll for your employees? It is not always as straightforward as you think and you will only find that out when you have an angry employee or two demanding explanations or HMRC contacting you. Is it worth the risk? …
