New graphical views of your business account

We are please to have released the first in a series updates that will help our clients visualise their business vital stats.

When viewing your bank statement on Tempo you'll see a new "Graphs" icon in the top left.

This displays your funds in and out on the account as both a "balance" line graph and a "cash movement" bar chart.  The latter is a good way to spot those big bills hitting the account.

Please use the blog or our facebook page to let us know what visuals would make a difference to the way you understand your business.

HMRC steps up pressure on SMEs

You may have noticed posters such as the billboard below or radio and online adverts that have sprung up in all sorts of places this November.  HMRC have launched a campaign declaring they will "relentlessly pursue those who don't pay all the tax they owe, from financial penalties to criminal conviction".



Small and medium sized companies would appear to be a target for HMRC investigation,  an extra tax yield from compliance investigations jumped by 39%  last year.  HMRC themselves have stringent targets to meet and revenue from investigation into small companies goes a long way to meet this.

In addition to traditional areas such as PAYE and VAT it appears that HMRC are looking more closely at less obvious areas such as corporate entertainment and employee benefits such as company cars, private healthcare or company subsidised fuel costs.

By choosing Tempo Accounting you know you'll have the support you need.  If you have any questions regarding the types of expenses your business should be claiming or you have a general query regarding company tax then please get in touch.