Undeclared Income – It’s On The Cards!

Undeclared Income – It’s On The Cards!

Did you know that HMRC can track your income by obtaining information about the use of credit and debit cards? Any individual or business accepting credit or debit card payments for goods or services must be registered with HMRC, who have the power to gather...
New Pension Rules – The Downside

New Pension Rules – The Downside

New pension rules came into effect on 6 April 2015 which have brought many welcome changes. But what about the changes which are not so good? Careful consideration needs to be made with regard to how the changes may affect you. The most significant change is probably...
Moving With The Times

Moving With The Times

The earliest known existence of the classic ‘double entry’ bookkeeping system can be dated back to 1211 in Florence, Italy. First published in Luca Paciolo’s book “Summa” in 1495, it is a system that has been used, and will, indeed, be...

Keeping Accounting Records

One of the requirements for all businesses is that appropriate accounting records are kept for at least six years from the end of the accounting period in case of an inspection request from HMRC. Dependent upon the number of business transactions, there are various...