Friday, 27 September 2013

Income over £50K and receiving child benefit? Only a few days left to register

If you earn over £50,000 and have received Child Benefit Payments since 7 January then you must register for Self Assessment by 5 October 2013 to pay the charge.

To find out if you're liable, what this means to you and what you need to do see the link   for more information.

Wednesday, 18 September 2013

RTI still a learning curve         An independent bookkeeper in Reading.


This update advises that SME's are still trying to get to grips with RTI.  After setting up a new client's payroll this month I have to agree.  The Payroll run once I had obtained all relevant information was no problem as expected however when I came to do the RTI part that's when the fun started. 

This was the first time I had set up a new client halfway through the tax year so expected a few problems.  Thankfully a couple of hours later after much to-ing and fro-ing it was all up and running with HMRC finally happy.  

Can't wait to see what the next query on RTI is going to be.  Unfortunately like most things you don't know what you don't know till you need to know it. 

Monday, 16 September 2013

I could never be a luddite    Your independent bookkeeper in Reading

Having worked in accounts since the early days of computers I wonder now how we coped without them.  The first accounting system I ever used was with an Olivetti ‘machine’ that looked like a giant typewriter.

Now everyone has a computer of some sort whether it’s a desktop, laptop, notebook, tablet or smartphone. We all use them for keeping in touch with friends, colleagues and acquaintances. 

With a love of travel I’ve always subscribed to different travel companies which has always helped me decide where to visit next. The web has also helped me with two of my hobbies geo-caching and genealogy. But it’s now that I am self-employed that it has come into it’s own.

LinkedIn and Twitter regularly keep me updated with accounting events in the news as well as well as new rulings by the HMRC etc.  The Institute of Certified Bookkeepers (ICB) which is the professional body I have qualified with and other accounting bodies all have websites and forums that help me keep on top of new rulings and allow me to discuss any queries I have.  If we didn’t have computers I would be tripping over the pile of books I’d need instead. 

Being able to send information and ‘paperwork’ such as payslips, direct to a client in an instant makes my life easier and no longer can they say ‘I didn’t get the invoice’. In fact in most cases I would say the computer has improved my life greatly.

 Now if I could stop those emails telling me it’s 100 days to go till Christmas……….

Monday, 9 September 2013

You know you've made it when......

You know you've made it when your trademark is used in a generic term. 

How many of us Hoover rather than vacuum or Sellotape presents instead of using sticky tape.  That post it note we used rather than the sticky note.  All of these are trademarks that have come into general use over the years. 

The number of times I have asked for a Coke in a pub (ok not too often as its more likely to be a glass of wine) but get given a Pepsi.  If I was to ask for a specific beer by name the barman would likely say they haven't got it would you prefer xx brand. Almost did 4 there but didn't want to use another  brand name.  With Coke that never happens.  

We all Google rather than search on the web. I was surprised when googling what words were now used that are still brand names. 

That item that needs Bubble-wrapped before FedEx-ing to a client.  The kids play with a Lilo in the water before playing with their Frisbee. 

There are many more that are slowly becoming generic.  I wonder what words we will have in ten years time that are only just trademarking now.