When you start a new business, there are a thousand and one things that need doing and everything takes priority. The main focus for start ups is on promoting the business, as without sales there is no business. However, finances are also important, especially if you produce invoices for the goods or services you sell. With this in …
What are KPI’s? KPI’s are Key Performance Indicators. They are used to measure the success of a business. Isn’t that the same as a profit and loss account? No a profit and loss account measures the profitability of a business for a specific period – a year, 6 months, 3 months, or even 1 month. …
If you have a business, the following are some of the more common tax deadlines coming up in September. VAT If your VAT quarter end is 31 August, you need to submit your return by 30 September (paper) or 7 October (online). Your payment is usually the same as the due date for your …
This is a scam that has been going around for the last couple of years. You receive an email supposedly from HM Revenue and Customs indicated that a tax refund is due, and all they need are your bank details to repay you. Do not reply, it’s a scam. Firstly, HM Revenue and Customs will …
If you are an employer, you may need to have one eye on the National Minimum Wage levels. The current levels are: £5.93 the main rate for workers aged 21 and over £4.92 the rate for 18-20 year olds £3.64 the 16-17 rate for workers above school leaving age but under 18 £2.50 the apprentice …
If you’re not registered for VAT and your taxable supplies have exceeded £73,000 in the last 12 months, you MUST register for VAT. However, many businesses do not have that level of turnover, or may not have traded a full 12 months, and register VOLUNTARILY for VAT. So should you do it? There are several …
There are three predominant forces in the social media arena – FaceBook, LinkedIn and Twitter. Without a doubt, my favourite is Twitter. Early on, I was told that you either ‘get’ Twitter or you don’t, and there are many users who try it and just don’t seem to get on with it. I think …
I joined GBM Accounts in September last year as a Modern Apprentice, to train in accountancy. I’d been looking for a way to train for a few years and thought that training as I worked would be the best option for me. I’ve just reached the end of my college course, and am now a …
The following are some of the more common tax deadlines coming up in August. VAT If your VAT quarter end is 31 July, you need to submit your return by 31 August (paper) or 7 September (online). Your payment is usually the same as the due date for your return. More information on deadlines …
As a limited company, one of the filing requirements is an annual return, which summarises the directors, company secretary (if you have one), registered office and shareholders of the company. Companies House have recently changed the reminder letters they send out, which are headed up “Annual Return Reminder – Urgent Action Required”. The following is …