If you want to expand your business you need people to support you as there is no way you can do everything yourself. But it seems that business owners are reluctant to employ anyone and would rather use an associate or a consultant than commit to someone joining their business. Even if they need someone […]
Banks Should Get Back to the Basics
Getting Back to Customer Service You don’t have to be living under a rock to know that banks and other financial institutions face challenges in adapting to an ever increasing regulatory environment. As a result of this compliance focus, one can make the case that banks are taking their eye off the ball. Perhaps the […]
The responsibilities of being the Director of a Limited Company
Before you start your business you need to decide whether you will be a Sole Trader or a Limited Company. Or you may choose to be a Partnership rather than a Limited Company if there are two or more business owners. It can be confusing and many business owners opt for Limited Company status without […]
4 Tech Tools That Make Running Your Business Easier
Are you avoiding technology for your small business? Maybe you think it’s too expensive, too complicated, or will take too much time. The reality is that technology can be the path to efficiency and growth for your business. In fact, technology has become more affordable and can offer huge time savings, improving your ability to […]
What qualities are important in a good bookkeeper?
I have been providing bookkeeping services to individuals and businesses for more than 14 years now and one of the biggest surprises to me in the first few years was to be told that I was a good bookkeeper. I was surprised because shouldn’t all bookkeepers be good? Keeping accurate records and understanding the financial […]
Government Considering Auto Enrolment for 16 Year Olds
A recent article in the Telegraph indicated that the Government is considering reducing the age for auto-enrolling employees into their pension scheme to 16 from the current age 22. The DWP are currently reviewing this and will release the details towards the end of this year. Do you think it is a good thing? The […]
Are you a new business?
If you are just starting out in business you will probably have lots of questions especially when it comes to managing your finances. Many banks will want you to prepare a forecast of your income and expenditure before they will consider you for a loan or an overdraft and many need this even to open […]
Market-Based Sourcing and Beyond: Lookout for New State Tax Issues in the Corporate Tax World.
States are changing the way they calculate corporate income tax. Just when you thought you knew everything there was to know about multi-state corporate income tax apportionment, the states start switching up the rules! Nexus definition varies. For many years, corporate taxpayers could bank on a few understood conventions when figuring out their tax responsibilities […]
Ten things you may not know about VAT
There are lots of things to remember about VAT when you are VAT registered. Here are ten things about VAT which you may not know. 1. VAT records must be kept for 6 years but if you submit returns under VAT MOSS they must be kept for 10 years. 2. You must keep copies of […]
Don’t Forget Auto Enrolment is Ongoing
You may think that you have done all your need to once you have reached your Staging Date for Auto Enrolment. You have set up your pension scheme and sent out communications to your employees. You have auto enrolled your workers and deducted contributions from their pay. You have even remembered to do your Declaration […]