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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 - March, 2010
Budget 2010 – Nothing if you run your business from home
26/03/10 (7 a.m.)
This years budget is incredibly frustrating. All the politicians go on about helping small businesses, and then in the next breath, talk about tax breaks for businesses with 10 staff!
Politicians and, unfortunately, most commentators have little concept of what a small business is.
In the real world, small businesses are one or two man bands that run their businesses from home, the little shops, restaurants, the IT contractors, freelancers & consultants, chiropractors, doctors, and so on, some of whommight employ 1-5 people.
Categories:Expenses,
Financial,
Running a Business from Home,
Small Business Help
Tags:budget
Sian Williams tells HMRC she'd read News Naked
23/03/10 (7 a.m.)
Last week, Sian Williams said she would read the breakfast news naked because HMRC would not allow her to claim her clothing costs as a business expense.
As there seems to be much misunderstanding about what constitutes a business expense, I have set out below the general rules that apply to the vast majority of circumstances. Hopefully this will help Sian, and other frustrated tax payers /naturalists, avoid future accountancy and legal costs!
Categories:Accountants,
Bookkeeping,
Expenses,
Financial,
Running a Business from Home,
Small Business Help,
Start ups,
Working From Home
Tags:HMRC
Purchase Invoice Management – The Four Step System
19/03/10 (6 a.m.)
Trying to manage the amount you owe suppliers using any bookkeeping software, including Excel, is tricky. What commonly happens is that mistakes are made and then, more time is spent correcting errors than on the bookkeeping itself! I have come to the conclusion that the most efficient solution for small business owners remains a simple paper filing system.
Organise the papers as described in this “The 4-step system” and you will always...
Categories:Bookkeeping,
Financial,
Small Business Help
Tags:purchase,
invoice,
management
Catch up on your Bookkeeping - get Back Dating!
16/03/10 (10 a.m.)
Small businesses, the chances are that your business year-end is approaching, or has just passed and you are once again worrying about pulling together the information that your accountant needs to do the year-end accounts? Am I right? You can make your life easier, a lot easier, using My Bookkeeping Online.
The benefits are...
Categories:Bookkeeping,
Financial,
My Bookkeeping Online
Tags:backdate
