Redundancies in the business
In these difficult trading times, there comes a time when some staff have to be let go but managing redundancies […]
Bookkeeping
Claiming child benefit – be aware of the clawback
The High Income Child Benefit Charge can catch out the unwary. If you, or a partner, are claiming child benefit
In a financial crisis -keep an eye on your debtors!
Late payments are expected to grow significantly in the coming months following rising inflation and interest rates. Cashflow is necessary
VAT visits and inspections
VAT officers can visit your business to inspect your VAT records (known as compliance checks) and make sure you’re paying
What is my “turnover”?
Following on from the previous article and possibly reaching the VAT turnover threshold, be aware that your turnover is not
Not yet VAT registered?
Keep a close eye on your turnover!
Now that businesses are open again, turnover in the business is hopefully picking up If you are not VAT registered
Bookkeeping – review your “aged payables” report regularly
If you are using purchase ledgers – recording purchase invoices when received – these will appear as owing and then