Publications
We have put together a series of useful Business Guides, available to download.
Essential Record Keeping
Whether you are keeping your records manually, use software or are using one of the various cloud-driven accounting systems we will need access to you accounting records to enable us to complete the work on the preparation of your financial statements. Bear in mind...
Interest and Tax Payments
HMRC charges interest on underpayments of tax, and pays interest (repayment supplement) on overpayments. The rate of interest paid on overpaid tax is lower than the rate charged on underpayments, and interest rates are adjusted frequently in line with commercial...
Leaving Your Business – Exit Strategy
What plans do you have for leaving? The economy remains challenging and many people's financial aspirations are still a long way off being attained. Thankfully, many have seen a measure of recovery although we are still a way off from the financial problems of recent...
Workplace Pensions
Auto-enrolment makes it easier for people to save money for their retirement. It means that every employer must automatically enrol eligible staff into a qualifying pension scheme. Complying with auto-enrolment To comply with the new pension reforms, employers will...
Buying a Franchise
Are you considering starting a new business, or extending your existing business interests? If so, have you thought about buying a franchise? A franchise is a method of running an enterprise with a 'blueprint' designed by a franchiser licensed to the franchisee. In...
Buying a Business
Buying an established business provides a path that many follow to fulfil their desire to enter into business or expand existing operations. Like buying a second-hand car or house the need for care and due diligence is essential as this could represent the opportunity...
Residence
Residence is determined by a number of factors including how many days you spend in the UK, where you work and where you have homes. A person may be resident for tax purposes in more than one country in which case their status may be determined by tax treaties between...
Making a Will
Making a Will is one of the most fundamental aspects of estate planning, yet many people do not appreciate its importance. It is an essential document that seeks to ensure your assets are distributed in accordance with your wishes. You will thus be assured that you...
Tax Saving Strategies
Expenses Expenditure incurred before the company year-end might reduce the current year's tax liability instead of next year's. Bringing forward expenditure by even a few weeks on, for example, building repairs, advertising, sales and marketing campaigns, and any...
Balancing your Sales (Debtors) Control Account
In a sales control account, the total of outstanding invoices at the beginning of the period and invoices raised during the period, less payments received for invoiced income, will give a balancing figure of invoices still outstanding at the end of the period - your...
Balancing your Purchase (Creditors) Ledger
In a purchase ledger control account, the total outstanding invoices at the beginning of a period and invoices received during that period, less payments made for invoiced supplies, will give a balancing figure of invoices still outstanding at the end of the period -...
Balancing your Bank Account
When you enter records of money paid into and out of your bank account into the cash book, there is a delay of at least a couple of days until these transactions are cleared through the banking system and appear on your bank statement. Therefore, the bank balance...
