Bank finance articles and tips

These are the top 10 most important questions you need to know when interviewing at an investment bank. The top questions include "tell me about yourself," "why this firm," and "why banking over consulting or sales and trading."...

Selectively choose what works for your practice and get involved with whats available to you and you won't get left behind during these great changes in healthcare. Prioritize financial and management decisions and fine tune your practice for success...

...Let me know how these 7 Secrets to Success for Your Medical Practice have worked for you in your practice. Tell me what you use already, the pros and the cons of these ways, what you like and don't and if this was helpful to you. All the best to you.

In my experience the standard of record keeping in small businesses has deteriorated over the years with many business owners trying to maintain their own records but with little success.

So what is good record keeping according to HMRC? They have been quoted as saying that "An accurate record of business money in and business money out in whatever form...will be all that is needed to fulfil the record keeping obligations that the law requires. Good record keeping is essentially about diligence, not technical ability."

I always tell clients that it does not matter where and how they record their business transactions as long as it is complete and accurate. Today it should be easier with the raft of computer programmes but the adage garbage in garbage out comes to mind.

So what is the problem? Last February HMRC announced a Business Records Check programme where they are to review the adequacy and accuracy of the records kept by 200,000 small and medium sized firms over the next four years.