Selecting a new accountant doesn’t have to be a challenge. All you need to have is a firm idea of what is best for your business. Whether you’re a small business that is growing quickly, or a larger firm that needs a breath of fresh...
Whether you're deciding to start up a new company or you've been going a few years, it's likely that there are countless times you have considered hiring an accountant to assist you in the multitude of complex legal issues that you could face. If you're...
Whether or not you should hire an accountant or use accountancy software is a big question a lot of people ask in business, especially when they're just starting out and trying to minimise costs. Here we run through the benefits of both to help you...
Accounting is a key part of being self-employed. If you get it right you will save money, ensure you meet your tax obligations, and save time. To help you achieve this, here are four accountancy mistakes to avoid if you're self-employed. 1. Mixing personal and business...
From 1st April, 2017, a VAT flat rate of 16.5% will apply to limited cost traders. As a result, the VAT owed by affected businesses will rise from this date. Businesses affected will continue to charge customers 20% VAT. How will the new scheme work? VAT paid to...
Maybe you have just realised you need an accountant. Or maybe your current accountancy firm isn’t delivering. Either way, when you’re a startup business it is essential to ensure you are working with the right accountants. You need to know that the people you are working...
If you’re a new business that is under the VAT threshold, you may be thinking about whether you actually wish to be voluntarily VAT registered. It is a decision that a lot of small businesses face and the decision is, of course, yours. Some companies...
Getting your payroll right isn’t as easy as it sounds. Many small businesses make regular payroll mistakes that can cause a massive headache. Here are a few of the mistakes we have encountered at SQK Accountancy, and how you can avoid them. Failing to pay...
Chances are you're well equipped to know what an accountant does. From VAT advice to VAT registration, payroll to end-of-year tax returns, there's a lot that you can gain from hiring an accountant. But when you hear the words 'cloud accountancy', it can feel a...
HM Revenue and Customs (HMRC) has admitted that the UK’s freelance and self-employed community are likely to have to fork out an extra £280 a year on their tax reporting costs in order to keep up with their impending quarterly digital reporting regime. As part of...
When it comes to selecting an accountant to take care of your finances, the choice can be a little overwhelming and this can sometimes cause businesses to make the wrong decision. A good accountant should deliver on their promises. They should be able to make...
If you've not yet finalised your personal tax affairs for the 2015-16 financial year, time is certainly running out to prepare and submit your tax return to HM Revenue and Customs (HMRC). The deadline for online tax returns to be submitted for the 2015-16 financial year...