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- PAYE new employees pay, P45, tax national insurance number missing
PAYE set up when engaging new employees, checking the employee tax P45 form, and when to get an application for a missing national insurance number or issue a national insurance temporary number
Date of Article: 21Oct2008 Category: Finance & Investment View(112) EasyPublish(90)
- Sole Traders Starting Your Own New Start Up Business Set Up Notes
A new start up business as a new sole trader is the most common business set up, using sole traders knowledge of how to start up business is useful to building a successful business. Every budding entrepreneur should be aware of the need to adequately prepare for the business venture. Administration and accounting is usually straightforward, you are your own boss and all the profits belong to the sole trader. Date of Article: 10Oct2008 Category: Business - General View(184) EasyPublish(73)
- Tax and Easy Accounting Starting Your Own New Sole Trader Business
Information for sole traders starting your own new sole trader business set up including how to start up business, basic accounts and easy accounting Date of Article: 10Oct2008 Category: Business - General View(210) EasyPublish(86)
- Private Limited Company Advantages and Sole Trader Basic Accounts
When considering the advantages of a private limited company registration against retaining self employed status the decision taken by a sole trader is often entirely focused upon the tax advantages. There are other private limited company advantages and also disadvantages particularly in regard to limited company accounts and administration compared to producing a simple set of sole trader basic accounts. Date of Article: 29Sep2008 Category: Business - General View(950) EasyPublish(156)
- UK tax codes explained
UK tax codes are determined by HMRC, notified to employees and used by employers to calculate tax to be deducted from employee income. Inland Revenue tax codes explained as being made up of numbers or letters and usually both. When multiplied by 10 the number indicates the amount of tax free personal allowance the person is entitled to and the letter indicates the conditions which might be applicable to the UK tax code. Date of Article: 25Sep2008 Category: Finance & Investment View(1206) EasyPublish(294)
- Sole trader basic accounts income and expenditure basic tax account
A sole trader in the UK can operate a very basic accounting system. Provided supporting evidence is retained to show the basic accounts are realistic and the income and expenditure statement accurate for basic tax purposes sophisticated accountancy, debits and credits are not required. Basic accounts for sole traders do not require the production of a balance sheet. Date of Article: 22Sep2008 Category: Finance & Investment View(291) EasyPublish(196)
- How much is tax on income, tax percentage rates and income returns
The answer to how much is tax on income and the income tax percentage paid is dependent upon the status of the individual being employed, self employed or incorporated as a limited company. Employees pay income tax and national insurance under the paye system while self employed individuals submit self employed income returns and although they receive the same UK allowances they pay different national insurance. Date of Article: 21Sep2008 Category: Finance & Investment View(322) EasyPublish(290)
- Tax Questions For Inland Revenue P46 Forms When P45 Form Absent
A new employee without a P45 should be asked to complete a P46 form which the employer submits to HMRC. Inland Revenue P46 forms can be downloaded from the HMRC website and also submitted online. Completing the P46 solves a number of tax questions a new employer may have regarding the new employee status and is essential to ensure the PAYE records start off on a correct basis Date of Article: 08Sep2008 Category: Finance & Investment View(230) EasyPublish(505)
- Top P45 Form Tax Questions and New Employee P45 Forms In UK
Employers in the UK issue an employee that leaves with a P45 tax form stating details of that employment including the cumulative earnings and income tax paid to date. Not everything always go to plan resulting in a number of tax questions regarding the P45 form especially when a new employer may not have received the P45 form. Date of Article: 07Sep2008 Category: Finance & Investment View(272) EasyPublish(219)
- Vat Registered Companies Can Claim Vat Three Years Before Vat Registration
When a business completes the vat registration there are rules which enable vat registered companies to claim vat paid on goods for up to 3 years and on some services for up to 6 months incurred prior to registration. Date of Article: 03Sep2008 Category: Finance & Investment View(275) EasyPublish(138)
- Tax Accounting Software and Company Corporation Tax Return
Tax accounting software for UK companies involves business accounting software to produce the accounts combined with tax software to produce the CT600 corporation tax return. Date of Article: 31Aug2008 Category: Finance & Investment View(201) EasyPublish(66)
