J Jervis Accounting

Did you ever think about how important the "secrets of payroll for small business " are? Well, did you? Did you ever imagine that there might actually be something in this "little" book? Or, did you just think that these "secrets" were made up by some "hairy book keeper" who has no idea what he's talking about?   The "secrets of payroll for small business" can prove to be very helpful to your business. So, let's get started. First, it will provide you with a very clear picture of how much money your business is bringing in. This is very valuable information to have. And, it will also show you how you can take advantage of the tax benefits available to small businesses. It will explain to you why it is so important to keep an accurate, up-to-date and current pay slip on every employee. Secondly, it will show you how you can maximize your tax benefits. In addition to the information provided above, this book will include hel...

  Payroll for small business is a hot topic. The "payroll nightmare" of the little guy is playing out like a video game in front of tens if not hundreds of thousands of small business owners. If you are considering outsourcing your payroll to an outside company, you should know that this is not the best decision for your business. In fact it could be the very thing that turns your business into a "one-shot wonder."   Payroll for small business is an incredibly complicated and intricate subject. The rules and the regulations change constantly and often at the drop of a hat. If you decide to outsource your payroll to an outside company, you risk losing or delaying payment to your employees, damaging your business reputation or even putting you out of business. This is why every company owner needs to have an honest and open discussion with their payroll company to get all the facts before making a final decision.   The very first thing that you need to do is ...

 When it comes to accounting and bookkeeping for a small business, there are two major types of accounts used: management accounts or financial accounts. The two account types share many similarities but are distinct too. The management accounts generally include: Payroll for the payroll department, accounts payable, accounts receivable, and taxes. The other type of accounts includes: Corporate tax returns, income tax returns, quarterly statements of earnings, and monthly statements of account. The accounting for a small business will cover the day-to-day financial activities of that business. The financial accounts usually include: Payroll for the payroll department, accounts payable, accounts receivable, and taxes. The other type of accounts includes: Corporate tax returns, income tax returns, quarterly statements of earnings, and monthly statements of account. The accounting for a small business will also cover the financing aspects of that business such as: Loans, leases, purch...

Keeping on top of your taxes is one of the most important aspects of running a business, but for the self-employed, taxes often fall to the bottom of the to-do list when there are so many other things that need to be done. For many people doing their tax returns, their biggest worry is making a mistake when calculating how much they need to pay and end up getting a fine later down the line. However, what people don’t consider is whether they’re paying too much tax, which in some respects is an easier mistake to make. We spoke to Jason Jervis of J. Jervis Accounting, a firm that specializes in dealing with tradesmen, to understand how people end up paying too much and what they can do about it. Are you paying too much? “Many contractors use the Contractor’s Industrial Scheme (CIS)”, explains Jason Jervis of J. Jervis Accounting. “This means that they deduct 20% off what they pay to subcontractors—like carpenters, tilers, and electricians—and give it to HMRC on their behalf.” “Although t...