Good bookkeeping makes your paperwork comprehensive and will make it easier for your accountants to do VAT and tax returns. Bookkeeping records gives you an idea as to exactly what is going on in the business. Whether you use a manual or computer based system for bookkeeping the same principles apply. A traditional paper-based system […]
The government through its autumn statement announced that they are going to inject £1bn of funding for a new Business Bank aimed at boosting lending to small businesses. The new bank will try to transform the way that government delivers support to SMEs and will stimulate the provision of long-term capital, including by leveraging in […]
From April 2013 limited companies have the chance to offer owner-employee contracts. This is aimed at trading employee rights for tax breaks. So what are the implications for your business?
Financial forecasting is extremely important for any business. But the funny thing is sometimes your forecast may go wrong because the forecast will be based on the current information available. You draw a conclusion based on your financial forecast. But if the situations change, then the forecast would be wrong which proves that your decisions […]
Every business needs a recordkeeping system of their financial transactions. Whatever you choose must be sustainable, occur regularly, and produce verifiable information that you can use to manage business operations as well as meet secondary information requirements for tax and accounts preparation.