A cash flow forecast pretty much tells you how to direct your business. Just as a personal budget is important to ensure that you spend your pay check wisely, so too is the cash flow forecast for any company/business.
In today's difficult economic environment, a cash flow forecast is not only useful but critical to the success of any business. If you want to get to your goal, you need to know HOW you're going to get there and the cash flow forecast is just one means of doing so.
There are rules for enquiries into company tax returns.
If your company submits its return on time, we will normally have at least 12 months from the statutory filing date (12 months from the day on which HMRC receives the return for accounting periods ending after 31 March 2008) in which to start enquiries into the return. We may have longer if your company sends in its return late.
Also where companies think there are no reasonable grounds for an enquiry continuing, they can apply to the Commissioners to consider whether the enquiry should be closed. We can help you with more advice
Let us relieve you of the time consuming process of administering payroll, allowing you to get on with what you do best - running your business.
Our comprehensive payroll service will alleviate you of this responsibility and ensure your business complies with the relevant legislation. This include:
Administration of PAYE
If you're self-employed, you have to fill in a Self Assessment tax return every year. Each April HM Revenue & Customs (HMRC) will send you a letter telling you to complete a tax return or a paper tax return.
You'll be asked for information about profits from your business and other income that you have to pay tax on - such as rental income. This is used to work out how much tax and National Insurance contributions you have to pay. You must provide the correct information and get it to HMRC on time.
You must keep records so that you can fill in your tax return fully and accurately. The more detailed records you keep, the easier it will be to answer any questions that HMRC may have. To best get a better way round this