We’ve put Xero’s invoicing capabilities under the spotlight on several occasions, showing you just how easy it is to automate your invoices and get your money in quicker. But even so, you’ll still always get the odd client who fails to pay their dues on time.
At a creative agency, individuality is to be encouraged. After all, doing things your way is what makes you stand out from your rivals in a seriously competitive sector.
But when it comes to your finances, it doesn’t hurt to take a look at what your competitors are doing now and again either.
Under the current rules, a dispensation is a useful tool as it saves work for both employers and employees. A dispensation removes the need for the employer to return detail of an expense or benefit on the employee’s P11D or P9D
Costs will almost always be incurred in setting up a business and getting it ready to trade. These may vary considerably depending on the nature of the business. However, regardless of the amount of the expenditure, the possibility of obtaining tax relief for pre-trading expenses should not be overlooked.
This post is by Guy Earnshaw of BlueHub who are Cloud Consultants and Xero Integrators. They have a blog where they cover topics such as Cloud, Xero, technology for SMEs and tips for small businesses.
In determining the most tax-efficient way to extract cash from a family company, it is necessary to take into account individual circumstances. There is no one size fits all.
Running the financial side of a business isn’t easy. Let’s be honest, if it was - there probably wouldn’t be any need for us accountants!
That said, we see a lot of common mistakes made by hair and beauty salons that can be easily eradicated.
Employers have a legal obligation to pay employees a wage that is at least equal to the National Minimum Wage (NMW). From 1 October 2015, the NMW for employees aged 21 and over is £6.70 an hour.