Consumer Credit Licences- payments for goods and services by instalments

Under the Consumer Credit Act 1974, most businesses that provide goods and services on credit, lend money or provide debt services to consumers need to have a consumer credit licence (CCL). Also, Businesses have been required to hold a consumer credit licence if they spread their charge over more than four instalments. Some  IAB  Accredited Training Providers offer interest free

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Advice & Tips: The benefits of using credit application forms

As tempting as it is to get straight down to business with a brand new client, asking them to complete a credit application form can help you ascertain if they are a credit worthy organisation to do business with. This helps reduce risk considerably before you agree to giving them 30 days credit. In any walk of life, if you

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Profitability versus liquidity

This post has been produced by B  J Harford FCCA, FIAB, Principal at Woodgrove Tutorials Woodgrove Tutorials is an IAB Accredited Training  Provider. Their  Principal, Brian J Harford FCCA is an Award Winning qualified Accountant with 36 years teaching experience in Bookkeeping & Accounts including 17 years as a Part Time Lecturer at the London Metropolitan University (formerly Guildhall University) For

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Former IAB student, Sandra Silk, explains how IAB qualifications have helped her build her business

Sandra Silk is a former IAB student who achieved several IAB manual and computerised bookkeeping and payroll qualifications. She set up her now thriving Bookkeeping business in Salisbury, Wiltshire. She explains how her IAB qualifications have helped her build her business. “The IAB qualifications gave me a thorough understanding of bookkeeping and payroll through each level and the exams were

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Bookkeepers urged to alert clients to start planning for automatic enrolment

Bookkeepers have been urged to alert their employer clients to start planning for automatic enrolment in good time to avoid the risk of enforcement action. The compliance and enforcement bulletin published recently by the Pensions Regulator shows that the total number of employers fined for failing to comply with their workplace pension’s duties reached more than 169 by the end of

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Share prices quoted in the Financial Press

This post has been produced by B  J Harford FCCA, FIAB, Principal at Woodgrove Tutorials Woodgrove Tutorials is an IAB Accredited Training  Provider. Their  Principal, Brian J Harford FCCA is an Award Winning qualified Accountant with 36 years teaching experience in Bookkeeping & Accounts including 17 years as a Part Time Lecturer at the London Metropolitan University (formerly Guildhall University) For

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The Pensions Regulator – Key media messages: January 2015

January key fact: Around 100,000 employers will receive letters in the next three months telling them they have one year to go before their staging date. Source: The Pensions Regulator: January 2015  Automatic enrolment: Look out for a letter from The Pensions Regulator The Pensions Regulator will be writing to all small and micro employers over the coming months to

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Knowing your rights: Applying daily interest & compensation can act as a useful deterrent to repeat offenders

When an SME is looking to recover debt, daily interest can accrue for each day your invoice remains outstanding along with a compensation fee – without getting lawyers involved.  Acting out of a matter of principle, it is an effective way to successfully manage your business cash flow. The interest rate is calculated by taking the Bank of England’s base

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IAB backs micro business support day

The IAB has thrown its support behind #MicroBizMattersDay, when business people around the world are being encouraged to give nine minutes of their time to help owners of micro businesses and the self-employed. Organised by micro business self-help community Enterprise Rockers, the event takes place on January 9, 2015. “We are asking everyone to give nine minutes, day or night,

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