Businesses and individuals with spare cash balances can maximise the interest earned on these sums by instructing their bankers to perform automatic overnight sweeping transfers between their current and deposit accounts. High street banks have traditionally offered low or even nil rates of interest on current accounts. It has therefore always been a fundamental cash…
With the speed of internet connections increasing, combined with a reduction in cost, businesses are now considering operating their key software packages ‘online’. Broadband roll-out is nearing saturation point, meaning internet useage is transforming from a variable to a fixed cost, allowing you to ‘cap’ the total spend.
Running a year end on Sage50 is something which you will probably not do often enough to remember the order of events. Let us help you: Post all transactions for the year onto Sage (it does not matter if you also post next year transactions). Reconcile all bank and cash accounts up to the year…
Under UK company law, all limited companies and limited liability partnerships must make the following business stationery disclosures: Full company/LLP name, Place of registration, Companies House registration number, Registered office address, You may also decide, for commercial reasons, to make extra business stationery disclosures, which may include: Any trade names the business operates under, The…
The length of time that business and tax related records should be kept depends upon which legislation they relate to. A brief simplified summary follows: Records Time Limits Company Statutory Registers Indefinitely Board Meeting Minutes/Resolutions Indefinitely General Meeting Minutes/Resolutions Indefinitely Details of Past Shareholders 20 Years Sealed Contracts 12 Years Corporation Tax Records 6…