Business services

A useful list of tasks to be considered on setting up a limited company.

Available today only, you can purchase the software at £99.99. Uusal RRP is over £200!

Due Diligence is the process of investigating a prospective business investment by getting all material information about the financial, legal, and other aspects of the business.

Useful points for carers to consider when reviewing finances

As experts in buying and selling businesses Plummer Parsons can guide you through this complex process.

Chancellor George Osborne has updated MPs on the state of the economy and the Government's future plans in his Autumn Statement as the Office for Budget Responsibility (OBR) publishes its latest growth and borrowing forecasts for the next five years.

CICs are limited companies with special features created for the use of people who want to conduct a business for community benefit.

The importance of correctly valuing a business.

It seems that the only time backing up your data becomes a topic of conversation is when a computer has failed and work has been lost. Backing up is one of the most important, but also one of the most neglected areas of computing

The company law and the accounting standards require directors to prepare the accounts on a going concern basis if in their opinion, the company will continue to operate for the foreseeable future and there is neither the intention, nor the need, to either liquidate it or to cease trading.

One of the areas where breaches are likely to occur is where a client account has a small residual balance. The current (1998) version of the Solicitors' Accounts Rules allows these balances to be withdrawn, as long as the following steps are taken:

You may have seen publicity concerning the introduction of compulsory pension schemes for employees being introduced from 2012.

As an enthusiastic user of Quickbooks, I was intrigued to see that Intuit have finally released Quickbooks Online (QBO), so I booked myself on a web demonstration to see whether it is worth making the move to the online product.

There’s no getting away from it, cashflow is the very lifeblood of a business. And yet according to recent research by IGF, over a third of small businesses have had cashflow problems in the past two years, many of them experiencing problems so severe that their very survival was at stake.

HMRC’s Business Brief 44/10 announces a change in their policy on recovering VAT on entertaining overseas customers.

A new HMRC Business Brief has been released following the judgement in recent cases before the ECJ, namely Danfoss and AstraZeneca.

The main text of the Brief reads as follows:

The VAT rate increases to 20% with effect from 4th January 2011. HMRC have produced an excellent guide to the change, available on their website:-

The Act brings together, updates and strengthens discrimination law. In general terms, it prevents discrimination on the grounds of:

The complex rules for claiming tax relief on travel and subsistence expenditure are explained by HMRC in booklet, 490 Employee Travel. Travel and subsistence expenditure incurred by or on behalf of employees can give rise to many difficulties.

Quickbooks 2010

The are some bug issues with this software at the moment.

More ways to make your computer more secure...

SAGE 50 v QUICKBOOKS

One of the questions I have been asked many times over the years, is “what is the difference between Quickbooks and Sage, and which is the best one to use for my business?”.

...Managed Service Companies.

We at Plummer Parsons Chartered Accountants have been alerted to an attack on accountancy clients by HMRC’s specialist MSC unit based in Taunton.

We at Plummer Parsons Chartered Accountants are already hearing of examples of how HMRC’s potential approach to “False Self Employment in the Construction Industry” might turn out in practice.

They seek them here, they seek them there...

Often the options available to you to finance an asset can be confusing. Plummer Parsons accountants are setting out an overview for you on this blog.

According to the BBC, today is "Central Heating day", as on 1 October many people switch on their radiators for the winter. But the Autumn has been fairly mild and with soaring heating costs, many individuals and businesses are likely to be more prudent this year.

The word "Accountant originates from the Latin "Computare". The word was formerly written in English as "Accomptant", but gradually changed over time to its present form.

Plummer Parsons is a firm of registered Chartered Accountants and Auditors, and not only are we proud of our qualifications but we actively encourage our staff to widen their knowledge and expertise.

Here’s a simple breakdown of the meaning behind the letters: