It has come to note that there’s a backlog of 200,000 tax cases waiting to go to tribunal. This would roughly take 38 years to clear, which is something the media frequently misses while engrossed in ‘tax dodge’ headlines, Bearing in mind the likely delays and costs, it is fair to think by anyone that HMRC […]
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.
Though is seems like a laborious process, bookkeeping has some major benefits for any business. Generally speaking, bookkeeping has two basic goals: To keep track of your income and expenses; This enables you to make significant decisions to make profits To collect the necessary financial information about your business to file your various tax returns. […]