Finance
Businesses need to manage their finances and keep proper accounts so that they can manage their resources and make sound financial decisions. There is also a statutory requirement to prepare accounts for taxation purposes.
Value Added Tax is one of the most complex taxes imposed on businesses today, causing many to inadvertently underpay or overpay. The ever widening scope of VAT, the constant stream of changes to the regulations and the ever growing demands of HM Revenue & Customs call for a trained professional to ensure that you comply with the regulations.
Self Assessment has been with us for many years now and is more complicated than ever. Very few individuals or businesses are able to complete their own tax returns without professional advice, let alone calculate the correct amount of tax due. With the Revenue’s policy of ‘process now, check later’, our clients are increasingly finding themselves subject to a Revenue investigation.
Looking for an easy to use book keeping and account management system, then check out Kashflow. It offers a 60 day free trial as well.
For one to one advice you can seek further support from our expert advisers directly in each local network area, please see below for further details.
Financial Experts in Manchest
Natwest Banking provides a great financial package for new business customers offering 2 years free banking, if you have been in business for less than 12 months.
Free banking means no account charges for payments into and out of and running your account (provided your account is run in credit and you do not pay out more than £1 million during a 12 month period. As well as 2 years free banking, we also offer a range of other benefits. To find out more visit the website or talk to your local Business Manager. For further advice and information contact Katie Smith on 0161 862 8006 or email katie.LS.Smith@natwest.com or Fadi Fattahi at fadi.fattahi@natwest.com
Financial Experts in Brighton
Natwest Banking provides a great financial package for new business customers offering 2 years free banking, if you have been in business for less than 12 months.
Free banking means no account charges for payments into and out of and running your account (provided your account is run in credit and you do not pay out more than £1 million during a 12 month period. As well as 2 years free banking, we also offer a range of other benefits. To find out more visit the website or talk to your local Business Manager. For further advice and information contact Mark Reed by email Reedmjd@rbos.co.uk
Expert Articles on Finance
Business Expenses
Whatever type of business you run, whether it is a limited company, partnership or you are self-employed, when completing your tax returns you need to consider which business expenses are allowable and can be claimed against your taxable income.
Online Payment Options
As the internet continues to grow, customers increasingly expect to be able to order and pay for their goods online.
National Insurance
Most people who work have to pay National Insurance contributions (NICs).
Capital Allowances
When you purchase fixed assets, such as equipment, you cannot claim them as a tax deduction in your accounts because they are a capital expense.
VAT
Value Added Tax (VAT) is a tax that applies to most business transactions involving the transfer of goods or services.