Websites are one of the top ways to make money online, and there are many ways to make money with your website. Do you want to monetize your Website? |
There is an Investment Mindset Solution for the problems that most people have dealing with corrections. |
If you run a successful business, you are profitable - hopefully very profitable! But, once you become profitable, what should you be doing with all of the profits? Here are 7 effective things that you can do with your profits: |
Being Self Employed in the UK carries with it responsibility to sort out your own tax affairs, the first tax tip is to maintain good records of the business income and expenses to minimise tax liability. With tax rates of up to 40%, tax is an essential area to achieve a degree of competence. DIY Accounting produces both Accounting Software templates and Payroll Software templates that ease the record keeping. |
HMRC enquire into approximately 75,000 self assessment tax returns each year. Most tax enquiries result in extra tax being payable because business turnover has been understated or non allowable business expenses have been claimed, resulting in interest and penalties on the extra tax for that year and sometimes previous years. This guide of frequently asked questions can help avoid such interest and penalties and indicate a few tax tips to be aware of. The higher tax rate in the UK is 40% of net taxable income. DIY Accounting also provides templates to assist in maintaining good records and correct tax returns. |
An employee is anyone who works on a full time, part time or casual basis for the business and includes company directors. When you engage someone to work for you, you become their employer. Every employer operating a PAYE scheme must have an understanding of the HMCE payroll essentials. Payroll essentials that payroll software packages satisfy include both the knowledge to correctly calculate income tax and national insurance plus legal obligations to each employee. |
Vat is a tax payable by any taxable person or business on sales income unless exempted or zero rated when the annual level of sales reaches the vat threshold limit, raised to £64,000 p.a. from 1st April 2007. Vat output tax is payable on total sales whether a business has registered for vat or not and important to register for vat when the vat threshold is reached to enable full credit to be claimed by the vat input tax paid on purchases.
Minimise vat liability with a vat scheme. |
Small businesses must consider in their Cost Analysis so that they can estimate the overall ROI. |
Outsourcing Accounts Receivable (AR) have lots of benefit for Small Business. Here we have discussed some of them. |
Typically, home based business owners dislike keeping their books of accounts, thinking that as long as money keeps coming in, they will be alright. if you do not keep track of your income, sooner or later you could be in serious trouble with the tax department, so here are some tips on setting up a simple accounting system. |
