Are you ready for a visit from the DSS?: if you thought the worst was over after last month's visit by the VAT inspector then think again, because now Electrical Contractor deals with the Dss and this time they really are out to get you

Article Abstract:

The DSS needs to collect 131 million pounds sterling in unpaid national insurance (NI), which will involve visits to 130,000 businesses. The majority of visits will be to established businesses who may have made genuine errors without intention to defraud or deceive. Inspectors may want access to payroll records, expense claim forms, cheque stubs, petty cash, cashbooks and company credit card statements. They will want information on any untaxed payments made to individuals such as consultants or sub-contractors.

Accounting and auditing, Payroll tax

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How to tap in to free professional advice

Article Abstract:

Small companies rely very heavily on professionals such as bank managers and accountants, so it is vital to ensure that the right people for the company are selected. It is worth taking advice from business contacts, family and friends before choosing a bank manager or an accountant. Care must be taken to ensure that the professional has the relevant experience for the size of company and the particular business. It is also worth seeking help from organisations such as Business Link.

Management, Small business

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The best laid plans for the future

Article Abstract:

Business Plans are used to provide the strategy, targets and financial forecasts of a business, and are essential for any company management, whether they are used to achieve financial backing or for internal use. The methods employed to write a business plan are discussed, and courses are available from the British government such as the Training and Education Council. Sales and marketing techniques and financial analysis aspects are also discussed.

Training, Business planning, Electricians, Business plans

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