by Neil O'Brien | Jan 13, 2017 | Accounts, management
EBITDA (pronounced “ee-bit-dar”) stands for Earnings Before Interest, Taxation, Depreciation and Amortisation. Yes it is a bit of a mouthful in long form but the concept is vital when comparing business performance and also looking at business valuation....
by Neil O'Brien | May 27, 2016 | Accounts, PAYE & NI, Payroll, Tax
The first steps towards making tax digital is easy, change your systems. Moving your accounting systems to the cloud By moving your accounts to the cloud you not only making the compliance of Digital Tax easier, you are also putting the key numbers that you need to...
by Neil O'Brien | May 6, 2016 | Accounts, Our News, PAYE & NI, Payroll, Personal Tax, Tax
What is an overdrawn directors loan? Quite simply this is when a director has taken more money from the company than they were entitled to take via salary and/or dividends Why does an overdrawn directors loan account cause a tax issue? The amount could be treated as a...
by Neil O'Brien | Jun 19, 2015 | Accounts, Our News, PAYE & NI
Auto Enrolment We all know how much of a pain RTI is. Yet another thing that we have to remember to do, to be compliant. All because Her Majesty’s Revenue and Customs wanted to track the taxes that should be collected as people move from job to job. Every employer...
by Neil O'Brien | May 29, 2015 | Accounts, Costs, Individuals, management, Our News
Bankruptcy Right now, if someone owes you more than £750, you can petition the courts to make them bankrupt. This is great for SMEs who are generally owed a lot in much smaller amounts. But it was announced recently that bankruptcy changes will come into effect from...
by Neil O'Brien | May 22, 2015 | Accounts, management
I teach entrepreneurs about the importance of knowing their numbers. Frequently during these seminars I am asked what is the most important number to monitor. And my answer is always cash. There is an adage in business finance ‘Turnover is vanity, profit is sanity,...
