The Financial Reporting Council is the UK's independent regulator, promoting confidence in corporate governance and reporting. They aim to promote high standards through establishing the Combined Code.

IR35 is legislation that can mean that the tax payable on income earned by "self employed" contractors is the same as that of an employee. That is not good news if you are not prepared for it. But you and some contractor accountants can quickly assess your contract for IR35 status if you know what you are looking for so it is not all bad news.

I am going to be honest. When compared to other accounting tasks, bookkeeping probably ranks as one of the most boring to do.

Uncertain of where to begin? Not sure the difference between a debt and a credit? We have got you covered on the basics of basics when it comes to bookkeeping, and understanding your debits and credits.

The expenses of starting a business are huge, and most small businesses just starting out barely get by as it is. The idea of hiring an accountant full time to handle their records is not something they can budget. Normally, the owner hires a bookkeeper who is basically the accountants right hand, with the accountant himself stepping in once a month to ensure that everything is good.

Today, a highly qualified accountant is absolutely critical to your business. However, you have don't already have an accountant that you trust, the is incredible array of accountants and firms to choose from -- now the real question for you and your business is who do you trust?

Auditors can be either internal or external to the company being audited. External auditors are independent. They have tests which they check against the financial records of the company in question, hoping to find an accurate and fair view of the profits or losses at the end of the year. Auditors help companies know exactly where they stand, functioning like a handy full-length mirror.

If you're qualified, experienced and are able to communicate that to potential employees you'll be okay but it can be a bit more challenging than the recent past. With that in mind we've put together a few short tips to make find your next audit job a little easier.

This article continues the discussion and examples of what Operational Accounting Consulting really is and its positive affects on business during these tough economic times.

This article talks about the important aspects of business as it relates to costs. Most businesses do not recognize that there is more to the cost of business to include overhead and profitability.