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As a responsible business owner, there are accounting practices you should observe and a few that you shouldn’t. Here are thirteen accounting practices you should never do. We list them here. Please browse our site to find the full article. 1. Misrepresent Financial Affairs; 2. Not keeping accurate and complete records; 3. Borrow Payroll Tax Money; 4. Mixing business and personal accounts; 5. Not upgrading your accounting or payroll software; 6. Presumption that financial records are only for tax purposes; 7. Turning over complete control or responsibility of finances to an accountant; 8. Not protecting accounting information; 9. Using Cash Accounting; 10. Maintaining two books of account; 11. Letting trade receivables balloon beyond their due dates; 12. Not making adjustments to reflect current market conditions; 13. Lending to employees. To view the full article on this subject, please type 'tax mistake' into the search box, below to the right and select the article.

Money saving ideas abound on the internet at the moment. We recommend the MoneySavingExpert site by Martin Lewis. The recent dip in house prices, and increasing inflation in consumer items, fuel, and food all place an increasing burden on businesses and household funds alike. Never has there been a better time to manage your finances as tightly as possible. You can shop around for deals on remortgaging at Moneyfacts.co.uk and at Moneysupermarket.com. Note that arrangement fees vary by hundreds of pounds, and the rates vary substantially. Check your credit rating online at Checkmyfile.co.uk . Note that life assurance is usually cheaper if sourced independently from your mortgage provider. Save on gas and electricity here at Uswitch. Food costs vary: check them out here. Know the cheapest petrol in your area? Find out exactly here. Insurance deals vary alot and you can find out about insurance deals at MoneySavingExpert here.

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Welcome to Northern Accountants

Written by Web Master
Sunday, 27 January 2008
Please check back soon for an update. Contact us via the contacts page.
Last Updated ( Sunday, 27 January 2008 )

VAT thresholds

Written by Administrator
Wednesday, 07 July 2004
VAT Threshold What is VAT? Value Added Tax (VAT) was conceived and legislated to simplify taxation. A flat tax rate is added to the outputs of a business, payment of which should be remitted to the Commissioners of Customs and Excise.
Last Updated ( Sunday, 27 January 2008 )
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Too much distance between us?

Written by Administrator
Monday, 12 April 2004
Distance? Is it a problem? If it’s not a problem for you, it’s not a problem for us. We have clients based all over the UK, from London to Carlisle, their location and accounting requirements all differ but the one thing they do have in common is that our service is right for them. Modern Technology today allows us to send and receive information freely and securely. The use of the internet and email enables vital information to be viewed simultaneously anywhere in the world. Telephone and video conferencing means the benefits of verbal communication are not lost. We at Northern Accountants are happy to travel to regular meetings with you or on your behalf but we do not guarantee to be available at the drop of a hat. What we ask is that you use us because we meet your needs and not because we meet your budget. If you and your business can handle the reduced volume of face-to-face communication then we could well be the accountants for you. Phil
Last Updated ( Sunday, 27 January 2008 )

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