One of the key concerns if your company employs staff is running payroll. This is important for a number of reasons and something you must not only do on time each month but also get right. If not, your employees will not be paid on...
Anyone who is self-employed knows that accounting and tax are very important considerations. When it comes to tax, all self-employed people need to complete a self-assessment return each year for HMRC. This tells the Government what you earned, how much profit you made and enables...
As a small business, we’re sure you’ve got a lot on your plate when it comes to finances. While it's always best to invest in a reliable accountant, there are some areas that may be more suited to accounting software. One such area is payroll....
The world of work is a fast-moving place and this is more true than ever when you consider how people work now. Freelancing has really grown over recent years to become a popular career choice. When you look at the freedom, flexibility and chance to be...
Being a sole trader has a range of benefits – not only do you have a lot of freedom when it comes to the type of work that you accept, but you can also work on a more flexible schedule. Saying that though, there are certain...
Payroll has always been a problematic concept for businesses, largely due to the complex nature of the work and how easy it is to make a mistake. Thanks to innovations in cloud-based accounting software, payroll can be accomplished in a much more convenient and less error-prone...
Cloud accounting can be an excellent approach to accounting for many businesses, as it migrates all of the manual accounting duties into an online portal. We're going to take a look at whether or not cloud accounting is right for your business by looking at what...
Whether it is in terms of small business accounting or accounting for larger limited companies, payroll is a key piece of the pie. It is hugely important for any business which employs staff and is something which you must get right. In simple terms, it involves...
A lack of capital is often a death knell for small businesses, which makes it more important than ever to keep on top of your finances. Simple mistakes could prevent you from getting the income and support you need to survive. Here are just a few...
Accounting software has been a crucial tool for businesses for quite a while now, offering a host of features that traditional bookkeeping can't offer. From real-time reporting to automatic tax returns, accounting software streamlines a lot of the laborious accounting processes for small businesses, start-ups, sole...
Working as a sole trader is often a unique experience, but from an accounting perspective, you need to do much the same as any other business. This means keeping hold of your business records to accurately pay taxes. Although often thought of as self-employed individuals, the...
When starting a business, many entrepreneurs envisage outsourced accountancy as something to think about later down the line. They think this for a number of reasons; whether it's the perception that small business accountancy is easy enough that they don't need help, or that they simply...