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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Credit Controller – What to Look for

Credit Controller – What to Look for

Choosing the right Credit Controller: Credit control is such an important area in the business world.  However it’s a subject that is all too often put on the back burner.  As a result sometimes when work gets busy one of the things that can get delayed is the sending out and chasing up late payments. So for that reason we

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Credit Control- Get paid on time!

Credit Control- Get paid on time!

Get paid on time You need to be paid on time with your business and being more C.A.T. really helps. Money is needed to pay bills, pay staff wages, repay loans, investment, and also to pay yourself. If your business doesn’t get paid on time, you are heading for financial problems. Get your credit control right. A profitable business does

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Management Reports

Management Reports

Management Reports: What’s Best Practice First of all Management Accounting requires Management Reports. Management Accounting tells your business story on a more regular, efficient and informed basis. For this reason you should design the layout and content of your management accounts to provide the most useful data to enable good business decisions. So when designing a good performance report there

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Business Growth

Business Growth

Your Business Growth Story Business growth stories tell you Your profitability What things cost Information on Controlling & managing cash Planning Returns and Information for the Tax authorities, sending in VAT and Tax returns Telling your business story mainly comes from your financial and business transactions.  This includes what you’re spending, where money’s coming from, money coming in and out

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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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Your Business Plan: 5 points to get it right

Your Business Plan: 5 points to get it right

Your business plan plays a vital part in getting business success. Furthermore it not only helps you navigate an uncertain business landscape it can help reduce the risk of it all going wrong. First of all planning is a mindset approach to your business. The plan captures in words and numbers the results of some clear thinking and likely outcomes

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How to Pay Yourself: Salary, Dividends & Benefits

How to Pay Yourself: Salary, Dividends & Benefits

How to pay yourself: Company owners and directors often ask us “do I pay myself salary or dividends, and how much should that be?”. Every situation is different, therefore the answer to the question depends. This article will look at the salary versus dividends decision. We will throw some numbers in to show the financial difference. Furthermore we will be

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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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Filing Your Tax Return- A Guide

Filing Your Tax Return- A Guide

Filing your tax return: Being an early bird can really help reduce your stress levels, giving you more time to just get on with your business and your life. Here at Pro Active we have put together a short guide on tax returns if you want to complete your own. If after watching our video you feel more comfortable with

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