What is Electronic Invoicing? Electronic invoicing is the transmission and storage of invoices without the delivery of paper documents. Why use this method? This can offer many advantages over traditional paper invoices. The rapid electronic transmission of documents in a secure environment may provide for: An improvement to the traceability of orders Decrease in paper…
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Value Added Tax (VAT) is a tax levied on the sale of certain goods and services. There are different rates of VAT which apply. Suppliers are either exempt, zero-rated or chargeable. Currently chargeables supplies are at 5% or 17.5%. Do I have to? Registration for VAT may be compulsory, depending on the level of…
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Budget 2010 – reaction and analysis of affects on small business
It seems like only a few weeks ago, ………………………..well it was!!! Due to the election we will be seeing the first budget from the new Tory government. The date has been set as 22nd June. Join us here for some live Blogging and tweeting. I am sure there will be a few interesting changes afoot!
What an exciting week last week with a hung parliament causing an almighty stir for the nation! We now know who the new government is; however, we are still not fully aware of how it will function. The Liberal Democrats and Conservatives are now working together to govern the country. But, what will this mean…
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An exciting day as ever when the Chancellor, Alistair Darling announces the budget. Well, at least that’s what we expected. It was effectively a little bit dull with nothing significant happening (unless you drink Cider!) This has been commentated as being an election based budget to ensure Labour remain in power. We will see! As…
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Salary versus Dividend is often a topic that comes up when creating a Limited Company. I have tried to detail below a simplistic view of the order in which an owner managed business can extract funds from a company. For an ideas on the potential tax savings of incorporation you can use our Limited Company…
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So you’ve decided to start your own business! You’ve taken the plunge and thought ‘I know what I want to do’. Thats the easy and first step. Detailed below is a review of a few considerations and tips that you should think about when setting up your business. Consider your business structure You will need…
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This week we have a Guest Blog provided by Nick Beaumont-Jones of Auditel – Experts in finding ways to improve business profit Keep staff on board. Cost cutting measures are often unpopular, but when staff understand that their jobs may depend on them, they’ll play along Improve business forecasting. When you have a clearer picture…
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