If you are a client, Log In

Blog

My Bookkeeping Online Blog

By Tim Haggard MyBookkeepingonline RSS feed

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.

Posts in category Industry News:

Budget update and how you can save tax

08/04/11 (12:40 p.m.)

The budget was well received in the small business community, and there are changes that you can make FROM TODAY that will mean that you pay less tax...

Read more

Categories:Accountants, Industry News, My Bookkeeping Online, Small Business Help

Contactless Cards – Good for retailers and consumers

07/01/11 (1:51 p.m.)

Contactless cards are here to stay. Recent reports suggest that 12m were in issue by the end of last year, primarily marketed by Barclaycard.

So what are contactless cards? If the scheme...

 

Read more

Categories:Accountants, Financial, Industry News, Small Business Help

Change in the VAT treatment of entertainment of overseas customers

07/12/10 (2:19 p.m.)

Finally a bit of assistance from HM Revenue & Customs (HMRC) on entertaining expenditure!

Everyone is aware of (and frustrated by) the fact that HMRC offers no support in the cost of entertaining customers. Well I am delighted to say that this HMRC policy is set to change – not through any change of heart, but because the EU is forcing a change of approach....

 

Read more

Categories:Accountants, Bookkeeping, Financial, Industry News

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.

Read more

Categories:Financial, Industry News, Running a Business from Home, Small Business Help, Start ups

PAYE Changes

20/04/10 (4:25 p.m.)

We have seen many new taxes come in under the radar over the last few years, but for me, this is probably the most badly thought out, badly communicated of the lot. And once again, it is being left well intentioned individuals (such as me) to communicate the bad news.

If you employ staff, you will be familiar with the need to pay PAYE and NI contributions over to HM Revenue & Customs on a monthly or quarterly basis, by the 19th of the month following.

Read more

Categories:Financial, Industry News, Small Business Help
Tags:PAYE, industry

VAT Rate Change - The Essential Guide

01/12/09 (5:56 p.m.)

The essential guide covers everything you need to know about the VAT rate change this December.

Read more

Categories:Bookkeeping, Financial, Industry News, Running a Business from Home, Small Business Help
Tags:VAT

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.

Read more

Categories:Accountants, Employees, Financial, Industry News, Small Business Help
Tags:retirement, employees