Yours 4 A Day
Yours 4 A Day Ltd. The Working Persons Accountant

A service needed by over 4 Million Customers… what is it?

Bookkeeping of   course! “But why?” we often are asked. Well, here is the story.

All businesses in the UK are now required to keep records of their transactions which later are used by an accountant to file for tax and often VAT. Managing these transactions through bookkeeping is often the biggest headache to the small business owner and a task that is left at the bottom of the pile. What’s more, the new government is putting 50,000 new business owners to the test to check that they have their books in good order. But what if they don’t? What if YOU don’t have your bookkeeping up to date? Now there’s a question that can hurt your back pocket to the tune of up to £5,000 a go.

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Business Benefit from Budget

Businesses to benefit from Budget 2014

George Osborne’s “Budget for a Resilient UK” outlined a number of new measures, while also welcoming significantly improved growth forecasts, with the UK economy expected to grow by 2.7% in 2014.

Although the surprise announcement that the Annual Investment Allowance (AIA) for capital expenditure has been doubled from £250,000 to £500,000 will not affect most small and medium-sized businesses, those with heavy capital investment plans will be cheered and the vast majority of businesses will now get 100% up-front relief on qualifying investment in plant and machinery.

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Real Time Information (RTI) Explained

Real Time Information (RTI) for PAYE


Real Time information will improve the operation of the PAYE system by creating more up-to-date taxpayer records and making the system easier for employers and HMRC to administer.

Why are HMRC changing PAYE

When PAYE was introduced almost 70 years ago, most people held just one job for most of their life and employers sent HMRC pay and tax information annually, but many people change jobs more frequently, or have multiple employments or pensions, making it more difficult for HMRC to keep their data up-to-date.

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10 Ways to improve cashflow

Here are some pointers on keeping your business bank balance in the best possible shape:

1. Fast invoicing. It may sound obvious, but the quicker you get bills out to clients, the quicker you will be paid. A lot of companies leave invoicing until the end of the month and post out bills in bulk. Sending out bills as soon as work is completed and using email delivery is far quicker and more reliable. It also cuts out the “I still haven’t received the invoice in the post” excuse when chasing payments.

2. Make it easy for customers to pay you. Direct debits provide advantages for both you and your clients. From your point of view, setting up auto-payments takes away the time and stress of checking to see if people pay when they should, and also saves you chasing them if they are late. The client will also appreciate the convenience as it ensures continuity of service and preserves a good working relationship.

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National Insurance

Explanation -National Insurance

You pay National Insurance contributions to build up your entitlement to certain state benefits, including the State Pension.

You pay National Insurance if you’re:

16 or over
an employee earning above £149 a week
self employed making a profit over £5,725 a year (unless you get an exception)

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