One of our clients asked me today if they still needed to be VAT registered. Their business has changed now they no longer have an employee to help them. So I took some time this morning to calculate whether they would be better off de-registering for VAT. There are a number of factors to take […]
Is your customer invoicing accurate?
The majority of businesses will need to provide their customers with an invoice for the goods they have bought or the services they have received. The only exception is likely to be retail businesses such as those selling online or on the High Street as their customers pay before they receive the goods. Many businesses […]
Podcast: When does real estate qualify for the 199A deduction
On January 18, 2019. the IRS released the highly anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares details on the provisions, specifically Notice 2019-07 and answers: Access the related resources from this podcast: Impact of Tax Reform on Planning Toolkit AICPA […]
5 Biggest Financial Warning Signs Your Small Business Should Be Aware Of
According to the Small Business Administration, only about 50 percent of small businesses survive for a five year period. And, just one third are able to make it to the 10-year mark. While these statistics may not seem particularly encouraging, by identifying some of the common root causes of financial distress, you can take steps […]
Team Time Out
Last week we finally had our Christmas get together. With December being short on working days and a hectic schedule for everyone both at work and at home during December we decided to do something in January instead. It was much more enjoyable to have something to look forward to in January rather than trying […]
Webcast: Navigate Education Planning under Tax Reform
2 years ago · 1 hour 9 min watch SECTION EXCLUSIVE As students and families await college admissions decisions and financial aid award letters, CPAs are in a position to help their clients navigate the financial complexities associated with the college and financial aid planning process. In this webcast, Ross Riskin, CPA/PFS, will share highlights […]
Have you agreed a net pay arrangement?
Are you an employer who agrees a net pay arrangement with their employees? This net pay arrangement means that you as an employer guarantees that an employee will receive the same amount of pay every pay day. This creates a financial risk to your business because there is no way you can know how much […]
A Day in the Life ………………….
Being a bookkeeper and a business owner means my day rarely runs to plan. A full day of bookkeeping only happens when I visit clients because there are no telephone calls, emails, visitors, staff or other priorities requiring my attention. When I am in the office for the day I start the day with good […]
Getting Caught Up on Small Business Bookkeeping: 5 Tips to Keep Personal and Business Expenses Separate
With another new year fast approaching, one of your small business goals may be to catch up on your bookkeeping. Indeed, one of the most common mistakes that small business owners make in this regard is mixing personal and business expenses also known as piercing the corporate veil. Even if you’ve been comingling your transactions […]
Errors in the Minimum Wage
With the changes to the National Living Wage and National Minimum Wage just around the corner HMRC have published the top ten ways an employer may not be paying the minimum wage even though they think they are. Here are the top ten common mistakes employers make: 1. Failure to apply the increase from 1 […]