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Archive for April, 2015

Why do I need management accounts?

Business owners, entrepreneurs are busy people. However being busy is not always an indicator that your business is doing well. You need management accounts to tell you if your prices are where they need to be in comparison to the expenses that you are incurring. You need management accounts to show profitable areas and to[...] Read more »

I have paid my taxes! Why have I got a letter from HMRC saying that it is investigating me?

You may believe that a tax investigation only occurs when you have done something wrong and not declared all your income on your tax returns – sadly this is not true. HMRC can investigate you even if your tax return and business records are accurate and the tax man finds no errors and the fees[...] Read more »

What are the advantages and disadvantages of incorporation?

As your business grows, you might start to consider the benefits of becoming an incorporated, limited company. So what are the advantages and disadvantages of incorporation? Many businesses become limited companies for tax reasons. A sole trader pays income tax and national insurance on any profits. A limited company though pays corporation tax, currently at[...] Read more »

Pensions auto-enrolment update: The countdown for smaller firms with fewer than 50 staff begins.

Employers with less than 50 staff will have to sign up to auto-enrolment between 1 June and April 2017. The Pensions Regulator will be contacting all small and micro businesses over the coming months so that all employers will know their staging date by the summer and the duties that they need to undertake to[...] Read more »


 

 

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