Category: Money

Payroll Year End Process

Payroll Year End process Year End Processed As we’re just past the end of the tax year, now’s the time to be planning to run your payroll year end to get ready for the new tax year. By now if you pay your employees monthly you should have posted the final pay of the 2018-2019…

Read More

Protecting Yourself Against Fraudsters

Protecting yourself against fraudsters There was a recent BBC article about an increase in reports to HMRC of fraudulent calls, where the scammer on the other end of the phone claims to be calling from HM Revenue and Revenue and Customs. With banking systems becoming more secure and robust, it appears scammers are focussing their…

Read More

Exiting Your Business

EXITING YOUR BUSINESS You have built up your business with a lot of effort and sometimes met with setbacks which you have overcome. You have helped it survive and grow and it has been running well for the last few years. There will come a time though to exit and leave it to others to…

Read More

Successful Succession Planning

Successful Succession Planning Every year, I would strongly recommend that you dive deeply into your workforce and employment data to evaluate any potential succession planning results while actively supporting progress and alignment of your strategic workforce goals. During this process, the big objective is to complete detailed workforce planning. The goals of this process can…

Read More

Cloud Accounting – How To Avoid The Top User Errors

Cloud Accounting – How To Avoid The Top User Errors Cloud accounting has become hugely popular with businesses, especially with the introduction of Making Tax Digital for VAT requiring VAT registered businesses to keep digital records. There are many benefits of cloud accounting software, which we have covered in a previous blog, but there are…

Read More

What Employers Should Know About Employee Expenses

Here is what all employers should know about employee expenses! We are going to talk about a few of the more common employee expenses that explain what can be claimed and what need to be kept: Mileage: Travel from an employees home address to their normal place of work is classed as private travel. There…

Read More

The Benefits Of Cloud Accounting

Cloud accounting is becoming increasingly important, especially with the introduction of Making Tax Digital (MTD) in April 2018 for businesses over the VAT threshold. Cloud accounting software can provide an array of benefits for business owner as well as enable them to comply with HM Revenue and Customs by providing the digital link required for…

Read More

The Benefits of Cash Flow Forecasting

Cash is so important in a business, and we need to understand where our cash is coming from and being used to give us the foundation to begin making necessary changes to ensure that our businesses will be successful. Once we have an initial cash flow we can begin to look at the monthly figures…

Read More

Monitoring and Maintaining Cash Flow

Once we’ve prepared a cash flow statement (see our post from August 2018), we can then start to maintain and improve our cash flow, and over the months monitor our cash flow to ensure that we have enough cash to pay our bills. The first section of the cash flow – “Cash Flow from Operating…

Read More