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Financing your business – what you need to know
A guide to alternative business finance Setting up a business and funding it while it takes its first, unsteady steps in the world can be an expensive proposition. As it grows and becomes more resilient, a successful company will begin to be able to stand tall on its own 2 feet, but the initial infancy…
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GAAP – biggest change in 30 years
A guide to the new accounting standards Accountants aren’t known for being in the business of change. While the external environment around them and the numbers coming in may change, an accountant brings stability and reliability to a business by using established practices to ensure complete compliance. But now the rules governing accounting standards are…
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HMRC should settle all outstanding avoidance scheme disputes to bolster UK tax credibility, says expert
OPINION: HM Revenue and Customs (HMRC) should adopt an overall resolution strategy to settle every one of the 65,000 UK tax avoidance schemes that are still open. Only by doing that will HMRC help the tax system to retain vital credibility, stability and predictability. 05 Nov 2014
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HMRC threatens tax scheme promoters with £1m fines By Alex Steger
HM Revenue & Customs (HMRC) has stepped up its battle against tax dodging by warning firms which promote aggressive avoidance schemes that they could face fines of up to £1 million, according to reports.
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HMRC steps up scrutiny of largest businesses
The tax returns of two thirds of the 800 largest businesses operating in the UK are under “enquiry”, HMRC announced after yesterday’sstakeholder conference. Jennie Grainger, director general of enforcement and compliance, told the conference that this did not mean that http://www.accountingweb.co.uk/sites/default/files/styles/large/public/HMRC%20building_most large businesses were “on the make” and that the large business tax gap included elements like…
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Congratulations to Hydrate for Health
Congratulations to our client Hydrate for Health who has agreed a deal that will see its product delivered to the homes of hundreds of new customers. Clifton-based Hydrate for Health has announced a partnership with Select Home Delivery Service for a UK-wide trial of its product the hydrant for patients with spinal injuries being cared…
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Certified Accountants in Bristol Warrant Potential Business Growth
The Federation of Small Businesses (FSB) says that in 2013, most private sector businesses in the UK were SMEs (accounting for about 99.9 percent) and employed 59.3 percent of the workforce (about 14.4 million people). In addition, they generated 48.1 percent of the turnover produced by the entire private sector. The immense numbers that small…
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Delegating Tasks to Bristol Bookkeeping Pros Expedites Business Growth
Businesses─ regardless of venture or industry─ require long hours of work combined with dedication, perseverance, determination, and iron will to create profit and generate growth. The gravity of financial responsibilities, though, is slightly concerning for small and medium enterprise (SME) owners, as supported by a study published in a Yahoo! UK and Ireland Finance article…
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Making Do with Startup Tax Breaks through Expert Accountants in Bristol
Being let off temporarily from paying taxes is every business operator’s dream, particularly for those running a startup. Forbes magazine contributor David Prosser says:
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start up business financial considerations
The strength of a home’s foundations can determine its longevity and survival in the face of calamity. In the same way, a start-up business should have strong financial fundamentals—an area where chartered accountants in Bristol can prove rather indispensable. Here are some helpful hints about properly gearing your business towards a successful and financially…
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Better Bookkeeping in Bristol Needed as Business Rates Face Reform
It used to be that consumers had to trudge all the way to brick-and-mortar stores to obtain the goods they needed. These days, however, a growing number of retailers run both physical outlets and online storefronts. Unfortunately, the retail taxation system hasn’t changed as much, which explains why many businesses are still being taxed according…
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Tapping Expert Bookkeeping in Bristol to Help Your Restaurant or Pub
Like any other business, opening a new restaurant or pub will require adequate bookkeeping. In an article for the business website Chron, writer Flora Richards-Gustafson states:
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Bristol Accountants: Indispensable Expertise for Start-up Businesses
The strength of a home’s foundations can determine its longevity and survival in the face of calamity. In the same way, a start-up business should have strong financial fundamentals—an area where chartered accountants in Bristol can prove rather indispensable. Here are some helpful hints about properly gearing your business towards a successful and financially sound…
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Better Bookkeeping in Bristol Needed as Business Rates Face Reform
It used to be that consumers had to trudge all the way to brick-and-mortar stores to obtain the goods they needed. These days, however, a growing number of retailers run both physical outlets and online storefronts. Unfortunately, the retail taxation system hasn’t changed as much, which explains why many businesses are still being taxed according…
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Bristol Bookkeeping Professionals Can Assist Businesses in Expansion
A BBC news article published February 3, 2014 reveals recent findings of a survey by The Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton:
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Accountants in Bristol Can Help Avoid Penalties for Poor Bookkeeping
For most people, the end of one year and the start of another means celebrating the holidays and looking forward to start anew. For businesses, it usually means managing finances from the year before and getting ready for the immediate financial future. Particularly, this entails preparations for the end of the current tax year and…
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Survey Finds Bristol Bookkeeping Professionals Sure About the Future
A recent survey by accounting software provider IRIS revealed that accountants and bookkeeping professionals in Bristol and other areas across the United Kingdom are optimistic about the nation’s economic future. 59% of those surveyed express hope for their clients’ businesses, while 72% thought their respective companies will also be on the rise in 2014.
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Tax Tips Accountants in Bristol Should Give Small business Owners
Starting a small or medium sized business can be tough, especially in industries where firms have to scramble to stay in the game along with the corporate giants that dominate the market space. However, if you just play your cards right, you might find such a venture your most lucrative and rewarding enterprise yet. All…
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Basics of Bookkeeping in Bristol: Elements of Financial Assessment
You don’t have to own a business to realise the importance of checking your finances at the end of each fiscal year, if only to ensure that you aren’t shelling out more than what you’re putting into your account. While many Bristol bookkeeping and accounting professionals like Wormald & Partners Chartered Accountants offer their services…
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Simplifying Bookkeeping Practices with Skilled Accountants in Bristol
An article on the Entrepreneur website enumerates the ways bookkeeping can be streamlined for businesses. Managing the ledgers is an important procedure due to its relevance in the preparation of tax forms. The article lists several ways how efficient bookkeeping benefits businesses:
