There is little doubt that payroll is one of the most essential areas within a business that employs staff. Not only will your employees not be happy if their pay is late or incorrect, but it is vital in terms of your legal responsibilities. Correct...
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VAT / 06.12.2017
Why you should seek VAT advice
Taxes and VAT are a nuisance that every business owner has to deal with. While paying taxes is an accepted part of life, having to spend time and money working out how to pay taxes can be beyond frustrating. It is, however, worth taking the...
If you have just set-up as a freelance worker then there is no doubt it is an exciting time. The ability to work in a career you love and the flexibility it brings is superb, as is the chance to say goodbye to that morning...
Bookkeeping / 21.11.2017
3 superb book-keeping tips
For any company, a key consideration lies in ensuring accurate accountancy for your business. Registering with HMRC along with making sure you maintain excellent business records to complete your tax return are essential. Most businesses will use an accountancy firm to do this as it...
Setting up as a sole trader means that you will become responsible for your own accounts, taxes and books. For many this is an unwanted side effect of turning self-employed, but it is vitally important that you get it right. Failing to manage your accounts...
VAT / 07.11.2017
A Guide to VAT MOSS
You may have come across the term VAT MOSS if you run a company that provides services online. In this blog post, we will reveal exactly what it is, as well as details on VAT registration for MOSS. What is VAT MOSS? If you supply certain digital...
The world of accounting is full of stereotypes – most of them outdated and redundant – that give a false impression of what accountants do and where they can add value to companies. The films and TV shows would have us believe that accountants are...
VAT / 16.10.2017
Common VAT Mistakes
Even if you have a clear system for monitoring VAT administration, and staff trained to use it, in reality, you are susceptible to slip-ups, especially at times of pressure. Errors can slip through that could be insidiously costing your company money. Worse still, you could...
freelancer and sole trading accounting / 09.10.2017
What business expenses are tax deductible as a sole trader?
If there is one area around accountancy as a sole trader that can seem complicated, it is which expenses are tax deductible. Most sole traders will find this area tricky to navigate when completing their tax return for the year. In a very simplified form,...
If you are fed up of spending vast amounts of time sorting financial paperwork and battling with a slow computer, cloud accounting could streamline your accounting process. Not only will your accounting be much more simple, you will also be far more up to date...
Payroll management is absolutely vital for any modern business. As with any accounting task, however, it’s important to ensure you steer clear of the main pitfalls associated with managing payroll. Here are the main mistakes to avoid: Misclassifying employees Modern businesses can be complicated, especially agencies. It’s not...
VAT / 18.09.2017
VAT challenges for a growing business
Rapid growth in any company is something that most business owners would want to be associated with. Ultimately it means you're doing something right, but it can also throw up its fair share of challenges. Businesses undergoing rapid growth will need to acknowledge that they...