Is diversification worthwhile?

I am talking about diversification in business here, and from the perspective of a sole trader. I believe diversification as a whole, be it with race, religion, gender, is always a good idea, how can taking ideas and input from a greater field of experience not lead to better decisions and innovative ideas? This comesContinue reading “Is diversification worthwhile?”

The Role Of The Volunteer Vaccinator

As I have been asked about the vaccinator role, I thought I would write a blog about it, about my journey along the volunteer route and where it is heading. I was introduced to St Johns Ambulance at the age of 11 when I joined a local group as a cadet. After 7 years, earningContinue reading “The Role Of The Volunteer Vaccinator”

Tech rules – even in accountancy

It is not long since most accountancy was done on wide sheets of analysis paper and a calculator, a small step up from the abacus. But technology is here and there is no getting away from it as HMRC embraces technological changes and the use of it becomes a legal requirement. At first, it seemedContinue reading “Tech rules – even in accountancy”

How is Car Benefit Calculated?

The car benefit charge is basically an addition to your taxable income that puts into money terms the benefit of having a company car available for your use. Before you start your calculation, you need to collect some information: The list price of the car and any accessories – try parkers handy calulator The CO2Continue reading “How is Car Benefit Calculated?”

The Flat Rate scheme, what is it, how does it work and is it worthwhile for me?

What is it? The Flat rate scheme (VAT notice 733) was set up to make accounting for VAT easier. How does it work? Rather than including all your taxable sales and then all your taxable expenses, broken down into the different VAT rates in your return, you just get one flat rate to apply toContinue reading “The Flat Rate scheme, what is it, how does it work and is it worthwhile for me?”