With the increasing volumes of companies registered at Companies House, it makes sense that any data which is held on the record can be copied from year to year with changes rather than recreating the information every year from scratch and that being updated manually or by Optical Character Recognition at Companies House. The process is fairly straightforward for anyone used to buying goods online. read more
We have been complimented on the updates posted on Twitter live during the Budget and hope to continue this by summarising the main points of interest to small business owners and individuals in the street.
The Chancellor George Osborne started by painting the picture of the poor state of the economy and among various political comments stated that due a cautious approach fiscal goals would be met one year earlier than expected in 2014. The inflation target will remain at 2% which has already been exceeded, this will peak at 2.7% later in the year and then reduce. In terms of the approach to the deficit a lower spending rather than higher tax route is being taken, read more
) //3 weeks lare already! #Clients are always telling me that they do not understand their accounts. Clearly they know their business, and how to price to make money so it is only a small step to actually understanding the end of year accounts:
With the passing of the old tax year we are presented with returns to file and tax to pay. Some memorable dates are listed below, with a few more interesting ones too:
Whether you have just started up a business or have been going a number of years there are a few factors which will influence what year end you choose:
I have just signed up a client who has a limited company which he set up over a year ago although he did not start trading until the current tax tax. From previous posts you will be aware that one of my recommendations for the biggest tax saving opportunities read more
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
My finance presentation to Mumpreneurs, in association with Buss Murton solicitors, highlighted the interest there is in the possibility of going limited. While many small businesses have started off as sole traders they have evolved and grown to the extent that they should be considering whether this is the best structure for them. I have recently been approached by a prospective client turning over £500k+ read more