Small business often fall into the trap of believing that they're better off doing their own accounting than outsourcing to a specialist. It's easy to understand why, if it's just you and a few employees then surely it's quicker and easier to just do it...
VAT, the dreaded Value Added Tax, is something which can often befuddle and mystify business owners, to the point where it's worth outsourcing to a professional VAT specialist just to avoid the headaches. While VAT can be a complex beast, there are several long-standing misconceptions...
The benefits of outsourcing your accountancy requirements are well known, but in order to avail yourself of those benefits you need to make sure that you choose the right firm. Remember you're literally trusting them with your business, so it's important that any accountancy firm...
Accountancy in business is a process that's as difficult or as simple as you want to make it. Businesses of all sizes often complain about the trouble they have balancing their books, but at the same time all too often they're making one, or all,...
VAT registration becomes a legal requirement if your business is turning over in excess of £85,000. VAT registration can be done, relatively easily, online through the HRMC website. Though VAT registration is often the cause of headaches and confusion, the reality of the matter is that...
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 best...
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...