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Archives for November 2016

Changes to the Flat Rate VAT Scheme

November 28, 2016 by cbn Leave a Comment

Changes to the Flat Rate VAT Scheme

The Chancellor’s Autumn Statement announced a change to the Flat Rate VAT Scheme which many small businesses use to simplify their VAT record keeping.   From April 2017 businesses who may have found it financially advantageous to use this scheme may find it will no longer be so.  The HMRC website has not yet provided much […]

Filed Under: Bookkeeping

What would suffer in your business if you were out of action?

November 21, 2016 by cbn Leave a Comment

What would suffer in your business if you were out of action?

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 […]

Filed Under: Bookkeeping

How do you manage to collect unpaid debts?

November 14, 2016 by cbn Leave a Comment

How do you manage to collect unpaid debts?

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 if your customers buy […]

Filed Under: Bookkeeping

When is a reasonable excuse not a reasonable excuse?

November 7, 2016 by cbn Leave a Comment

When is a reasonable excuse not a reasonable excuse?

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 […]

Filed Under: Bookkeeping

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