- Using Tax Accounting Software To Produce Self employed Tax Returns
Tax accounting software for self employed accounts involves accounting software to produce the accounts combined with tax software to produce the self employed tax returns and tax liability. Date of Article: 30Aug2008 Category: Finance & Investment View(153) EasyPublish(69)
- Name A Company Using The Company Name Search At The Company Name Register
Choosing a name for company during formation is not difficult but there are rules which have to be adhered to regarding the choice of company name. A company name search of the company name register is important. Date of Article: 24Aug2008 Category: Business - General View(86) EasyPublish(81)
- Advertising Home Bookkeeping Services In The UK
Internet and local media advertising are useful sources to start up and promote home bookkeeping services. By setting a financial budget for each sales channel the bookkeeper can manage the results to build the bookkeeping services. Date of Article: 18Aug2008 Category: Finance & Investment View(199) EasyPublish(152)
- Using Networking To Market Bookkeeping Services In The UK
Networking by personal contact with prospective clients is undoubtedly the best way to start up and promote home bookkeeping services. There are a number of ways in which networking can be achieved by bookkeepers. In addition the range of bookkeeping services offered, qualifications and experience have an impact upon the success of each strategy. Date of Article: 17Aug2008 Category: Finance & Investment View(202) EasyPublish(66)
- Accounting for dividend tax credit and income tax on dividends
Calculating the dividend tax credit and understanding the position with regard to income tax on dividends. Date of Article: 12Aug2008 Category: Finance & Investment View(181) EasyPublish(377)
- How to declare a dividend and produce the dividend voucher
Procedures in declaring dividends are contained within the articles of association the formalities of which need to be observed in recording the transaction and preparing the dividend voucher. Date of Article: 11Aug2008 Category: Finance & Investment View(310) EasyPublish(458)
- A Revenue Budget Is An Essential Management Information Tool
The revenue budget is an essential business management accounting tool monitoring actual financial performance against the approved financial targets. Fixing a budget produces few tangible improvements in financial performance unless it is structured to reflect the financial performance of individual activity areas and management responsibility within the business. Date of Article: 30Jul2008 Category: Business - General View(127) EasyPublish(75)
- A Balance Sheet Is A Financial Statement Of Assets And Liabilities
The balance sheet is a financial statement of the assets and liabilities of a business or organisation at a specific date. The main balances reported being separated between fixed and current assets, current and long term liabilities to provide a snapshot of the financial standing of the business. Date of Article: 28Jul2008 Category: Finance & Investment View(208) EasyPublish(104)
- Choosing Outsourcing Payroll Compared With Payroll Software
Every business that employs people is legally bound to run a payroll system. The three alternatives to satisfy the requirements are outsourcing payroll, using a payroll software package or calculating the payroll manually. The choice for business depends upon knowledge of the payroll system and the time and potential costs involved. Date of Article: 26Jul2008 Category: Finance & Investment View(142) EasyPublish(72)
- Accounting And Audit Exemptions For Small Companies In The UK
Small and medium sized companies in the UK can take advantage of supplying abbreviated year end accounts to Companies House which have not been audited by independent accountants. This guide sets out the conditions under which abbreviated accounts can be submitted. Date of Article: 23Jul2008 Category: Finance & Investment View(208) EasyPublish(206)
- Beat the Credit Squeeze With Flexible Business Finance
Five proactive steps a business can take to beat the credit squeeze including business finance, planning and taking a positive approach to meeting and solving the problems that might arise. Date of Article: 13Jul2008 Category: Finance & Investment View(119) EasyPublish(69)
- Cost Accounting For Profit With Accounting Software
Small business often accepts business expenses as inevitable and while some effort is usually made to keep expenses down it is often done without reference to the accounts. Maintaining a regular system of bookkeeping using suitable accounting software can assist the cost accounting for profit exercise by providing the source and extent of the actions to be taken. Date of Article: 13Jun2008 Category: Finance & Investment View(148) EasyPublish(88)
- Sales Accounting For Profit With Accounting Software
Many small businesses concentrate on the job in hand and treat bookkeeping as an administrative burden. By adopting suitable accounting software as an essential tool of the business the financial performance can be improved by taking positive management action on the sales and profit generated. Date of Article: 12Jun2008 Category: Finance & Investment View(129) EasyPublish(71)
