I know what you’re thinking, what he is doing, posting about Christmas gift ideas on a blog aimed at business, well there is method in my madness. Those who read my blog, are in business, they know how hard it is to run a business and even harder to make money at it, and then [...]
We all know what an accountant does, or do we? Most would reply that an accountant accounts for the money, taking expenses off what you have received and calculating your profits and any tax thereon, and not forgetting those several pages called your accounts together with your tax return. I guess that really is what [...]
So you run a small, or not so small, business here in the UK. You are busy, but money seems short and time even shorter. Have you stood back and looked ‘in on your business’, have you called your advisors in, no, why not? Time to do a ‘needs assessment’. This will get you going, [...]
Its true, that to be successful in business it can happen by accident, well not quite, but it can happen without the business owner having a clue how he/she got there. Personally, I would rather see clients have some sort of strategy that goes beyond ‘I need more sales to make it work!’. To get [...]
It struck me today that I haven’t highlights a huge change that came into effect on 1 October 2007, the changes to VAT invoicing, having said that, it didn’t exactly get that much publicity from HMRC. The main change is that from 1 October all invoices must have a unique and sequential number. Most businesses [...]
It’s not often I will post about an article on tax from an ‘accountants’ information website, but this is one I could not resist. Posted today on the Accountancy Age website is an article on a small 70 year old business that may soon be no more, all because of the interpretation, wrongly as it [...]
From 1 October 2007 HM Revenue and Customs’ Wolverhampton office has become the principal processing office for VAT registration and deregistration applications. The office details are: Wolverhampton HM Revenue & Customs Deansgate 62-70 Tettenhall Road Wolverhampton WV1 4TZ T. 0845 039 0129 For applications to retain the VAT registration number of previous owners of [...]
HMRC have updated their guidance publication for those thinking about working for themselves. The guide is a good starting point, but I would recommend that after having read it, contact a local accountant and ask for a free half hour/hour just to see what more they can do for you. The guide also has details [...]
This is not as daft a question as many an accountant may think. It is quite obvious that the only people who really understand the accounts, are in fact the accountants, and in many cases their clients are left with an odd sinking feeling, the kind you used to get when it was biology at [...]
As many of you already know the Companies act 1985 is being replaced by the new Companies Act 2006, in stages, but how many of you realise that this means company directors now more than ever before have their duties laid out, in law. What does this mean? Simply put, a company director could now [...]
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