Being an accountant for 50 years Hello World reprise Welcome to my hidden difference. Navigation in life and in business requires maps. It also requires skill and experience. …

United Kingdom Tax on company earnings maxes out at 62%. SIXTY TWO PERCENT. Employee tax at 45%. This table speaks for itself. It’s disclosing the tax type differences between being self-employed and running your own limited company. …

The law: https://www.gov.uk/company-director-disqualification This law is designed to protect the public interest. It is not designed to be penal. If you break the disqualification restrictions the penalty is two years in prison. Very serious stuff. Your liability is called “strict”, this means if you meet the criteria, you are guilty…

I use a spreadsheet for bookkeeping and indeed other things. This article is about understanding how this solution works, it is not about the syntax which is in the Excel help screens. My file has what I call “ledgers” each comprised of three columns: the amount of the transaction, the…

(Before we start there is also this non “volatile” solution =SUM(A$1:A10) used in column B as running total.) The problem: cumulating column totals fail when rows are copy inserted or the data is sorted using data sort. This SOLUTION was HUGE; for me. I just learned/discovered this. Using Excel OFFSET…

Limited Company Versus Self-employed United Kingdom Tax on company earnings maxes out at 62%. SIXTY TWO PERCENT. Employee tax at 45%. This table speaks for itself. It’s disclosing the tax type differences between being self-employed and running your own limited company. The take-away is there is not much difference at…

Not sure about this article. It lacks certainty about the weakness of modern accounting systems. It depends if you actually need one and where the line is. For example payment collection systems integrated to your web shop? That needs a system not a spreadsheet. The majority Apparently 60% of small businesses do…

Note, this piece is designed to be “evidence based”. This means it is necessarily longer because for each assertion or opinion I provide the authority, which means statute or court and in some cases where court over-rides or “clarifies” statute. This is not easy reading, but offers real insight into…

(The short takeaway: manage your banking etc with this in mind, merely being aware is all you need to defend yourself against unexpected undesirable outcomes. Destiny is all, take charge of yours.) We have always thought our home is our castle. At least we used to until we generally became…