Having enough income in retirement is a question that we all think about as we get older. But how much is enough? It depends on your standard of living, but most people want to be comfortable. Comfortable, for me, means a decent car, going for a few meals out, and a foreign holiday. Being able
I was on a webinar yesterday that got me thinking about selling our services. How do we sell them, as in our sales process, and our perceptions about price, value, and affordability? What does the client expect and what do they think about the service they’ll get? The webinar was about Income Protection and what
We are going to look at some Corporation Tax tips to help your company save taxes. Larry Barry owns 100% of an engineering company Barry Can’t Swim Ltd. It arrives at my desk to review the taxes. Larry is a good man to throw a few tax conundrums our way and he certainly didn’t disappoint
Miley Sirus didn’t keep proper books and records. Sure, he only had a modest income and couldn’t afford a professional bookkeeper. Is that last sentence a fact or is it fiction? Let’s explore what Revenue wanted, the money at play, and the result of the case. I will introduce you to Miley Sirus The Appeal
The Universal Social Charge [USC] came in after the financial crisis. It was to be a temporary tax and used to bolster the government finances. This was at a time of frequent visits by members of the IMF. But what was temporary has now become permanent. The USC is a tax, plain and simple. There
What is a Deed of Covenant? A client asked us that question during the week. It’s a question we have on our Income Tax checklist. We send a checklist to clients to fill in before we complete their Income Tax returns. It got me thinking about covenants and the tax benefits for the payer and
What can I claim VAT back on is a common question posed to us. The bookkeeping team here is well-versed in claiming VAT back for clients. They do this every two months for most clients and VAT can be quite a complex area with all the different rules. There will always be queries when it
With bookkeeping do you need help? Gone are the days when one person can keep on top of all the changes coming thick and fast. Arriving like an express train into your inbox from the well-oiled Revenue machine. Let’s look at What is bookkeeping? Current system The good, the bad & the ugly Time for
Keeping proper books & records is the law. It’s not something that is nice to do or something you’d like to do. It’s a must and is something that can give you very valuable commodities. Those commodities are money, time, and confidence. When I say it’s the law, there are plenty of pages and sections
The difference Xero makes to the lives of business owners can’t be overstated. The digital accounting software has been created specifically for entrepreneurs, designed to free up your time and give you a treasure trove of actionable insights. We’ve already looked at how cloud accounting will help your business, but let’s get more specific: here’s
