Moves to push a 50p a month broadband tax through Parliament before the general election sparked fury last night. Stephen Timms, Treasury minister in charge of the Digital Britain plan, yesterday revealed he will introduce the law in the next Finance Bill. Mr Timms said: “It is vital for jobs and growth that Britain has [...]
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Sidney
Cyprus, in the eastern Mediterranean, takes its name from the Roman word for Copper and is a delightful Island southeast of Greece and south of Turkey. This holiday, which was in June when the temperatures were rising for Summer, came about as a last minute booking. I was speaking to my friend late one evening, [...]
The Financial Year End. Each and every Limited Company trades for a period of One Year, this can be of 12 Calendar months or 13 ‘Lunar’ Months, a ‘Lunar’ Month consists of Four weeks only, at the end of which it has to present a ‘Set of Accounts’ to H.M.R.C. and Companies House. As an [...]
The Nominal Ledger. This is a collection of individual accounts in which the Income and Expense, including the Operating Costs, of the Company are recorded and which provides an overview of the activity of the Business. It is also from this Ledger that the Trial Balance and the Final Accounts of the Company are prepared [...]
The next thing we look at is the ‘Month-end’, a lot of companies ‘close’ their accounts at the end of each month, this is purely an accounting exercise so that the Director(s) and the Accountant can see how the company is progressing and what measures, if any, need to be taken. It is also helpful [...]
We now come to the Cash Book. This is where you record the Receipts of monies due to your Company (or Employer) from your Clients and the Payments of monies due to your Suppliers. If you are ‘controlling’ the Cash Book then you should receive all cheques, and perhaps cash, which are monies due to your [...]
To start with the ‘Purchases’, all Invoices which you receive from Suppliers should, where possible, be entered in date order into the ‘Purchase Day Book’ showing Date, Supplier, Invoice number followed by the Amount, V.A.T. and the Net amount extended in to a column headed for that type of expense, or into a ‘Sundries’ column [...]
Book-keeping, the trade I learned at the tender age of 18 when I joined a London firm of Chartered Accountants who were prepared to train me as an Audit Clerk. In the three or four years I was with them I learned a lot about keeping records and working with detail and accuracy, something which [...]
An island in the Eastern Mediterranean roughly south-east of Greece and South of Turkey. It is an island filled with conflict from the Cypriots, Greeks, Turks, and British then back through the Venetians, Knight’s Hospitallers, Romans and Phoenicians to the Greeks and Turks! I am staying with friends on the Akrotiri Peninsular and the Lady [...]
