The referendum vote in favour of leaving the European Union has left a lot of people wondering what will happen in different areas of business, tax and finance. As VAT is an EU centralised tax, this has left many businesses feeling the need for professional...
The faces in the Government might have changed but Making Tax Digital, one of former Chancellor George Osborne’s flagship policies, shows no signs of being derailed. It’s been described as the biggest shake-up in tax reporting since online tax returns were first introduced, but what...
Yes, you need an accountant for tax planning and administration - but your chosen firm can also save your business valuable money and time. Let's take a closer look: 1. Getting it right from the start A good accountant won't just deliver tax planning and administration services...
The traditional perception of an accountant is that they work with companies and individuals to ensure tax returns are filed on time and accurately. Perhaps, if you’ve watched too many films, you may also regard accountants as people that have eternally growing piles of unordered...
The ever changing world we live in brings a new set of challenges to all industries, with accountancy being no different. So what are the main focus points accountants and businesses must embrace to remain competitive? Cloud adoption The ability to access data anytime, anywhere and...
The life of a small business owner is largely centred around balancing the books and ensuring the company can survive another year. To remain on a sound financial footing, seeking advice and support from professionals is essential; but what exactly should you ask an accountant during...
The stereotype of accountants being number-loving, grey jacket-wearing, soft-spoken middle-aged men is fading fast. The sector is changing by moving with the times, and the next generation of accountants will be required to have a wider range of skills and abilities. In the past, accountancy has...
When starting a new business, hiring the right staff for your accounting and payroll department can be a difficult and daunting prospect, especially if you aren't from a financial background yourself. How do you know where to begin? How do you know whether candidates have the...
Most small business owners tend to get stressed at the prospect of an inspection from Her Majesty’s Revenue & Customs. At best, it can be an inconvenience which takes up time when you could be otherwise getting on with day-to-day business, and at worst it...
As your business grows, you must remember to register for VAT. Does your company need to do it, if so, when, and what else do you need to know about it? Here are the basics. Does your company need to register for VAT? Some companies have to...
You've just started a new business, and you've already conquered some of the more difficult problems that come with getting established. Yet now that you're ready to begin trading, you need to consider a long term approach to your accounting and staff payroll. Maybe you've so...
As the owner of a small business, there will always be some administrative work waiting on your desk, whether it’s running the monthly payroll or dealing with the end of year accounts, and often these can be left until the last minute. Rather than trying to...