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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 - May, 2010
Identity thieves turning to corporate fraud
29/05/10 (11:51 a.m.)
There is a slightly worrying article in today’s Weekend FT about identity thieves turning their attentions to companies, and cloning the identities of entire businesses.
The way they are doing this is by submitting paper documents to Companies House changing the name of the registered office and company director details. Companies House does not verify the validity of every paper item it receives.
There is a very simple way of dealing with this risk.
Categories:Financial,
Industry News,
Running a Business from Home,
Small Business Help,
Start ups
PAYE Annual Return - Deadline Extension
24/05/10 (12:18 p.m.)
Well well well. HM Revenue & Customs (or maybe it is the new government?) has a heart after all. Who knew?
If your business employs staff, it had to submit its 2009-10 PAYE Annual Return by 19 May 2010. The deadline has obviously passed however, HM Revenue & Customs has confirmed that the deadline has been extended by a week,
Categories:Financial
Crowd funding
22/05/10 (6:07 p.m.)
Crowd funding is a great idea in principal – rather than raising £100,000 by getting a small number of business angels to invest, get your mates, family, their friends and anyone else who is up for it to put in a much smaller amount. 5 business angels could put in £20,000, or 50 people could put in £2,000.
In times where finding investment is tough, the benefits of crowd funding are obvious:
Categories:Financial
Are Capital Gains Tax rules about to change (again)?
17/05/10 (7:10 p.m.)
The weekend papers were full of gossip about plans being made by the new Government to change the Capital Gains Tax rules, and I am not surprised that changes are planned. I have never been a fan of the 18% “one size fits all” rate – it was open to creative tax planning, and didn’t fully reward hard working business owners who have spent years grafting, employing and paying taxes.
Under the previous rules, introduced when Gordon Brown was Chancellor,
Categories:Financial
Registering for VAT with sales under the £70,000 threshold
05/05/10 (7 a.m.)
There is a lot of talk online about the rate of VAT being raised to 20% after the General Election.
If the VAT rate does rise, businesses with turnover of below £70,000 may be more minded to register for VAT, and here, broadly, is why:
Categories:Financial,
My Bookkeeping Online,
Running a Business from Home,
Small Business Help