- Accounting For Profit With Marginal Costing
Marginal costing is an accounting term in which costs and expenses are identified by their variability according to the volume of goods bought or produced. By analysing costs according to the variability in prices can significantly improve profit efficiency levels within a business. Date of Article: 07Jun2008 Category: Finance & Investment View(178) EasyPublish(232)
- Cash Accounting Or Accrual Accounting
Every business is required by the tax authority to keep bookkeeping records to enable the net taxable profit or loss to be calculated. While complex accounting systems can be appropriate in some circumstances the choice for small business is basically cash accounting or accrual accounting. Date of Article: 06Jun2008 Category: Finance & Investment View(240) EasyPublish(364)
- Dealing With The Tax Inspector In A Tax Investigation
The vast majority of tax returns are not enquired into by HMRC and are accepted as reasonable. When HMRC investigate the tax return of a small business the inadequacies of the accounting, lack of knowledge by the enquired and professionalism by the tax inspector often results in a higher tax bill. Date of Article: 05Jun2008 Category: Finance & Investment View(167) EasyPublish(224)
- DIY Accounting Cabsmart Taxi Driver Accounts Software Questions And Answers
Questions relating to the DIY Accounting cabsmart package for taxi drivers are not frequent however the most common questions and the answers which have arisen over the past few years assist other cab drivers who may encounter similar taxi accounts questions. Date of Article: 28May2008 Category: Finance & Investment View(524) EasyPublish(387)
- DIY Accounting Software Spreadsheets Installation Questions And Answers
A number of questions arise when clients buy an excel spreadsheet package the majority which involve a misunderstanding of the installation procedures to be followed and in some cases not knowing that to run an excel package then either an excel program or an open source spreadsheet package must be installed. Date of Article: 27May2008 Category: Computers & Internet View(371) EasyPublish(246)
- Avoid UK Tax Problems By Knowing What Business Expenses Are Disallowed
Not all expenses can be claimed as valid business expenses for tax purposes. In a number of areas there is a grey area when an expense could be a business or private expense or may be a business expense used for private purposes. Tax problems can be avoided by understanding which expenses are allowed for tax purposes and which are not allowed. Date of Article: 24May2008 Category: Finance & Investment View(339) EasyPublish(1049)
- Reduce UK Tax Bills By Knowing What Business Expenses To Claim
Tax bills can be reduced if all allowable business expenses are included in costs and receipts retained as supporting evidence. While all business expenses can be claimed it would not be unusual for particularly inexperienced small businesses to fail to claim some business expenses due to uncertainty over what constitutes a valid business expense. Date of Article: 23May2008 Category: Finance & Investment View(215) EasyPublish(493)
- DIY Accounting Payroll Software Questions And Answers
Common questions and answers from clients of DIY Accounting regarding the payroll software, many of the clients having never previously operated a paye system. Date of Article: 22May2008 Category: Finance & Investment View(293) EasyPublish(227)
- DIY Accounting Small Business Accounting Software Questions And Answers
DIY Accounting small business accounting software package is a series of accounting templates written on excel accounting spreadsheets, suitable for UK self employed business whether producing an automated monthly profit and loss account and self employed tax return form. These notes detail the typical questions and answers by clients. Date of Article: 21May2008 Category: Finance & Investment View(224) EasyPublish(483)
- Lower Tax Bills And Bookkeeping For Small Business
Financial record keeping and bookkeeping by small business is occasionally accurate but often produced once a year for tax purposes. By maintaining a diary, retaining all receipts and updating the accounting records on a regular weekly or monthly basis small business can seriously account for all costs and reduce the final tax bill. Date of Article: 20May2008 Category: Finance & Investment View(184) EasyPublish(221)
- The Credit Crisis Is Fuelled By Fuel Prices
Much of the financial crisis in the world is caused by a lack of confidence between banks and financial institutions and their clients which are symptoms of the credit crunch not the root cause. Changing the supply and demand for oil which is the root cause would restore confidence and avoid financial turmoil. Date of Article: 19May2008 Category: Politics & Government View(173) EasyPublish(117)
- Small Business Accounting Software Selection And Priorities
