With the advent of cloud accounting and advances in accounting technology, the landscape of the accounting industry has undergone vast changes - including the skills an accountant is expected to have. So what are the essential accounting skills for 2017? 1. Accounting for knowledge New developments in...
The days of Excel spreadsheets and piles of papers are over. With the introduction of cloud accountancy software, businesses are progressing into a new era filled with more accurate data and more manageable finances. Even the government is supporting the introduction of cloud accountancy with...
Accountancy has seen some significant developments over the past few years, some of them hand in hand with technology. Our own organisation has endeavoured to select the most effective of the new technologies available to us, for the benefit of our clients. But which trends...
Every employer in the UK, no matter what size they are or what business sector they operate in, must comply with new pension legislation. The government has created new laws to ensure that everyone saves for their retirement throughout their career – relieving the burden on...
Theresa May has vowed not to increase VAT, but has not ruled out increases in either income tax or national insurance should the Conservative Party win the upcoming general election. The Prime Minister has also indicated she may scrap the 'tax lock' which promised no increase...
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...