Getting things done in 140 characters!
There are six main elements to a collection of business records and they are illustrated by the jigsaw puzzle below. With effect from 1 April 2011 HMRC has new powers to conduct checks on business records and so we recommend that you take a look at what they have said:
http://www.hmrc.gov.uk/startingup/keeprecs.htm
For now, these are the records that we would like to see, in order to work on your books for the period just ended:
1. Bank
Copies of all bank statements on all business accounts.
The business bank statement is the starting point for …
Business owners need to spend time working “on” the business as well as “in” the business!
In order to establish what is a business expense, first we need to know “what is a business”?
A business is an activity which is earnestly pursued with the objective of making a profit.
And so it follows that a business expense is a cost which is incurred in order to increase the chances of that activity making that desired profit. If the primary purpose of incurring an expense is not to help the business to make more profit, then it is simply not a business expense.
The HMRC rules are very specific …
When judging whether you can reclaim an expense from your own limited company use the Senior Manager Test. It assumes that you have already understood what is a business expense.
Let’s assume that you are now the CEO of a really big organisation with over 1,000 people and you have about 10 senior managers to help. And they all have expense accounts. If a Senior Manager submitted a reimbursement claim to you, and it had something dodgy on it, would you allow it?
You know what looks right and you know what …
This is version 12.0.4
Introduction
The objectives of the bookkeeping service are to keep you informed about the performance of your business, and to keep you “on side” with the government. And, because the government lays down strict deadlines and processes for the submission of accounts and VAT returns, we have also adopted deadlines and processes to helps us do your books in a timely way. In order to focus on doing this well, Bookkeeper140 uses a popular and secure file storage system called DropBox. That allows us to exchange information with …
The latest 2012 version can be found at http://www.bookkeeper140.com/?p=690
This is version 11.0.3
Introduction
In order to to focus on delivering services, Bookkeeper140 keeps monthly protocol to a minimum. This is done by using a combination of 140 character DMs on Twitter and a repository of digital files on Dropbox. You will need:
* A Twitter account – http://www.twitter.com
* A Dropbox account – http://www.dropbox.com
Please share the Dropbox account with bookkeeper140 AT proactive.ly and on Twitter please follow @bookkeeper140
Our service to you
We will complete quarterly bookkeeping reports, including VAT returns where applicable, on the basis …
As a result of Government initiatives, particularly in 2007, a number of services can be accessed over the web. That means that we need some detail from your VAT Registration Certificate. It looks a bit like this:
Please let us have a copy for our records.
