http://www.isnare.com/?s=author&a=Terry+Cartwright Finances Terry Cartwright Sun, 18 Oct 2009 00:00:00 -0700 http://www.isnare.com/?aid=322168&ca=Finances Bookkeeping based upon cash accounting principles is the easiest accountancy practise but not necessarily the most accurate or beneficial for tax purposes for the business. This is because cash accounting adopts the date of financial documents such as sales invoices and purchase invoices as the auto... Finances Terry Cartwright Thu, 15 Oct 2009 00:00:00 -0700 http://www.isnare.com/?aid=287561&ca=Finances When the sales turnover of a business reaches the vat threshold, currently 67,000 pounds per annum until reviewed in April 2009, then registration for vat is compulsory. If financially beneficial, businesses can register for vat prior to sales turnover reaching the vat threshold. When a business reg... Finances Terry Cartwright Sat, 21 Mar 2009 00:00:00 -0700 http://www.isnare.com/?aid=215608&ca=Finances Capital tax allowances are allowances on fixed assets a business may claim as a deduction from net profit to arrive at the net taxable profit. If a taxi driver does not claim the correct capital tax allowances in the taxi accounts that net taxable profit and the income tax and national insurance pay... Finances Terry Cartwright Mon, 09 Mar 2009 00:00:00 -0700 http://www.isnare.com/?aid=214572&ca=Finances Businesses whose turnover has exceeded 15,000 pounds are required to show greater analysis of the income and expenditure. From a practical point of view even those businesses who expect the turnover to be less than 15,000 pounds should also maintain financial accounts which show the increased analys... Finances Terry Cartwright Sun, 08 Mar 2009 00:00:00 -0800 http://www.isnare.com/?aid=214426&ca=Finances There is no strict definition of self employment as opposed to not being self employed however the basic rule is if you have income other than is taxed under the paye system then you may be self employed. If this income is irregular and not part of an ongoing business then you are probably not self... Business Management Terry Cartwright Thu, 26 Feb 2009 00:00:00 -0800 http://www.isnare.com/?aid=221621&ca=Business+Management A lack of skill, ability and experience in certain business areas need not be a barrier to success and starting your own business. The personal qualities exerted by a small business owner overcoming deficiencies over and over again are vital and present in many entrepreneurs much more so that specif... Business Management Terry Cartwright Thu, 26 Feb 2009 00:00:00 -0800 http://www.isnare.com/?aid=219286&ca=Business+Management Running a business and ignoring or having inadequate accounting software is like building a house on top of a bonfire and not bothering to fit a fire alarm. Many small businesses run into difficulties sooner or later, it is a fact of business life. Timing and how those crises are dealt with are crit... Business Management Terry Cartwright Sun, 21 Dec 2008 00:00:00 -0800 http://www.isnare.com/?aid=214410&ca=Business+Management Double entry bookkeeping is an accounting technique to record the financial transactions of a business where every transaction is entered twice, equal and opposite transactions. Double entry is required for all businesses that must produce both a profit and loss account and a balance sheet. All limi... Business Management Terry Cartwright Sun, 21 Dec 2008 00:00:00 -0800 http://www.isnare.com/?aid=215278&ca=Business+Management Every small business is required to keep bookkeeping records to produce at the end of the financial year a set of accounts to show the sales income, business expenses and the net profit for tax purposes. Medium and larger businesses employ accounts clerks, bookkeepers and accountants to maintain the... Business Management Terry Cartwright Sun, 21 Dec 2008 00:00:00 -0800 http://www.isnare.com/?aid=215912&ca=Business+Management Producing financial accounts may well be an administrative headache for a small business and many self employed businesses put off this essential business and reduce it to an annual event. There are major benefits that small business can derive from operating the financial system as an important par...