Maintaining accounting records can be difficult for any business, especially self employed and small business organisations where a lack of accounting knowledge can be prohibitive. Selecting the right accounting software for your business can seriously improve financial performance. Date of Article: 18May2008 Category: Finance & Investment View(257) EasyPublish(97)
- Who Should Use The New Self Employment Tax Returns In The UK
HMRC published new self employment tax returns in April 2008 to replace the previous self assessment tax returns for self employed business in the UK. The self employment tax returns are applicable from the financial year ending 5 April 2007. Similar to the previous self assessment forms the new tax returns are in two versions, full and short returns, dependent upon the level of sales income. Date of Article: 03May2008 Category: Finance & Investment View(129) EasyPublish(128)
- Not Knowing The Rules Governing Employee Or Self Employed Status Could Cost Thousands
An employer who has doubt over status of a worker being an employee or self employed may face potential serious penalties if the status is changed Date of Article: 27Apr2008 Category: Business - General View(356) EasyPublish(93)
- What Happens Next After A UK Limited Liability Company Formation
After forming a company in the UK the directors have a number of immediate responsibilities in regard to the newly registered company. Share certificates should be issued, statutory registers implemented and updated, affixing the company name and noting critical dates to avoid penalty fines and the implementation of a financial control system. Date of Article: 26Apr2008 Category: Finance & Investment View(165) EasyPublish(133)
- Employees Can Claim Tax Relief Using Their Vehicle For Work
Employees in the UK who use their own vehicle for work can claim tax free expenses. If an employee keeps records of business journeys and the amounts paid by an employer the employee may also be entitled to receive mileage allowance relief in addition to those expenses for the past six years. Date of Article: 14Apr2008 Category: Finance & Investment View(245) EasyPublish(107)
- Pay Less Tax By Claiming Mileage Allowance Expenses
Mileage allowances are approved rates at which anyone in the UK using a private vehicle for business journeys can claim tax free expenses for that journey. Small businesses can legally increase the tax allowance claimed by keeping better records of business journeys in the small business accounts. Date of Article: 13Apr2008 Category: Finance & Investment View(1617) EasyPublish(113)
- Business Tax Reform In The UK Introduces Annual Investment Allowance
From 1st April 2008 for small limited companies and 6th April for unincorporated self employed businesses in the UK the previous capital allowance structure of first year allowances and writing down allowances changes to a combination of annual investment allowances and writing down allowances. Date of Article: 06Apr2008 Category: Finance & Investment View(353) EasyPublish(86)
- Increase Small Business Profits Through Business Review And Planning
There are several ways a business can improve profitability. The single most important tip for a small business owner is to take time out from the day to day routine and focus on the business and its activities. Emphasis being placed upon cost management a financial budget and business plan which should include sales and working capital requirements Date of Article: 05Apr2008 Category: Finance & Investment View(279) EasyPublish(111)
- Annual Return And Accounting Rules For A UK Dormant Company
Rules apply to dormant companies in the UK with regard to accounting documents and submission of information to companies house that needs attention even if the company has not traded during its financial year. Dormant companies risked being fined if these rules are ignored. Date of Article: 04Apr2008 Category: Business - General View(402) EasyPublish(639)
- Accounting Periods And Basis Periods For Self Employed Business
Accounts are required each year for tax and financial control purposes with preset dates by which those accounting records must be submitted and penalties for failure to deliver on time. While in the UK self employed business can use its own accounting period the tax position can become more complex if the accounts use a basis period rather than the standard financial tax year. Date of Article: 26Mar2008 Category: Finance & Investment View(209) EasyPublish(117)
- UK Accounting Reference Dates For Private Limited Companies
All companies and self employed businesses including dormant non trading companies have a legal requirement to keep a set of annual financial accounts for tax purposes. There are rules governing the accounting year end date at which the set of accounts is made up which have advantages and disadvantages to the business. Date of Article: 25Mar2008 Category: Business - General View(542) EasyPublish(357)
- Cash Flow Early Warning Signs Are Crucial When The Credit Crunch Bites
