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My Bookkeeping Online Blog
By Tim Haggard 
The My Bookkeeping Online blog is written by founder, Tim Haggard. Topics range from VAT, working from home, funding, bookkeeping and employment, but are mainly focused on small businesses. The blog aims to talk about the issues small business owners face in specific industries. Do get in touch if you'd like Tim's opinion on your query.
Blog archive - August, 2009
Changing and Adapting to Market Conditions
21/08/09 (3:46 p.m.)
As I’ve mentioned before – my first break into entrepreneurial freedom was back in the 90s, via the purchase of a pub with my brother. For the first five years, the pub was packed full.
During that time, the local area was swarming with single 20-30 year-olds looking for a good time on Friday and Saturday nights and we gave it to them. The cash was piling in and we thought we had made it. That was until we got broadsided by a fundamental change in the market conditions. Property prices were rising rapidly, resulting in our target market being forced to look to other, cheaper areas of London to live in. As a result the size of the market we were competing for reduced dramatically and competition became fierce.
Categories:Financial,
Small Business Help
Tags:market,
conditions,
competition
To Incorporate or Not to Incorporate
20/08/09 (3:27 p.m.)
Five years ago, it was a no brainer at almost any level. But as the current climate has changed so has the answer... The tax system was such that incorporating simply put cash in your pocket because you paid less tax. However over the last three years Gordon and his merry men have tweaked the system. These days - savings can still be made but by the time you have paid extra costs to your accountant and dealt with the excess administration, there’s no financial gain in choosing this option. Read more to find out my pros and cons.
Categories:Financial,
Small Business Help
Tags:incorporating
Bookkeeper Tim's Blog
13/08/09 (10:06 a.m.)
Hello I'd like to introduce myself as Bookkeeper Tim! This is my first blog post of many in the run up to launch of My Bookkeeping Online.
The blogs main focus is on small business. No doubt my focus will head off in many tangents in the coming weeks and months, but the primary purpose is to talk about small businesses that are starting up, help with some broad advice and talk about the issues small business owners face in specific industries. Please forgive the occasional rant too...
Categories:Bookkeeping,
My Bookkeeping Online,
Small Business Help
Tags:business,
blog
