Category Archives: Bookkeeping and Payroll

Voluntary VAT Registration

Voluntary VAT Registration

VAT registration, doing it sooner and being an unpaid tax collector seems crazy. It looks complicated, not to mention time-consuming.  However, with the right help and guidance, VAT registration, operating it and invoicing are straight-forward and easy to navigate. Your business must register for VAT if Your taxable supplies, including zero-rates sales, have gone over the registration limit in the

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Bookkeeping

Bookkeeping

The importance of Book Keeping  Bookkeeping, or keeping financial records is vital.  More importantly we need to know what we are spending, and where the money’s coming from. Making good judgements when one has complete data, facts and knowledge is not leadership – it’s bookkeeping, Dee Hock Business also needs to know other things, such as The profit being made

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Business Success

Business Success

Business Success Business success, and how we achieve is often talked about.  This blog will look at talk about what helps us get business success. What is business success to you? In the beginning we need to think about we think success looks like to us.  Furthermore, we need ask this question in advance of doing what we do. Objectives

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Company Car’s & Tax

Company Car’s & Tax

Company car’s: Are low emissions cars tax efficient? First of all significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs). The taxable benefit arising on a car is calculated using the car’s full manufacturer’s published UK list price. It includes the full value of any accessories. This figure is then

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Management Accounting

Management Accounting

What is Management Accounting? First of all it is using accounting and business information to make informed business decisions more efficiently, and more immediately. Financial accounting This tells your business story through your financial statements to those outside of your business. These statements are typically your profit and loss, balance sheet and cash flow statement. They are  produced once a

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VAT And Pricing

VAT And Pricing

VAT- What is it? VAT  is a tax on sales, not profit. It is a multi-stage tax, charged at each stage of the business cycle on the “value added” at that stage. Most importantly the basic principle is that the VAT is actually paid by the non-VAT registered customer. VAT is charged on the taxable supply of goods and services

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Profit & Your Break-Even Point

Profit & Your Break-Even Point

Profits & your break-even point are so important to businesses that we’ve dedicated this blog and clip to this subject.   You might be wondering why knowing about this is important. Stay with me as we look at break-even. The bottom line is knowing your gives you better business insights and helps you make more profit in your business. Let’s

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Business Budgeting For Success

Business Budgeting For Success

Understanding Business Budgeting Business budget for success First of all a successful business needs the solid foundations of sound financial management built into its overall strategy.  For that reason finances should underpin every aspect of its work.  Activities need to be planned and costed, so resources are properly considered. “Failing to plan is planning to fail,” Benjamin Franklin “Those who fail to

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Cost Type: Direct & Indirect

Cost Type: Direct & Indirect

Accountants classify cost as either direct or indirect. Differences between direct and indirect costs It is important to know the difference as this helps when it comes to: Pricing of goods and services Business Planning Controlling costs Understanding profitability of customers, products and services Improving efficiency Direct cost This refers to cost related to the production of products.  Below are

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NFP And Private Businesses

NFP And Private Businesses

NFP does not = Not for Business. All Businesses Count We are fortunate to work across business sectors, and consequently have a wealth of knowledge and experience of the private and not for profit. Businesses are typically classified as private or not for profit (NFP), not for profits typically include many art organisations, charities, Community Interest Companies (CICs) and social

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