Having an effectively managed payroll system is essential for all businesses. They act as records of wages, taxes and verification of contractor or freelance worker payments, and can be inspected by HMRC at any time. As such, companies must have an efficient and accurate system...
Having to deal with many employees can prove to be a difficult task. You may want to automate a few things to smoothly run your business. Cloud accountancy enables you to control how your staff accesses your company’s accounting data. It also gives your team...
Starting a new business is both an exciting time and a nerve-wracking one. You’ve taken a giant leap and it’s only right that you have a little support to get you started. At SQK Accountancy, we understand and we want to ensure you have the...
In a modern economy where competition in the market is greater than ever, firms need to take every available opportunity to gain an edge over their competition. Whilst recent trends tend to focus on previously neglected concerns, such as employee welfare and technological innovations, it...
Many new and small businesses are confused when it comes to fully understanding and working out their VAT. Below we offer some VAT advice with our simple VAT guide. What is VAT? VAT stands for Value Added Tax. This is the tax that is levied on all...
Reclaiming VAT is not difficult and is well worth doing, after all if your business is due some money back it does make good sense to reclaim it. Many business owners or finance directors think some aspects of VAT are too time consuming or tedious...
Over recent years, accountancy has seen big changes in the way the sector operates. Many clients and accountants have turned to online cloud-based accounting for the many benefits it brings. From increased security to cost reductions and offering a more efficient way to keep your...
Payroll can be a top concern for small business owners, after all it needs to be correct and employees need to be paid on time. If your business payroll causes you major headaches any time a run is due, follow these simple tips to make...
We live in a time where most industries are undergoing massive changes. Technology is continuously evolving, globalisation is making the world increasing more connected, and companies are moving towards commoditisation. All of these factors, and more, are going to have profound impacts on the accountancy...
Managing a non-profit organisation is a challenge. Not only do executives need to ensure the organisation is making progress towards achieving their mission, but they also need to comply with growing regulatory requirements, balance the books and leverage resources effectively, amongst many other things. Yet,...
Starting up in business is an exciting, hectic period in your life when all your time and energies are focused on building up your new company. But, it's important to put good accountancy habits in place right from the outset of your startup, in order...
When it comes to running an SME, looking after your payroll is a key concern. This vital area is not only important for employees but also for your business. Mistakes made here can prove very costly when HMRC pick up on them. For many businesses,...