Terry Cartwright - Articles

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Successful Entrepreneurs Need Personal Qualities
The success of every small business and especially a new start up business is dependent upon the personal qualities and abilities of the small business owner. Some skills and abilities are more important than others to an entrepreneur but rarely are all qualities are required and invariably some are essential to start your own business and make it a success. Read
By: Terry Cartwright | 27/01/2008 | Business
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51

For Small Business Accounts Read Bookkeeping Spreadsheets
There is a major difference between sophisticated accounting software used by larger businesses for financial control purposes than is required for small business where a simple bookkeeping spreadsheet is sufficient. Read
By: Terry Cartwright | 27/01/2008 | Finance
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57

How To Avoid Vat Inspection Problems
Trained vat officers inspect company accounts on a regular basis and know exactly the types of errors likely to be uncovered. The article explains how to avoid problems by keeping accurate accounting records and the most common mistakes businesses make. Read
By: Terry Cartwright | 16/01/2008 | Taxes
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An Introduction To Registration And Accounting For Value Added Tax
Value added tax is the tax amount added to the value of goods and services by a vat registered business when sold or transferred. Vat is not charged by businesses that are not registered for vat. This guide covers the vat threshold, accounting for value added tax, registration and submitting the quarterly vat tax return online. Read
By: Terry Cartwright | 14/01/2008 | Taxes
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67

Accounting Periods And Basis Periods For Self Employed Business
Accounts are required each year for tax and financial control purposes with preset dates by which those accounting records must be submitted and penalties for failure to deliver on time. While in the UK self employed business can use its own accounting period the tax position can become more complex if the accounts use a basis period rather than the standard financial tax year. Read
By: Terry Cartwright | 13/01/2008 | Taxes
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52

Save Money With Small Business Accounting
Every business is required to keep a set of financial records to enable those accounts to be submitted and the tax payable calculated. Bookkeeping is the prime stage in keeping those books and at its most basic level does not require high levels of accounting knowledge and experience and accountant fees can be saved. Read
By: Terry Cartwright | 11/01/2008 | Business
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82

How To Set A Selling Price For Your Product Or Service
Setting the price at which a business sells its products or services is one of the most crucial decisions a business must make. Setting a selling price too low throws money away while setting a price too high loses sales volume and inhibits growth. Read
By: Terry Cartwright | 11/01/2008 | Sales
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56

Cash Flow Early Warning Signs Are Critical When The Credit Crunch Bites
Preparing a cash flow forecast can be an effective business tool in identifying adverse liquidity trends within a business at the earliest stages. Of particular importance during a credit crunch when cash flow is tight the cash flow forecast can indicate where positive action is required before those warning signs become critical. Read
By: Terry Cartwright | 11/01/2008 | Finance
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50

Solve Business Problems Before They Become Critical With Accounting Software
Running a business and ignoring or having inadequate accounting software is like building a house on top of a bonfire and not bothering to fit a fire alarm. Many small businesses run into difficulties sooner or later, it is a fact of business life. Timing and how those crises are dealt with are critical to both the success and in some cases survival of the business. Read
By: Terry Cartwright | 10/01/2008 | Business
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52

Getting Paid On Time And Debt Recovery When The Credit Crunch Bites
Making sure customers pay on time within the terms and conditions of the business is a serious issue and critical in days of a credit crunch, Late payments and bad debts cause liquidity and cash flow problems and in the most crucial cases can force a business into insolvency. Read
By: Terry Cartwright | 10/01/2008 | Management