Just a quick reminder that the VAT rate increased again today from 15% back to 17.5%. Make sure your bookkeeping program is adjusted to reflect this. If you need any help in adjusting your program please ring me on 0800 047 0731 or use the contact page on the website. To work out the VAT from a total amount, you must use again the fraction 7/47 – [private_basic]an awkward but necessary piece of maths!
Meanwhile, most business people are still enjoying the Christmas break and maybe some are considering doing some planning for the year to come. Thinking about your business and what you are going to do this year to make it bigger, better, more profitable and generally more successful. This time last year I offered a free planning report and all the information in there is just as relevant now as it was last year. Please go and download yourself a copy of this report and use it to plan your business strategies for the coming months.
I would like to take this opportunity of wishing you all a very happy new year, and with the help of the planning report I sincerely hope 2010 is the most successful year in your business’s history.