Business Advice Archives - Cornwall Bookkeeping And Accounts

16 Feb 2018

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Employing Staff For The First Time?

Business Advice, Taxbusiness, CBAA, Cornwall, Cornwall Bookkeeping And Accounts, employee rights, employment, employment legislation, help for employers, HMRC, staff

Are You Thinking Of Employing Staff For The First Time? A very helpful checklist can be found on the HMRC website detailing what you need to do. Look at the information on the following link: https://www.gov.uk/employing-staff

30 Jan 2018

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Do You Know The Difference Between The National Minimum Wage And The National Living Wage?

Business Advicecorrect wage, employee rights, employer, employment, employment legislation, help for employers, HMRC Wage Calculator, living wage, minimum wage, National Living Wage, National Minimum Wage, payroll, Salary, staff, workers

Minimum Wage vs Living Wage. The National Minimum Wage is the minimum pay per hour almost all workers are entitled to. The National Living Wage is higher than the National Minimum Wage. Workers aged 25 and over get it. As an employer you need to make sure that you are paying the correct wage. Why not use the HMRC minimum wage calculator to work out if you are paying the correct amount? https://www.gov.uk/minimum-wage-calculator-employers

07 Nov 2017

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Help For Employers

Business Advice, TaxCBAA, Cornwall Bookkeeping And Accounts, employee rights, employers, employment, employment legislation, help for employers, HMRC, HMRC Bulletin, legislation, outsource payroll, outsourced payroll, payroll, staff

HMRC Bulletin. Did you know that you can sign up to receive a free HMRC bulletin geared to helping businesses who employ staff? It’s a very useful summary that helps you as an employer keep up to date with the latest legislation. Here is the link: https://public-online.hmrc.gov.uk/business-emails/subscription Cornwall Bookkeeping and Accounts offer an outsourced payroll solution that is tailored to your needs. https://cbaa.co.uk/payroll/

08 Dec 2014

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How To Claim Back Your Business Motor Expenses

Business Advice, Taxaccountant, bookkeeper, business mileage, car, expenses, fuel costs, HMRC, insurance, mileage, mileage log, MOT, motor expenses, parking charges, repairs, road tax, servicing, van

Motor Expenses And Mileage. If you are a sole trader or in a business partnership and use your car or van for your work, then there are two different methods you can use to claim mileage costs as an expense. Once you have chosen a method to use, you will have to continue using that method until you change your vehicle. It is best in your first year of trading to get your bookkeeper and accountant to look at both methods so you can see which is best for your business. Both methods require you to keep mileage records…

19 Nov 2014

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Are You Missing Out On Tax Relief?

Business Advice, Taxexpenses, fees, flate rate deduction, healthcare, HMRC, mileage, receipts, subscriptions, tax relief, travel, uniforms, work clothing

Do you incur expenses working for an employer that are not reimbursed? Maybe you wear a uniform which you have to launder at home? If you work for an employer and do not fill in a self assessment tax return every tax year, then you may be able to claim tax relief on these expenses. What is tax relief? Tax relief is an amount that can be deducted from a worker’s annual income which will reduce the amount on which tax is paid. Many people miss out on claiming tax relief and reducing their tax bill. Here are a few…

10 Oct 2014

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3 Simple Ways A Bookkeeper Can Stop Your Business From Failing

Business Advicebookkeeper, bookkeeping, bookkeeping service, business, cut costs, independent view, management accounts, management reports, revenue generation, solutions, understand your business

Helping You Understand Your Business. A bookkeeper can produce management reports using the data they input from your business. These reports are extremely helpful in understanding how healthy a business is. Being Objective And Independent. An unbiased, independent view is invaluable to a business when it’s under pressure and needs to find solutions to problems. Pointing Out Solutions. By examining the management reports together with the bookkeeper, a business can see where costs can be cut and work on ideas for future revenue generation.

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