Improve your cash flow
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 …
Blog Archive for October 2016
Bookkeeping is just data entry isn't it?
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. …
Training is so valuable
Why is training so valuable? We learn all the time while we go about our daily work and for us in particular we are constantly working with clients who have different types of business and different needs. Our responsibility to our clients is to know, as far as we can, the HMRC rules which could affect each of our clients. From knowing what expenses can be claimed to whether employees are receiving a benefit from the expenses they claim. We need to understand VAT rules not only in relation to the UK but also overseas sales and purchases and the VAT implications of those. …
HMRC inquiry into employment status
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? …