Preparing a cash flow forecast can be an effective business tool in identifying adverse liquidity trends within a business at the earliest stages. Of particular importance during a credit crunch when cash flow is tight the cash flow forecast can indicate where positive action is required before those warning signs become critical. Date of Article: 24Mar2008 Category: Finance & Investment View(408) EasyPublish(276)
- Cash Flow Management of Debtors And Creditors In A Credit Crunch
Cash flow management is a critical of the financial control that every business must get right to survive. Debtors and creditors represent two major areas which business might address to ensure sufficient liquidity and working capital to survive the credit crunch and continue in business to generate profit. Date of Article: 22Mar2008 Category: Finance & Investment View(136) EasyPublish(113)
- Cash Flow Management Issues Relating To Funding And Investment In A Credit Crunch
Cash flow management is a critical business area every business must get right to survive. This article suggests a number of areas that a business might address to ensure the business have sufficient liquidity and working capital to survive the credit crunch and continue in business to generate profit. Date of Article: 18Mar2008 Category: Finance & Investment View(256) EasyPublish(91)
- Managing Stock To See Off The Credit Crunch By Improving Cash Flow
When times get hard and 2008 has all the hallmarks of being a difficult financial year control over cash flow is critical. The best defence in these days of the credit crunch is to introduce and monitor cash flow liquidity at the earliest stage of which stock levels and inventory control can be crucial elements Date of Article: 17Mar2008 Category: Finance & Investment View(264) EasyPublish(208)
- Getting Paid On Time And Debt Recovery When The Credit Crunch Bites
Making sure customers pay on time within the terms and conditions of the business is a serious issue and critical in days of a credit crunch, Late payments and bad debts cause liquidity and cash flow problems and in the most crucial cases can force a business into insolvency. Date of Article: 19Feb2008 Category: Finance & Investment View(630) EasyPublish(242)
- What To Include In The Financial Section Of A Successful Business Plan
Preparing the financial section of a business plan is more than scribbling some pleasing numbers on a sheet of paper. The end result of every business plan is not how great the business start up will be or the tremendous skills to be employed in the business but the bottom line. Date of Article: 18Feb2008 Category: Business - General View(299) EasyPublish(143)
- Producing a Successful Business Plan To Start A New Business
Every new business start up has a business plan that varies in sophistication from a few brief thoughts, an idea or aspiration to a formal written document setting out all major elements. Preparing a business plan is essential if grants are to be applied for or money is being borrowed to fund the start up. The strong message being that potential lenders regard a business plan as essential. Date of Article: 17Feb2008 Category: Business - General View(144) EasyPublish(141)
- How To Set A Sales Price For Your Product Or Service
Setting the selling price at which a business sells its products or services is one of the most crucial decisions a business must make. Setting a selling price too low throws money away while setting a price too high loses sales volume and inhibits growth. Date of Article: 10Feb2008 Category: Business - General View(659) EasyPublish(145)
- Things You Need To Know Before The Vat Inspection
Trained vat officers do inspect company accounts on a regular basis and know exactly the types of errors likely to be uncovered. Up to date accounting records are required by all vat registered businesses and may contain common errors and misunderstandings which can cost the business dearly. Date of Article: 31Jan2008 Category: Finance & Investment View(280) EasyPublish(342)
- An Introduction To Registration And Accounting For Value Added Tax
Value added tax is the tax amount added to the value of goods and services by a vat registered business when sold or transferred. Vat is not charged by businesses that are not registered for vat. This guide covers the vat threshold, accounting for value added tax, registration and submitting the quarterly vat tax return online. Date of Article: 30Jan2008 Category: Finance & Investment View(490) EasyPublish(137)
- Personal Qualities Required To Be An Entrepreneur And Start Your Own Business
The success of every small business and especially a new start up business is dependent upon the personal qualities and abilities of the small business owner. Some skills and abilities are more important than others to an entrepreneur but rarely are all qualities are required and invariably some are essential to start your own business and make it a success. Date of Article: 28Jan2008 Category: Business - General View(609) EasyPublish(569)
- Small Business Accounting Software Is Simple Bookkeeping Spreadsheets
