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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 - October, 2009
Steps to Setting up a Business at Home: Commercial
26/10/09 (1:40 p.m.)
1. Think of a business name. If you need them, make sure that a suitable domain name is available (for emails and website). If you are struggling to find a name, think about using your own name – credibility is essential and your willingness to use your name will reassure potential customers. Alternatively, stick with the simplest explanation of your business that you can find. “My Bookkeeping Online” is a good example of this.
2. ...
Categories:Bookkeeping,
Employees,
Expenses,
Financial,
Marketing,
Running a Business from Home,
Small Business Help,
Start ups,
Working From Home
Tags:business,
home,
commercial
Retirement Age
12/10/09 (6 a.m.)
Last week, the high court stood by the current law regarding employee rights when an employee reaches retirement age. As we know it, the law states that an employee retires at the age of 65 without further financial burden on the employer. This was challenged – the suggestion being, I think, that some sort of redundancy payment be made.
Small business owners will view the ruling with a sigh of relief.
Categories:Accountants,
Employees,
Financial,
Industry News,
Small Business Help
Tags:retirement,
employees
Rewarding Key Staff with Share Options
07/10/09 (8 a.m.)
As a business owner you’ll know how important keeping and rewarded key employees is. I have found share options a great route to incentivising mine. Here’s how...
Share options are such a good, well intentioned idea. They reward and incentivise key staff by passing on shares or share options in the business. On the face of it, as a small business owner, it can be the perfect solution.
Unfortunately, the Government has made it a problematic from a legal and a tax perspective.
Categories:Employees,
Financial,
Running a Business from Home,
Small Business Help,
Start ups
Tags:shares,
options,
tax,
government,
LLP,
staff,
employees
Tax breaks if your Business Fails
02/10/09 (8 a.m.)
Not a cheery topic I am afraid to say - but one worth of attention.
This is mainly because it limits the downside risk for the investors in your business. In addition, as owner manager, you are eligible for the tax break too.
It is not widely known about and my guess is that 1,000s of small business fail without full advantage being taken.
Categories:Financial,
Small Business Help
Tags:tax,
breaks,
business,
fail
