How Old is your Customer Debt?
A sale is not a sale until you have been paid. So why do so many businesses leave debt outstanding for weeks and months? …
Is health insurance an allowable business expense?
If you provide health insurance the premium you pay is a tax deductible expense, however all the employees and directors who receive this benefit will have to pay tax on the value of the benefit. …
Who spends 8 hours a week doing their accounts?
I heard an advert recently which said you can save 8 hours a week by using their software. If you are a small business I am sure you will not spend 24+ hours a month doing your accounts. …
Becoming VAT Registered
Anyone in business, whether sole trader, partner or limited company, must register for VAT when their taxable turnover reaches …
The Minimum Wage 2024-25, Allowable Deductions and Pay for Extra Hours
As an employer you are responsible for ensuring your employees are paid at least the National Minimum Wage. The rates of pay have increased from 6 April 2024 and are shown below. …
