Much work still must be done before the industrial and municipal Internet of Things (IoT) becomes widely adopted outside of the circle of innovators. One field, privacy, well understood by the public and private sector in the context of the cloud, PCs and mobile, is in the early stage of adaptation for the IoT. The […]
Archives for August 2017
What are the implications of paying for a mobile phone for your employee?
Are you aware of the implications of providing a mobile phone to your employee or reimbursing them for their mobile phone costs? It could cost you, and them, more than you think. For instance: If your employee arranges the phone and you pay the supplier the cost must be put through the payroll and Class […]
There is more to bookkeeping
Bookkeeping is defined as “the recording of all financial transactions”. Sounds simple but if that was the case why is bookkeeping a career with qualifications ranging from Level 2 to Level 4? The financial transactions of a sole trader’s business to those of a huge organisation vary enormously but whatever level of transactions there […]
Do you understand Self-Assement Tax?
As a sole trader or self-employed person you won’t have to pay tax on your earnings until 31 January the year after your first accounting period ends. Finding out how much tax you will have to pay when you first tax return is submitted can come as a bit of a shock especially if you […]
Seven Steps to Your First Employee
If you employ someone in your business or in your home as a carer and they are not self-employed or paid through an agency you have certain responsibilities. Here are seven of the steps you need to take to meet those responsibilities: 1. Check if the employee is allowed to work in the UK. 2. […]