Being in business is about selling a service or a product in order to make a profit. On paper it can look as though you are making a profit however your bank account could tell a very different story. When sales are invoiced they are recorded in your accounts as income but …
The Pensions Regulator has released the latest quarterly bulletin covering compliance and non-compliance with auto enrolment. An increasing number of small and micro employers are reaching their Staging Date and many are leaving it very late to set up a workplace pension. During the period July to September 2016 The Pensions Regulator issued £3,728 Fixed Penalty Notices to employers failing to meet their automatic auto enrolment duties. A number of employers contested their fines …
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. …
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. …
