In the present financial crisis there will be very few businesses who will not be finding things difficult. The most important area that business owners and managers should be concentrating on is cash flow and the following are a few elements to look at where managing cash flow is concerned: Credit Control – no sales [...]
As from 1st of October 2007 there were changes made to what information you need to include on a VAT invoice. If you don’t comply then HM Revenue and Customs can hit you with pretty massive fines. Although fines are unlikely to be levied for non compliance in the first year, business owners cannot be [...]
Every business will – unless it continually makes a loss – have to address the issue of taxation. Like it or not the government wants its pound of flesh, but there is nothing to stop you structuring your business to get the best tax advantage possible. Here you will find some points to consider when [...]
The Accounting Standards Board is UK standard-setting organisation that makes, amends and withdraws accounting standards. It is a subsidiary of the Financial Reporting Council. Its aims are to improve standards of financial accounting and reporting for the benefit of users, preparers and auditors of financial information. http://www.asb.org.uk
Accountants come in all shapes and sizes, both good and bad. To many people they are a necessary evil but a good accountant can add value to your business and help you sleep at night. But how do you find the right one for you? The first step is to accept that you need an [...]
