News & Views
The Golden Rules of Bookkeeping
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29 Sep 2011 15:33
Second to managing customer accounts and attracting new sales, bookkeeping is one of the most important functions in any business. If you’re diligent and have proper processes in place, you’ll have access to timely information that shows the true performance of your company. If you’re ambivalent in any way, though, your business could wind up in very serious trouble without you even knowing it.
A lot of companies, particularly small businesses that are just getting off the...
Planting the Seed
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22 Sep 2011 14:09
Two weeks ago, I looked at the Business Expansion Scheme (BES) as part of DCA Accountants and Business Advisors’ investment advice series. An extension to the BES is, of course, the Seed Capital Scheme, which is another tax refund for new enterprises.
The Seed Capital Scheme is very similar to the BES but what makes it potentially more attractive is that it provides for a refund of tax on an investment already made by an individual. That investment can be offset against the previous ...
Tax Deadline Looms Large
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15 Sep 2011 13:38
This is the time of year that owner managers dread most. With the tax return deadline looming, most SME business owners are keen to make sure that their house is in order and that their files are up to date ahead of the cut-off point.
But it doesn’t have to be a time viewed with trepidation – when a company or sole trader sets up in business, they should have first appointed an accountant who would have indicated very specifically the records that need to be maintained, both for...
Business Expansion Scheme – Do You Qualify?
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8 Sep 2011 14:28
In the first of a series of investment focused pieces, Declan Dolan takes a closer look at the Business Expansion Scheme.
Wary investors are treating today’s market with extreme caution and who can blame them? After all, the turbulence of the last three years hasn’t exactly inspired confidence – even those at the higher end of the risk profile are scaling back after, in many cases, suffering huge losses in their portfolios.
However, there are still opportunities out there f...
We’re Here To Help You Set Up Your Business
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1 Sep 2011 14:16
Following on from my last blog on how to set up your business, this week’s focus is on the determining factors that can help you decide whether the sole trader or limited company option is best for you.
When deciding which best suits your needs, the most important thing to take into account is your forecasted profits and how much your turnover is likely to be year-on-year.
A lot of people, when setting up a business, get hung up on details like having the appropriate measures in place when it come...
