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...
Accounting Software, Cloud Accounting / 28.06.2018
What are the best cloud-based accountancy software options?
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...
Payroll / 25.06.2018
5 payroll tips for small business owners
Payroll can be a top concern for small business owners, after all it needs to be correct and employees need to be paid on time. If your business payroll causes you major headaches any time a run is due, follow these simple tips to make...
We live in a time where most industries are undergoing massive changes. Technology is continuously evolving, globalisation is making the world increasing more connected, and companies are moving towards commoditisation. All of these factors, and more, are going to have profound impacts on the accountancy...
Managing a non-profit organisation is a challenge. Not only do executives need to ensure the organisation is making progress towards achieving their mission, but they also need to comply with growing regulatory requirements, balance the books and leverage resources effectively, amongst many other things. Yet,...
Accounting Software, Cloud Accounting / 30.05.2018
Why cloud accountancy software is good for startups
Starting up in business is an exciting, hectic period in your life when all your time and energies are focused on building up your new company. But, it's important to put good accountancy habits in place right from the outset of your startup, in order...
When it comes to running an SME, looking after your payroll is a key concern. This vital area is not only important for employees but also for your business. Mistakes made here can prove very costly when HMRC pick up on them. For many businesses,...
VAT / 16.05.2018
Common VAT myths debunked
One of the worst things you can do as a business owner or sole trader is to follow incorrect information when basically your business depends on it. However, the internet is home to a plethora of self-proclaimed ‘experts’ that are giving inaccurate advice and information....
freelancer and sole trading accounting / 10.05.2018
3 disastrous tax blunders to avoid as a sole trader
When it comes to being a sole trader, you need to have all your bases covered financially. Sole traders are held personally liable by the government which means your personal assets could be claimed in relation to any business debts. As such, no distinction is...
Accounting, Business, Saving Money, Small business accounting / 30.04.2018
6 tax saving tips for SMEs
Small business owners need to make the most of all available tax breaks, and taking utmost advantage of professional advice can help identify some of these. It's often the case that SMEs manage their own finances and don't spend enough time researching some of the...
Small business accounting, Start up business accounting, Start-Ups / 23.04.2018
Accountancy tips for startups
Starting your own business is an exciting time, but, beware, it's important to keep financial records from the very start of business operations. Failing to maintain accurate accountancy records could result in hefty fines from HM Revenue & Customs or even cause your business to...
For small and medium-sized businesses, saving money is always a priority. And, while things like reducing overheads and minimising unnecessary spend on equipment are often at the top of the agenda when it comes to finding areas ripe for improvement, assessing accounting practices can very...