View VAT Errors Can Be Costly But They Can Be Mitigated

VAT Errors Can Be Costly But They Can Be Mitigated

VAT has been subject to the ‘new’ penalties regime since April 2009. The aim of this regime was to encourage tax payers to take their VAT affairs seriously by penalising careless and deliberate errors. If an error occurs despite reasonable care being taken, then no penalty is usually due. This is a very subjective test…

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View What Is Happening At Work?

What Is Happening At Work?

The EFM Efficiency Of Employment Survey reveals low staff efficiency rates with employees spending only 55% on the job they were employed to do. Can employers afford to be counterproductive in these harsh economic times? According to survey results released by e-Financial Management, employees in finance roles are spending only 55% of their working hours on…

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View How To Grow A Business Successfully

How To Grow A Business Successfully

Pressures on cashflow, staff costs and evolving legislation now force SMEs to critically assess how to fulfil their business objectives without compromising the bottom line and bank balance. The Financial Director magazine gets Chartered Accountant Gary Jesson to talk about how to successfully grow a business and what issues to look out for. Read the…

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View Who Needs To Understand Finances?

Who Needs To Understand Finances?

It’s not just accountants and bankers who need to deal with spreadsheets, numbers and the financial aspect of a business, as most business owners soon find out. As an owner or director, you will inevitably have some form of financial recording-keeping, reporting or analysis to perform, sometimes as a pre-requisite to achieving some other business…

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View I Need To Understand My Finances!

I Need To Understand My Finances!

It’s not just accountants and bankers who need to deal with spreadsheets, numbers, and the financial aspect of a business, as most people soon find out. As a director, manager or an individual with strategic responsibilities, it is likely that at some point, you will have some form of financial recording or analysing to perform…

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View ‘Brand’ New EFM Website!

‘Brand’ New EFM Website!

EFM is excited to launch its brand new website with exciting new features for clients, partners, our ever expanding team and the public. The new site allows companies to source useful financial information and tips to help grow their business effectively and offers free tools to help evaluate certain investment decisions. For businesses that have never…

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View How To Start a Business Successfully And Manage The Start Up Stage

How To Start a Business Successfully And Manage The Start Up Stage

Starting up a business in the current climate can be challenging, however harsh market conditions can also create opportunities for those with a well thought out, funded and researched business idea willing to enter the market. The Financial Director magazine gets Chartered Accountant Gary Jesson to talk about starting up a business, seek for funding…

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View Turn A Business In Decline Around

Turn A Business In Decline Around

Business owners and managers should be aware of the following key signs that you might indicate help from a turnaround specialist is needed: Regular trading losses, declining cash balance, loss of a major trading contract, escalating costs, overdraft constantly over limit, arrears with VAT/PAYE/NI payments, declining sales and rising stock levels, customers taking longer to pay,…

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View Plan A Successful Exit

Plan A Successful Exit

Building a successful business from start-up to sustained profitability is no easy feat, especially in the current economic climate. There are no short-cuts or absolute guarantees when building a thriving business. But there are successes, which come from a combination of careful planning, hard work and working with the right team. After investing significant amounts…

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