Moving from paper to online VAT Returns and paying electronically

HM Revenue & Customs (HMRC) plans to phase out paper VAT returns. From April 2010 you may have to submit your VAT Returns online and pay any VAT due electronically (for example by Direct Debit).

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Federation of small businesses

The Federation of Small Businesses (FSB) has welcomed the chancellor’s decision to defer the one pence rise in corporation tax for small firms. Read more… http://newsvote.bbc.co.uk/1/hi/business/8403218.stm  

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The Pre-Budget report and you

Q&A: The pre-Budget report and you http://news.bbc.co.uk/1/hi/business/8403681.stm

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Improve your cash flow

Collecting receivables: Many small businesses can improve their cash position simply by making certain that their billing, collections, and payables systems are operating as efficiently as possible. Small businesses do not have the luxury of large accounting and collection departments of big corporations so they often have their bookkeeping done by an external bookkeeper. More […]

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3 Quick Business Money-Saving Tips

1. Bill timely and accurately 2. Do not wait until an invoice becomes past due to chase it. 3. Deposit payments into the bank account daily!

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Top 10 small business update

June was another solid month for the 10 small firms that the BBC News Website is following throughout 2009. http://news.bbc.co.uk/1/hi/business/8148080.stm

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Why do I need a bookkeeper?

Many new business owners think it’s not going to take much of their time because they don’t have many transactions at first, so they’ll do their own bookkeeping to save the cost. In many cases one of two things happens … they end up with a shoebox full of receipts at the end of the […]

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What is bookkeeping?

In the normal course of business, a document is produced each time a transaction occurs. Sales and purchases usually have invoices or receipts. Deposit slips are produced when deposits are made to a bank account. Cheques are written to pay money out of the account. Bookkeeping involves recording the details of all of these documents […]

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How to write a business plan

 How to write a business plan http://news.bbc.co.uk/1/hi/business/2943252.stm

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Why is cash flow management important?

Cash flow is the lifeblood of small businesses. Cash comes from sales, collections of account receivables, and the sale of assets. On the other hand, cash flows out to meet all expenses and debt obligations of the business. The goal of good cash flow management is to have enough cash on hand when you need […]

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