Tel: 01270 619955 Email: accounts@mercerandco.com,
Mercer & Co, Beam Heath Way, Nantwich, Cheshire, CW5 6PQ

Useful accounting, tax and business Information

These infosheets have been written to act as a useful reference library of the typical questions we find we are asked most often.

The advice provided within these infosheets are written as a general guide only. For this reason, you should seek our professional opinion before acting or relying upon this generalised advice.

Your specific circumstances may warrant a different approach to the one set out in the infosheets, and once we possess all the facts we will be better placed to give you specific advice on the best way forward.

accounting

Infosheet name
Description
VAT bad debt relief How to reclaim VAT on debts that have gone bad.
Sole-trader year-end checklist A list of the books and records a sole-trader should prepare at the end of their accounting period.
Guide 1: An introduction to book-keeping An introduction to basic book-keeping conventions.
Guide 2: The Nominal Ledger The role of the nominal ledger in an accounting system, and its relationship to the trial balance and the financial statements.
The accounting records you need to keep A comprehensive review of the accounting records you need to keep, and how you should go about recording each kind of transaction you are likely to meet.
Company year-end checklist A list of the books and records a company should prepare at the end of their accounting period.
Partnership year-end checklist A list of the books and records a partnership should prepare at the end of their accounting period.


business

Infosheet name
Description
Managing bad debt Even the smallest of enterprises can help minimise the risk of bad debt by just using undemanding credit control techniques.
Strategic planning for small businesses A simple way of planning to become more profitable next year.
Bad debts How to account for bad debts.
Sales invoice design tips A few tips on invoice design, and the disclosures you are legally obliged to observe.
The insolvency process An overview of the various kinds of insolvency processes for individuals and companies.
Improving your sales techniques Some tips on how to improve your sales techniques.
Letterhead design A summary of the details you are required to disclose on your business stationery.


tax

Infosheet name
Description
The basics of IR35 explained An explanation of IR35 and the new tax regime for personal service companies.
Self Assessment What you need to collect during the year in order to complete your personal tax return.
VAT: Exempt and zero-rated supplies A summary of the various different types of non-standard VAT rate supplies.
State Pension Forecast Instructions on how to obtain a State Pension Forecast for your retirement, based on your National Insurance contributions paid to date.


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