What tasks should you be undertaking to keep your business healthy?
Daily Accounting Tasks
1. Check Cash Position
Start your day by checking how much cash you have on hand. Knowing how much you expect to receive and how much you expect to pay during the upcoming week/month is important.
Weekly Accounting Tasks
2. Record Transactions
During the recent Spring Budget, the Chancellor updated the timetable for Making Tax Digital for Business (MTDfB).
There may still be further changes ahead of the final legislation, but time is marching on and the opportunity for any further significant changes is reducing.
Here is the latest timetable for when businesses will become part of MTDfB;
Making Tax Digital is a government initiative that sets out a bold vision for ‘a transformed tax system and the end of the tax return’ by 2020. With only 12 months to go before live date, you may have expected more media coverage by now.
12 tips to help you manage the money owed to you and rightly have the cash in your bank account and not that of your customers. After all, you are not a lender and cash in your accounts gives you better options.
You may have seen an advertising campaign or perhaps someone mentioned the 'cloud' when you were last in the pub, but do you really need cloud based software?
There are a number of pro's and con's for cloud based software when compared to desktop versions. The requirement will be different for each business.