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This page is a free resources page which I hope you will find helpful. New tips will be added regularly, so please visit again to check on my latest accounting tips.
The tax man has new powers to fine people/businesses that try to reduce their tax incorrectly. The fines could be as high as 100% of the error. This will not affect most of you because you prepare your accounts properly. The areas that I could see where a number of businesses could get caught out are :-
I will try to catch any errors before the tax returns are submitted, but I recommend that you to make every effort to make sure that you do not put through and items that are personal.
This is a list of 12 benefits which can be achieved by preparing a budget:
These are 5 very good benefits that can be achieved if you compare your actual results to your budget regularly (monthly or quarterly):
Achieving these can be very helpful to you and/or your business. The more time and effort that is put into the process, the more you will achieve.
Contact Nigel Barber if you want to discuss further how these benefits can be achieved.