HMRC has revealed how it plans to introduce digital tax accounts over the course of the 2015/16 tax year. First announced in Budget 2015, news that HMRC wants digital accounts to replace traditional annual tax accounts created much debate. Now, further details of what this transitional process will look have been provided by HMRC: July…
Read More….
Here at PAH Accounting we have always been a innovative and forward thinking – you may recall an earlier article – Time to ditch the filing cabinet, back in 2010! The average business loses thousands of pounds a year in unclaimed expenses, such as lost receipts and misplaced invoices, but now there’s a chance for…
Read More….
Number of home businesses hits 2.5m More than half of the UK’s small businesses now operate from home, according to research from Direct Line for Business (DL4B). The 2.5 million home business owners account for 52 per cent of all small businesses and eight per cent of the total UK workforce. DL4B’s analysis of…
Read More….
The bookkeeping awards 2013 are now up for nomination. As you may recall I have been a winner and runner up in the ‘Most innovative accountant‘ category over the last couple of years. I would love to be somewhere in the running in that category again; however, there is also an additional new category –…
Read More….
Small businesses are often the casualties during an economic downturn. But there are measures you can take to protect your business during difficult times. It is important to continually monitor your business performance and implement such measures while trading is strong, before you get into difficulty. Cash flow Small and medium sized businesses are most…
Read More….
It has long been the common conception of accountants that they are merely number crunchers and form fillers. But is this really what they do? It could easily be argued that the external accountant of a business is the most valuable adviser to that business. The numbers in the Financial Statements can tell a lot about a business and…
Read More….
HM Revenue and Customs (HMRC) are on the lookout in 2011 for small business tax under payments and tax evasion with the HMRC’s introduction of making tax compliance spot checks on small United Kingdom businesses. These compliance spot checks are one of the last things that small UK businesses need as they try to…
Read More….
It has been announced by Companies House that virtually all of their services are to be online by March 2013. Indeed their vision is to become a fully electronic registry. Much of the Companies House forms have been available to file using the WebFiling service for quite a while now. You should have been given an
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…
Read More….