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 …
In September 2010, we took on Amy Reeves as an apprentice. We wanted to provide a career opportunity to a young person who would be able to contribute to our business whilst learning the basics of accounting through working and day release at college – ‘earn and learn’. We are thrilled that Amy has progressed …
We come across a lot of businesses and the vast majority don’t have a business plan. This is simply a document which summarises your business and critically examines the various components – finances, markets, customers, products, processes, etc.. Many business owners have some kind of plan or idea in their heads about how they …