Category | business

Short Life Assets

Posted on 13 January 2012

As of April, 2012, Capital Allowances are set to fall to 18% per annum (on a reducing basis). This means should you invest £10,000 into a piece of machinery you will only get £1,800 in allowances during the first year, approximately £1,480 the second and so on and so forth (a total of £8,000 in [...]

Double-Entry Bookkeeping Explained in Less Than 500 Words

Posted on 13 January 2012

It’s a centuries old system that still works (and is the gold standard) for keeping accurate financial records. But because of QuickBooks and other popular bookkeeping software programs that hide the double-entry recordkeeping behind the scenes, many small business owners and even bookkeepers themselves are left scratching their heads asking, “What is double-entry bookkeeping?” So [...]

Managing Your Operational Costs – Contractor Expenses

Posted on 13 January 2012

“Nobody’s profitable at this moment, because recession is here; advertising dollars are down, and expenses are way up. So that kind of belies the situation that you would expect, because the ratings are way up everywhere” – Brit Hume The market scenario in these times has become very turbulent when the global economies have been [...]

IT Accountants

Posted on 13 January 2012

It is so easy these days to read about starting your own limited company on the internet and decide to go for it without a thought as to the consequences of not complying with corporate legislation, or about tax liabilities, effective tax planning, or even about how the company will be created – simply because [...]

Tax Accountants – Get Your Tax Services and Advice Here

Posted on 13 January 2012

Tax is a critical consideration for all businesses, regardless of nature and size. If you have a business, you need the expertise of accountants to provide you with taxation services and advice. With sound advice, proper planning and strategic execution, you can expect tax exemptions and relief, which amounts to cash benefits for your business. [...]

Helpful Tips On Hiring A Great Accountant

Posted on 13 January 2012

Let’s face it, not everyone is good in mathematics.Nonetheless, it’s pretty important to know that you need to have at least one individual in your company who is good with it for your company to have success.With an employed accountant helping you, you usually would not worry about your taxes and about how your money [...]

Accountants – Why Financial Forecasting Is Critical To Survival

Posted on 13 January 2012

Success is not as elusive as you might think; it is actually manageable. Managing the success of your business requires smart budgeting and forecasting, something which accountants specialise in. It is not required that you fight it out alone. In fact you can have a team of professionals to support you in managing your business [...]

What Is Accounts Reconciliation?

Posted on 13 January 2012

In most transactions based on accounts, periodic verification is done to make sure that the money leaving an account is equal to the actual money spent. This is confirmed by making sure that the balances tally at the end of a particular accounting period. In accounting terminology, the process of comparing two sets of records [...]

Why Is It Important to Conduct a Marketing Breakeven Analysis?

Posted on 13 January 2012

Conducting a regular marketing breakeven analysis is something that is important for both big businessmen and small entrepreneurs to do. This form of business accounting will show you how much you have to earn to offset all your operating costs; past this point, you will start making a profit. The benefits of conducting a break-even [...]

Accounting Outsourcing for Small Businesses

Posted on 13 January 2012

All small businesses are required to maintain their financial data through accurate records, ensure that it is kept up to date and comply with their tax returns. It is essential that this important area of a business is not overlooked or neglected as this will soon impact negatively upon the overall health of the business. [...]