‘Finance’ Archive

Why You Need An Accountant February 19, 2010 No Comments

By law, you don’t need an Accountant, but in this post, I am going to tell you why you need an Accountant to support your business.
When people think of Accountants, the normal image that comes into their heads is someone sat at a desk behind a pile of paper, completing Tax Returns. However, while that [...]

14 Questions you should ask your Accountant Part 2 February 15, 2010 No Comments

Hopefully you all enjoyed Part 1, but for those who haven’t read it yet, Part 1 of 14 Questions you should ask your Accountant
So; let’s carry on!
Question 8 →  Do you have specialist knowledge of areas which are important to me, or do you have in-house specialists?

14 Questions you Should ask Your Accountant Part 1 February 12, 2010 5 Comments

Trying to compare anything can be difficult, but when it comes to your personal finances, you need to make sure that you have made the right choice.
An Accountant can save you a lot of time and money, which you may needlessly spend on the Taxman. But, more than that, a good Accountant can oblige you, [...]

Some more Tax breaks February 2, 2010 No Comments

If your sales, excluding VAT, are less than £150,000 per annum, have you considered switching to the flat rate VAT accounting scheme? Tip: Not only could this system be simpler to administer, but it could also result in you paying less VAT. It could also cost you more, so professional advice is essential.

2.Do [...]

What will the Effects of the National Insurance rise mean for you? January 8, 2010 1 Comment

On Wednesday 9th December 2009, Alistair Darling delivered his Pre-Budget report. In it, he mentioned a 0.5% rise in National Insurance.
Currently, National Insurance is currently charged at 11% for those earning between £110 and £844 a week, and anyone earning over £844 a week, has to pay an additional 1% National Insurance on the earnings [...]

5 Top Tips to beating the Recession December 1, 2009 2 Comments

We are all still feeling the recession, and that will likely continue for some time. So, keep reading to find out 5 top tips to beating the recession.

Some more Tax breaks November 30, 2009 No Comments

If your sales, excluding VAT, are less than £150,000 per annum, have you considered switching to the flat rate VAT accounting scheme? Tip: Not only could this system be simpler to administer, but it could also result in you paying [...]

Increasing your Cashflow November 26, 2009 No Comments

We all know the importance of maintaining a positive cashflow from month to month if we want to avoid a liquidity crisis, and all the misery that entails.

HMRC announces ‘light touch’ approach to VAT rate change November 25, 2009 No Comments

HMRC have said that it will be applying a ‘light touch’ approach if businesses make mistakes on their returns following the upcoming change in the standard rate of VAT.

VAT Do's and Dont's November 13, 2009 No Comments

If you need to check that you are being given a valid VAT number, you can call HMRC’s national advice service on 0845 010 9000 from 8am to 8pm Monday to Friday.
DO obtain and keep VAT invoices – these are your authority to claim back VAT on supplies made to you
DO charge VAT on [...]