04.03.2010
Business Advice, Tax Advice
As new research from business software and services provider Sage shows that
accountants are now seen as the most trusted source of business advice
for UK firms, we consider why you should have an accountant and how to choose one.
A qualified accountant is an experienced professional read more
21.02.2010
Business Advice
It is a common tale from business that they have tried all courses of action to recover debts, the credit controller is pulling their hair out and going through the courts is a waste of time and money. I have recently met up with an agency that is dispelling this myth. Once you have obtained Judgement, and if your debt is over £600 they will collect it for you, and in 2008 they collected 96p in every £1 of enforceable debts. The steps are as follows, and for the latter part of the article credit goes to guest blogger The Sheriffs Office:
- Small claims can be made on line using HM Court Service website, moneyclaim.gov.uk. There is useful guidance on the HMCS website.
- There is an excellent flowchart on p11 of the HMCS Guide for debt recovery for Small Businesses
- Once Judgement has been registered by the court the customer is obliged to pay you, however this is where so many businesses stall and where The Sheriffs Office can come in useful read more
12.02.2010
Tax Advice
This post comes as a result of looking at a couple of potential clients and checking whether they have considered a number of areas which will impact on their 2009/10 tax, particularly in respect of small limited companies:
- Is the shareholding in the company arranged in the most tax efficient way? read more
04.02.2010
Tax Advice
The Flat Rate Scheme was introduced to simplify accounting for VAT for small businesses turning over less than £150k net of VAT. Rather than calculating the VAT on individual sales and purchases you just work out the figure due to HMRC based on a percentage of gross (VAT inclusive) sales receipts. read more