There is a major difference between sophisticated accounting software used by larger businesses for financial control purposes than is required for small business where a simple bookkeeping spreadsheet is sufficient. Date of Article: 27Jan2008 Category: Finance & Investment View(1438) EasyPublish(615)
- Basic Bookkeeping For Small Business Can Save Money
Every business is required to keep a set of financial records to enable those accounts to be submitted and the tax payable calculated. Bookkeeping is the prime stage in keeping those books and at its most basic level does not require high levels of accounting knowledge and experience and accountant fees can be saved. Date of Article: 12Jan2008 Category: Business - General View(711) EasyPublish(173)
- Solve Business Problems Before They Become Critical With Accounting Software
Running a business and ignoring or having inadequate accounting software is like building a house on top of a bonfire and not bothering to fit a fire alarm. Many small businesses run into difficulties sooner or later, it is a fact of business life. Timing and how those crises are dealt with are critical to both the success and in some cases survival of the business. Date of Article: 11Jan2008 Category: Business - General View(202) EasyPublish(159)
- Top Paye Questions Answered
Employers and particularly new employers ask a variety of questions in administering the PAYE scheme. The top questions and answers include tax codes, week 1 basis, employee or self employment status, national insurance, statutory sick pay and what happens when an employee does not provide a P45 from previous employment. Date of Article: 10Jan2008 Category: Finance & Investment View(359) EasyPublish(625)
- Pay As You Earn Wages And Salaries Tax Scheme Explained
The PAYE system is a payroll administration system whereby employers deduct on a weekly or monthly basis income tax and national insurance contributions from employees wages and salaries. The PAYE administration involves the calculation of deductions, often performed by payroll software, and the tax returns and forms required by the tax authority which in the UK is the Inland Revenue. Date of Article: 09Jan2008 Category: Finance & Investment View(1776) EasyPublish(168)
- Accounting Software Can Be Sophisticated Or Simple But Rarely Both
Many types of accounting software exist to record the financial transactions of business and provide the management with financial control to achieve the profit and loss performance required. The correct choice is highly dependent upon the size of the business and the degree of sophistication and financial control required. Date of Article: 08Jan2008 Category: Finance & Investment View(168) EasyPublish(134)
- Using Accounting Software To Make Your Business More Profitable
Big business uses the financial function and accounting software to analyse and improve financial performance through financial control and the exploitation of opportunities. Small business has a serious problem of viewing accounting software as an administrative headache for annual tax purposes missing the valuable opportunities the financial system can provide. Date of Article: 07Jan2008 Category: Business - General View(179) EasyPublish(138)
- Bookkeeping Software Spreadsheets Are Essential Small Business Accounting Tools
Accurate financial records must be kept by every business and bookkeeping software spreadsheets can satisfy this requirement. Further by adopting a simple accounting system the small business can use the bookkeeping spreadsheets to both manage financial control over the business and complete the essential task of reporting for tax purposes. Date of Article: 05Jan2008 Category: Finance & Investment View(284) EasyPublish(144)
- Deciding Between Bookkeeping Software And Bookkeeping Services
All small businesses have to choose between keeping manual records of financial transactions and the benefits, advantages and disadvantages of utilising bookkeeping software and or employing bookkeeping services for this purpose. The correct choice will vary from business to business but a choice should be made to achieve the best financial performance. Date of Article: 03Jan2008 Category: Finance & Investment View(427) EasyPublish(123)
- Financial Control Using Self Employed Single Entry Bookkeeping System
Single entry bookkeeping is an accounting practise that can be employed by small business and in particular self employed business where a balance sheet is not required for financial control or tax purposes. A self employed bookkeeping system is basically the production of an income and expenditure account to produce a net taxable profit for tax purposes. Date of Article: 08Dec2007 Category: Business - General View(989) EasyPublish(189)
- Bookkeepers And Accountants Choose Double Entry Bookkeeping For Accuracy
Double entry bookkeeping is the technique employed by accounting software to accurately record financial transactions stretching back hundreds of years Double entry bookkeeping means every financial transaction has an equal and opposite effect which is checked using a trial balance prior to producing a profit and loss account and balance sheet. Date of Article: 07Dec2007 Category: Business - General View(415) EasyPublish(935)
