DIY accounting and payroll
software limited company formation UK 
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DIY Accounting Article Directory The DIY Accounting Article Directory provides easy access to the latest articles in each of our accounting software, payroll software and company formation categories. Use the links below to go directly to main articles or select a category to see a full listing of the articles. The purpose of the DIY Accounting Article Directory is to provide our affiliate members with good quality content for their own websites. Affiliate members are welcome to copy and paste these articles to their website provided the link to DIY Accounting is maintained. Every article was written by Terry Cartwright |
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Self employed Accounting Software Self Assessment Tax Return |
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When you engage someone to work for you, you become their employer. Every employer operating a PAYE scheme must have an understanding of the HMCE payroll essentials |
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Accounting Software for self employed business in the UK that anyone self employed may fulfil to automate the Self Assessment tax return form. |
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Running a successful small business presupposes the proprietor is Jack of all Trades when in reality the truth is they are Master of One. Payroll is an essential part of business management |
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Small business accounting software UK package is written on excel spreadsheets, suitable for any self-employed business producing an excel copy of the self assessment tax return |
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Three versions of the small business payroll system are available dependent upon the number of employees, being up to 5 employees, up to 10 employees and up to 20 employees. |
Limited company accounting software UK package is written on excel spreadsheets, suitable for small companies producing automated profit & loss and balance sheet ready for submission. |
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Small Business Accounting Software Improves Financial Performance |
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Paye administration is time consuming for all small businesses that payroll software can solve by automating the pay as you earn administration |
Small business accounting software is a vital management tool to broaden the management function to include accounting and finance and improve business performance. |
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The PAYE system is a payroll administration system where employers deduct income tax and national insurance contributions from employees |
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Limited companies adopt double entry bookkeeping principles while self employed businesses may use a single entry bookkeeping system of accounting |
Top Paye Questions Answered |
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Financial Control Using Self Employed Single Entry Bookkeeping |
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Top questions and answers employers and new employers ask in administering the PAYE scheme |
A single entry bookkeeping system is an accounting practise for small business where a balance sheet is not required for financial control |
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Double entry bookkeeping is the technique employed by accountants, bookkeepers and accounting software to accurately record financial transactions in accounting ledgers |
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Deciding Between Bookkeeping Software & Bookkeeping Services |
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The essentials required of a new limited liability company formation in the UK by incorporation and registration at Company House. Tax advantages and disadvantages. |
Small business has a choice between manual accounting records and the advantages and disadvantages of bookkeeping software or bookkeeping services |
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Bookkeeping Software Spreadsheets Essential Accounting Tools |
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Registration of a limited liability company in the UK is not complex. Four documents are required to create a limited liability company. |
Accurate financial records must be kept by every business and bookkeeping software spreadsheets can satisfy this requirement |
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Every company registered in the UK must have a Memorandum of Association that defines the scope, powers and objects of the limited liability company. |
Accounting software can be sophisticated or simple bookkeeping but rarely does one go hand in hand with the other, the right choice is essential to prepare accounting records and financial control |
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The Articles of Association of a limited company set out the rules and regulations by which the internal affairs of the company are governed. |
Small business views accounting software as an administrative headache for annual tax purposes missing valuable financial opportunities |
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Directors have immediate responsibilities in regard to the newly registered company. including share certificates, statutory registers, company name and a financial control system. |
Bookkeeping is the prime stage in keeping financial accounts, Basic bookkeeping does not require high levels of accounting knowledge and experience and accountant fees can be saved. |
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Small Business Accounting Is Simple Bookkeeping Spreadsheets |
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Rules apply to dormant companies with regard to accounting documents and submission of information to companies house that needs attention even if the company has not traded |
Sophisticated accounting software is used by large business for financial control purposes while small business accounting using simple bookkeeping spreadsheet is sufficient. |
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Accounting Periods And Basis Periods For Self Employed Business |
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Business has a legal requirement to keep a set of annual financial accounts for tax purposes with rules governing the accounting year end date at which the set of accounts are made up |
Self employed business can use its own accounting period the tax position can become more complex if the accounts use a basis period rather than the standard financial tax year. |
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Solve Business Problems Before Critical With Accounting Software |
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Inadequate accounting software and financial control is like building a house on top of a bonfire and not bothering to fit a fire alarm |
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Producing a Successful Business Plan To Start A New Business |
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A business plan to obtain investment start up grants or borrowing money to fund business start up is a first step tan entrepreneur takes to start a new business |
Annual investment allowances are introduced to the UK tax system from April 2008 replacing the first year capital allowance and also heralding a reduced writing down allowance from 25% to 20%. |
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The financial section of a small business plan is crucial in converting the business plan to show a profit and loss account and cash flow liquidity |
Answers to frequency asked questions by self employed businesses regarding tax matters and which expenses are allowed for tax purposes and which are not. |
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Small business and especially a new start up business is dependent upon the personal qualities and abilities of the small business entrepreneur |
A practical tax guide for the self employed to legally keep the tax liability to a minimum |
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The best defence in these days of the credit crunch is to introduce and monitor cash flow liquidity at the earliest stage of which stock levels and inventory control can be crucial elements. |
Vat registration threshold limits, vat flat rate schemes, vat cash accounting schemes and vat annual accounting schemes |
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Cash flow management is a critical business area every business must get right to survive. Finding the business and capital investment are crucial areas to be managed effectively |
The Corporation Tax Return consists of Form CT600 and the annual financial accounts and statements supporting the tax calculation. |
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Debtors and creditors are major areas to address to ensure sufficient liquidity and working capital to survive the credit crunch and continue in business generating profit |
Capital allowances section of the self assessment tax return form requires self employed understanding of the tax system applied to fixed assets |
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Late payments and bad debts cause liquidity and cash flow problems which can force a business into insolvency. |
Every business starting up in the UK must register with the Inland Revenue within three months and complete the self assessment tax return each year |
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Preparing a working capital cash flow forecast can be an effective business tool in identifying adverse liquidity trends within a business at the earliest stages |
Accounting records are required to complete the self assessment tax return with income and expenditure being entered against specific box number |
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Setting the price at which a business sells its products or services is one of the most crucial decisions a business must make |
Mileage allowances are approved rates at which anyone using a private vehicle for business journeys can claim tax free expenses for that journey |
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Employees using their own vehicle for work and business journeys can claim tax free through mileage allowance tax relief for previous six years |
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Employee Or Self Employed Status Could Cost Thousands |
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An employer who has doubt over status of a worker being an employee or self employed may face potential serious penalties if the status is changed |
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The latest seasonal government spin from the Inland Revenue. They having a laugh or what? The season of goodwill is over. Taxi taxing season has arrived. |
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Taxi driver accounts package suitable for both taxi and courier / van drivers to produce their own accounts and generate an excel copy of the self assessment tax return form |
This guide covers the vat registration, vat threshold limits and accounting for value added tax and submitting the quarterly vat tax return online |
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Taxi drivers who employ a taxi accountant may not be at risk of under claiming capital tax allowances which is not always the case when drivers who prepare their own taxi driver accounts |
Up to date accounting records are required by all vat registered businesses and may contain common errors and misunderstandings which can cost the business dearly. |
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How an affiliate can make money with two tier affiliate program by setting targets, ensuring quality relevant content, optimising and driving traffic with link popularity |
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