Benefits and perks are a great way to attract and retain the best talent. There are a number of these that are tax free but not that many, so most are treated as benefits in kind and are taxable as if an equivalent monetary value had been paid to the staff member. This article explores these in more detail.
There are a few standard things businesses can do to try to get paid promptly on completion of a job, including invoicing in advance, asking for a deposit to be paid upfront and invoicing immediately on completion of a job. This article explores how to complain to the Small Business commissioner and what will happen next.
Buy to let has, for a long time, been considered a great way for people to buy a home, with little risk of falling behind on their mortgage because tenants are covering mortgage payments however there has recently been a surge in interest in holiday lets, thanks to sites like Airbnb, which could persuade homeowners to think about this as an option. This articles delves into the pros and cons of both holiday lets vs property rentals.
There are some red flags that you should be aware of with your current accountant because you could be hindering your business's progression and paying more tax than you need to if you stay with an accountant that isn't as passionate about your business as you are. In this article, the Financial Management Centre will explain what to look out for when choosing a new accountant, and how to actually change practices.
**Top 5 Credit Control Tips** Cash is the lifeblood of every business. It is vital that your business has an effective and robust credit control process in place. Here are our 5 top tips for credit control: Maintain good relationships Invoicing promptly and accurately Agree realistic terms Make it as easy as possible Know your customers
In this article, the Financial Management Centre team explain what each childcare scheme is, how they work, and which is the best choice for you. If you're currently considering the childcare options that might work best for you and your family, you have two options to choose from. Be quick as your options are narrowing as the childcare voucher scheme will soon stop accepting applications, so the clock is ticking.
In this article, The Financial Management Centre team explores the main reasons why business owners want to change their accountant and what to do if you're now ready to make the change. Around 400,000 businesses change accountant every year. Each business owner has their own reasons for doing so. If that's you, then you'll be relieved to hear that the process of changing accountants is a simple one.