Your accountant will often produce a set of accounts that include a balance sheet. But what exactly is this? It is a common misconception that the profit is the only factor you need to worry about. Actually the balance sheet is very important. It provides a summarised snapshot of the business assets and liabilities at…
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The taxman joined twitter just before xmas and I’d encourage fellow tweeters, whether taxpayers or accountants, to follow twitter.com/hmrcgovuk (and by all means follow @TheTaxBuzz too!) HMRC’s twitter policy statement says that if you follow this account, you can expect 1-2 tweets
As you will no doubt be aware there will be an increase to the rate of VAT to 20% commencing 4 January next year. Is your business geared up for this change? Your business needs to start making its customers aware of the VAT rate change as soon as possible. This will avoid misunderstandings and customer confusion. It is important to…
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After telling clients and contacts to go and join the Federation of Small Businesses (FSB), I have finally got around to joining this myself. The Federation started in 1974 as a lobbying group that protects the interests of small business owners as well as the self-employed. It now has over 213,000 members
So, you have decided to offer credit. What next? It is stating the obvious but it is important to know your customer to do an adequate risk assessment, ensure your invoices are correctly issued and ultimately know who to take legal action against if it all goes horribly wrong! Much of the information required can be obtained by using a…
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Here is my video presentation of a 4sight that I did at 4Networking Taunton. It highlights some of the issues that can arise in a small business and gives some tactics that companies can use to
Have you heard of the Wiltshire Business Club? Back in 2009 when PAH Accounting was first set up I needed a way to reach out to new contacts. I was already a keen networker but found it limited to breakfast meetings. Therefore I tried to join a certain evening networking group; however, I couldn’t get…
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Many people rely on you if you are self-employed, a fact seldom appreciated – an increasing number of the UK’s working population are self-employed and without doubt are their business’ most vital asset. However, they do not enjoy the employee benefits of corporate medical insurance or sick pay so can less afford to be ill.…
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