Formerly a senior accountant with several public companies and finance director before semi retirement. Following a number of years installing financial and accounting software in recent years has designed a range of Accounting Software and Payroll Software for self employed business and small limited companies in the UK

Accounts are required each year for tax and financial control purposes with preset dates by which those accounting records must be submitted and penalties for failure to deliver on time. While in the ...

Preparing a cash flow forecast can be an effective business tool in identifying adverse liquidity trends within a business at the earliest stages. Of particular importance during a credit crunch when ...

All companies and self employed businesses including dormant non trading companies have a legal requirement to keep a set of annual financial accounts for tax purposes. There are rules governing the a...

Cash flow management is a critical of the financial control that every business must get right to survive. Debtors and creditors represent two major areas which business might address to ensure suffic...

Cash flow management is a critical business area every business must get right to survive. This article suggests a number of areas that a business might address to ensure the business have sufficient ...

When times get hard and 2008 has all the hallmarks of being a difficult financial year control over cash flow is critical. The best defence in these days of the credit crunch is to introduce and monit...

Making sure customers pay on time within the terms and conditions of the business is a serious issue and critical in days of a credit crunch, Late payments and bad debts cause liquidity and cash flow ...

Preparing the financial section of a business plan is more than scribbling some pleasing numbers on a sheet of paper. The end result of every business plan is not how great the business start up will ...

Every new business start up has a business plan that varies in sophistication from a few brief thoughts, an idea or aspiration to a formal written document setting out all major elements. Preparing a ...

Setting the selling price at which a business sells its products or services is one of the most crucial decisions a business must make. Setting a selling price too low throws money away while setting ...

Trained vat officers do inspect company accounts on a regular basis and know exactly the types of errors likely to be uncovered. Up to date accounting records are required by all vat registered busine...

Value added tax is the tax amount added to the value of goods and services by a vat registered business when sold or transferred. Vat is not charged by businesses that are not registered for vat. This...

There is a major difference between sophisticated accounting software used by larger businesses for financial control purposes than is required for small business where a simple bookkeeping spreadshee...

Running a business and ignoring or having inadequate accounting software is like building a house on top of a bonfire and not bothering to fit a fire alarm. Many small businesses run into difficulties...

The PAYE system is a payroll administration system whereby employers deduct on a weekly or monthly basis income tax and national insurance contributions from employees wages and salaries. The PAYE adm...