The Financial Management Centre

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Get Organised for 2016
Get Organised for 2016
Let’s not call it a New Year’s Resolution; these are forgotten or reneged on by the end of January anyway....
How many times have you seen an article on a thriving young business or newly-successful entrepreneur, and discovered that their business “started out as a hobby and just grew and grew!”… or something similar.
Starting from 6 April 2014 the Government introduced an allowance of up to £2,000 per year for many employers to be offset against their employer Class 1 NIC liability.
Is your company struggling to comply with the corporate governance obligations under the Companies Act 2006?...
In the July 2015 budget George Osborne announced a number of changes that affect small businesses, including probably the most significant - a change in the tax on dividends.
The number of tax investigations being launched by HMRC is continuing to rise, due mainly to government pressure on them to track down unpaid tax to help fill the black holes in the public purse.
Reclaiming VAT
Reclaiming VAT
As you no doubt know if you’re a business owner, as long as you are registered for VAT you can claim VAT back on the purchases you make for your business.
In the current economic climate, raising finance can prove a major challenge for your business, especially if you have no existing loans and therefore no contacts or experience in this area.
Accounting for Franchises
Accounting for Franchises
Franchising is well understood to be a simple way to go into business for the first time.
In the last budget the Chancellor George Osborne said he will scrap the annual self-assessment tax return and replace it with a 'digital tax account' from early 2016.
At some point in your business career you will almost certainly have to produce a Cash Flow Forecast, which shows (and/or predicts) the flow of cash in and out of the business.
It goes without saying that every company that isn’t a one-man-band operation has at some point had to hire its first employee.
Self-Assessment Deadline Looms
Self-Assessment Deadline Looms
If you’re a business owner you will presumably already know that you have to pay income tax (based on the drawings you’ve taken from the business) as well as tax on company profits (corporation tax)....
Key Performance Indicators
Key Performance Indicators
As your business grows you will probably want your accountant to move beyond just crunching the numbers and keeping HMRC happy, into a management accounting role.
With the UK still suffering from the 2008 credit breakdown, credit management continues to be a crucial issue.
An Enterprise Resource Planning (ERP) system is a suite of business process management software that allows companies to automate many back office functions related to technology, services, HR, planning, development, manufacturing, sales and marketing.
National Payroll Week
National Payroll Week
National Payroll Week recognises the contribution that payroll makes to the UK economy, after all a massive £152bn is collected through income tax and £102bn through National Insurance via company payrolls every year.
The Late Payment of Commercial Debts (Interest) Act 1998 is a very useful piece of legislation for small businesses who cannot afford to offer long periods of credit to its customers and clients....
The Financial Management Centre is a UK-wide network of accounting and bookkeeping professionals who you can call on to help you with your business’s books, either to simply help you fill in the right paperwork at the right time, or to handle all your accounting needs.
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