1/4/2010 POSTED BY BJW
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15/3/2010 POSTED BY BJW
Employers do not usually know how an employee’s PAYE code is made up – it’s just a number. However, with HM Revenue & Customs’ acknowledging a systems glitch last month causing many codes to be incorrect, employers may wish to remind their employees of the need to check their codes, query any discrepancies and not assume that they will be right.
Three common errors that have been identified by HMRC are where:
- a previous employment stopped some time ago but a coding notice is nevertheless sent for that employment (which presumably denies the taxpayer those allowances against earnings in a new job until the mistake is corrected);
- two notices have been sent from the same employment (e.g, where the employee has two payroll records that HMRC cannot differentiate); and
- code BR or D0 is issued for a continuing employment or pension.
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20/11/2009 POSTED BY BEN
On your quest to find a bookkeeper, you shall come across different means that shall seem equally enticing and fruitful, but not all of them shall assure you about hiring the best bookkeeper for your business. Whats then, the deal?
First, lets see why you need a bookkeeper. Its vital to keep track of the financial data of every business; the taxman doesnt like us leaving the details to chance. Thus, someone is needed to be in charge of the books dedicatedly; this person, unless with sufficient amounts of training and experience, shall not be able to get the job done properly. However, that way we are talking about the bookkeeper perse; finding whom can be quite a bit of a challenge. Therefore, knowing what to look for among the prospective candidates is paramount.
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15/11/2009 POSTED BY BEN
I remember an accountant in Chicago telling me: Accounting is not about mere figures; its the art of analyzing and interpreting data to make it respond correctly. The above statement is enough to make a person catch the idea what an average accountant in Chicago means; however, there are different types of accounting services that Chicago accounting firms and individual accountants provide.
Industrial Accounting: These are limited only to single firms and an accountant works under a single employer in return for a fixed salary.
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