You may vaguely be aware of IR35, never heard of it or already know all the intricacies of it. In essence it is a mechanism for HMRC to address potential pseudo-employee situations which deprive HMRC of tax payments. This was to address a trend in the 1990s when a large number of IT professionals became [...]
Required High Standard Of Bookkeeping If you have decided to look after your bookkeeping yourself, it is essential that you prepare it to a high standard for the following reasons: Ensures you are using accurate information when you make management decisions. Decreases your accountancy fee costs. Decreases your risk of fines from HMRC, as they [...]
Before I setup Goringe Accountants I spent a week attending as many business networking events as I could in Reading. This was an essential part of my market research prior to start-up. As a result, I was able to talk to many business owners. In particular I asked them about the current issues they faced, [...]
Bookkeeping In The First Year We often encourage new business owners to attempt their bookkeeping themselves in their first year. There are various reasons for this: Encourages business owners to understand their numbers and implement financial controls. If they do wish to employ a bookkeeper in the future or outsource then they will understand the [...]