- Filling The Self Assessment Tax Return Detailed Profit And Loss Account
Sole traders and self employed business in the UK are required to complete a self assessment tax return. Accurate accounting records are required to complete the self assessment return with income and expenditure of different types being entered against specific box numbers. These notes explain how those accounting records should be entered in the income and expenditure section of the self assessment tax return form. Date of Article: 06Dec2007 Category: Finance & Investment View(2032) EasyPublish(184)
- Single Entry Is Simple While Double Entry Bookkeeping May Be The Only Option
The bookkeeping system adopted by a business is based upon double entry principles for all limited companies but self employed businesses may use a single entry bookkeeping system if a statement of assets and liabilities is not required. Bookkeeping is the recording of the prime financial transactions of a business usually by a bookkeeper or accounts clerk in the business books. Date of Article: 05Dec2007 Category: Finance & Investment View(1240) EasyPublish(204)
- Self Employment Registration And The Self Assessment Tax Return Form
Everyone who starts a business in the UK is required to register that business within three months of starting up the new business or receive a penalty fine for non registration. Having registered as self employed the trader will be required to complete the Inland Revenue self assessment tax return form each year. Date of Article: 04Dec2007 Category: Finance & Investment View(209) EasyPublish(174)
- Self Assessment Tax Return Form And Capital Tax Allowances
The capital allowances section of the self assessment tax return form is the most difficult for people who are self employed and not conversant with at least a minimum knowledge of accounting and the tax system. Completing the self assessment tax return requires the self employed businessman to understand the tax system as applied to capital allowances that can be claimed against fixed assets. Date of Article: 02Dec2007 Category: Business - General View(433) EasyPublish(1402)
- Payroll Software Reduces The Paye Administration
Pay as you earn administration and maintaining payroll records is time consuming for all small businesses. The financial information and paye records are highly sensitive and must be scrupulously accurate since it may be inspected by the Inland Revenue and also carries legal responsibilities to the employees. Payroll Software can carry the paye burden. Date of Article: 01Dec2007 Category: Business - General View(494) EasyPublish(157)
- Small Business Accounting Software Can Improve Business Performance
A talented entrepreneur may have all the skills in the world but only achieves the desired level of financial performance by paying acute attention to the profitability of the business. Small business accounting software is a vital management tool to broaden the management function to include accounting and finance and improve business performance. Date of Article: 29Nov2007 Category: Business - General View(160) EasyPublish(158)
- Taxi Drivers Miss Out On Capital Tax Allowances
Taxi drivers who employ a taxi accountant to prepare their taxi accounts may or may not be at risk of under claiming capital tax allowances. Many drivers who prepare their own taxi driver accounts may not have the expert capital tax allowance knowledge to minimise their tax liability. Date of Article: 10Nov2007 Category: Business - General View(1119) EasyPublish(219)
- Rules Governing Articles of Association During A Company Formation
The Articles of Association of a limited liability company are an essential element of any limited company formation since the Articles of Association set out the rules and regulations by which the internal affairs of the company are governed. Date of Article: 09Nov2007 Category: Business - General View(364) EasyPublish(706)
- Essential requirements of a Limited Company Memorandum of Association
Every company registered in the UK must have a Memorandum of Association that defines the scope, powers and objects of the limited liability company. The Memorandum of Association is vitally important as any transactions deemed to be outside the objects are not legally enforceable. Date of Article: 06Nov2007 Category: Business - General View(218) EasyPublish(248)
- With these tips Taxi Driver Accounts do not have to be Taxing
Taxi Drivers should not to bury their heads under the dashboard when it comes to producing a set of taxi driver accounts. Producing a set of taxi accounts without the use of a taxi accountant is possible and significantly easier if a professional taxi accounting software package is used. Date of Article: 04Nov2007 Category: Business - General View(1181) EasyPublish(277)
- Product Review DIY Accounting Paye and Payroll Software
DIY Accounting Payroll Software is unusually written on a series of excel spreadsheet templates, Three versions of the small business payroll system are available dependent upon the number of employees, being a payroll solution for up to 5 employees, up to 10 employees and up to 20 employees. Date of Article: 01Nov2007 Category: Business - General View(224) EasyPublish(197)
