Posted by Cartwright Terry on November 19th, 2007 in Business ·
Every new limited liability company that is registered must submit a Memorandum of Association with the Companies House company registration forms. It is an essential feature when forming a company…
Posted by Cartwright Terry on November 18th, 2007 in Accounting ·
Since the majority of taxi drivers, but certainly not all, have little accounting or bookkeeping knowledge the lower the level of expertise required the more suitable such an accounts package will be…
Posted by Cartwright Terry on November 16th, 2007 in Business ·
First examine the facts as they exist in the current financial year 2007-08. The current approved mileage allowances were set five years ago in the financial year 2002-03 and while the current rates in no way reflect the increases in fuel costs in recent years that all businesses including small business…
Posted by Cartwright Terry on November 16th, 2007 in Finance ·
It is common practise for a UK employer to pay an employee expenses when that employee uses his own vehicle for business journeys. Often the amount paid is based upon a standard rate per mile which varies from employer to employer…
Posted by Cartwright Terry on November 16th, 2007 in Finance ·
Directors of companies are not self employed but employees of that company. In essence anyone who is in business either as a sole trader or part of a partnership and receives income that is not taxed under the PAYE system is effectively self-employed…
Posted by Cartwright Terry on November 14th, 2007 in Business ·
In the UK anyone receiving earned income which is not taxed under the employers paye system is technically self employed…
Posted by Cartwright Terry on November 13th, 2007 in Finance ·
Businesses become liable for vat when sales reach the vat threshold set on 1st April 2007 at 64,000 pounds p.a…
Posted by Cartwright Terry on November 12th, 2007 in Finance ·
All companies are required by law to maintain records of those company transactions in a manner that must be adequate to enable the company to produce an accurate Company Tax Return…
Posted by Cartwright Terry on November 11th, 2007 in Business ·
Every new employer engaging an employee must register for paye. An employee is anyone who works on a full time, part time or casual basis for the business and includes company directors. When you engage someone to work for you, you become their employer…
Posted by Cartwright Terry on November 10th, 2007 in Business ·
Mastering the pay as you earn tax system is an essential function carrying with it substantial adherence to legislation and the needs and motivation of its employees. Choosing good small business payroll software can carry this burden.
Running a payroll for larger organisations with full time accounting staff is easy…