Tag Archives: Accounting for the Money
What do the Changes in VAT Mean for You?
Amid much hype and to no-one’s surprise, yesterday Alistair Darling cut the standard rate of VAT to 15% with effect from the 1 December 2008. The cut is temporary and so on 1st January 2010 the standard rate will return to 17.5%. The 15% rate will apply to the supply of goods and services currently [...]
Full StoryCall for Cancellation of Small Company Tax Rise is Pointless
As of today’s date 24 MPs have signed an Early Day Motion which on the face of it is supportive of small businesses but in actual fact is totally pointless. In fact it could be evidence, if such is needed, that MPs really have no idea of the realities of business life. The motion reads: [...]
Full StoryHow To Survive The Credit Crunch
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 [...]
Full StoryVAT Invoicing Requirements – Fines if You Don’t Comply
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 [...]
Full StoryStarting In Business: Part 2 – Taxation of Income
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 [...]
Full StoryAccounting Standards Board (ASB)
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
Full StoryFinding The Right Accountant
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 [...]
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