- Product Review DIY Accounting Limited Company Accounting Software
DIY Accounting Software for UK limited liability companies is a series of bookkeeping templates on excel spreadsheets, suitable for any small limited company producing an automated monthly profit and loss account and a set of final company accounts with balance sheet and notes ready for publication. Date of Article: 31Oct2007 Category: Business - General View(663) EasyPublish(222)
- Product Review DIY Accounting Small Business Accounting Software UK
DIY Accounting small business accounting software UK package is a series of templates written on excel spreadsheets, suitable for any self-employed business whether vat registered or not producing an automated monthly profit and loss account and an excel copy of the self assessment tax return form as the end products. Date of Article: 30Oct2007 Category: Business - General View(353) EasyPublish(222)
- No Frills Limited Liability Company Formation
Registration of a limited liability company in the UK is not a complex business. Four documents are required to create a limited liability company. Documents which are available quite cheaply including the main company registration forms which are free. Date of Article: 23Oct2007 Category: Business - General View(200) EasyPublish(417)
- Benefits of Limited Company Formation
The essentials ingredients required for company formation of a new limited liability company in the UK. Tax advantages are an important consideration with corporation tax changing over the next period from 2007 - 2010 while incorporation of a limited liability company carries several other advantages and disadvantages. Date of Article: 17Oct2007 Category: Business - General View(185) EasyPublish(189)
- Choosing Small Business Payroll Software
Running a successful small business presupposes the proprietor is Jack of all Trades when in reality the truth is they are Master of One. Payroll is one part of business management where expertise is required. Mastering the PAYE system is an essential function with substantial adherence to legislation and the needs and motivation of its employees. Choosing small business payroll software can carry this burden. Date of Article: 15Oct2007 Category: Business - General View(729) EasyPublish(182)
- Payroll Essentials for New Employers
When you engage someone to work for you, you become their employer. Every employer operating a PAYE scheme must have an understanding of the HMCE payroll essentials. Payroll essentials that payroll software packages satisfy include both the knowledge to correctly calculate income tax and national insurance plus legal obligations to each employee. Date of Article: 08Oct2007 Category: Business - General View(228) EasyPublish(183)
- Corporation Tax Return
Corporation Tax is a tax on a company’s taxable income or profits. A company being any limited company whether by shares or guarantee, members clubs and associations, trade and housing associations and co-operative groups. A company tax return consists of the completed Corporation Tax Return form CT600 and the annual financial accounts and statements which support the tax calculation. Date of Article: 04Oct2007 Category: Business - General View(234) EasyPublish(252)
- Value Added Tax, Vat Schemes and Vat Thresholds
Value Added Tax is a tax payable by any taxable person or business on sales income unless exempted or zero rated when the annual level of sales reaches the vat threshold limit, raised to £64,000 p.a. from 1st April 2007. Vat output tax is payable on total sales whether a business has registered for vat or not. Register for vat when the vat threshold is reached to enable vat input tax to be reclaimed and minimise vat liability with a vat scheme. Date of Article: 24Aug2007 Category: Finance & Investment View(195) EasyPublish(183)
- Practical Self Employed Tax Tips
Being Self Employed in the UK carries with it responsibility to sort out your own tax affairs, the first tax tip is to maintain good records of the business income and expenses to minimise tax liability. With tax rates of up to 40%, tax is an essential area to achieve a degree of competence. DIY Accounting produces both Accounting Software templates and Payroll Software templates that ease the record keeping. Date of Article: 22Aug2007 Category: Finance & Investment View(302) EasyPublish(254)
- Top Self employed Tax Questions
HMRC enquire into approximately 75,000 self assessment tax returns each year. Most tax enquiries result in extra tax being payable because business turnover has been understated or non allowable business expenses have been claimed, resulting in interest and penalties on the extra tax for that year and sometimes previous years and a higher tax rate. These frequently asked questions can help avoid interest and penalties with a few tax tips. Date of Article: 21Aug2007 Category: Finance & Investment View(449) EasyPublish(249)
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