As an employer you will generally need to operate the HM Revenue & Customs (HMRC) PAYE system in order to collect the income tax and national insurance due via your payroll operations. If everybody that works for your business earns less than £116 weekly, you...
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Any business with a turnover in excess of £79,000 will need to register for VAT purposes, businesses under this threshold can also register for VAT on a voluntary basis. There are three VAT accounting systems in place, so choosing the best system to suit your...
Much like your photos, your documents and your music, accountancy too is moving to the cloud. This is a common choice for companies around the world since cloud accountancy is internet-based, doesn't require complex software and is easily accessible from all kinds of devices. Here...
Accounting / 15.03.2018
Accounting tips for bloggers
Many bloggers are unaware of the accounting that is required for their business, which leads to the inevitable panic at tax return time! To help avoid this, we are outlining the fundamental concepts that bloggers should be aware of: Tax registration If you are new to blogging...
VAT / 12.03.2018
Common VAT mistakes to avoid
VAT can be a time-consuming and confusing task. When trying to run a business, getting to grips with all aspects of VAT can be a bit of a nightmare. With that in mind, read on to discover some of the most common VAT mistakes businesses...
Cloud Accounting / 20.02.2018
Why cloud accountancy is the future
When something comes along which fundamentally changes the way people think, it can lead to hesitancy and scepticism. This is what has happened with “the cloud” as it’s commonly known, where data and software are held on remote servers. A better way of accounting With cloud accountancy,...
Finance Law / 13.02.2018
GDRP and the importance of security
Hardly a day goes by without an article appearing in a national newspaper detailing a data leak, some kind of digital security flaw, or the latest cybercriminal activity to be on the lookout for. Taking care of important and sensitive documentation can be a complicated...
Get your financial planning right, and you can ensure the longevity of your business. Decisions are based on sound knowledge and research, and performance maximised through efficiency and clarity of direction. Get it wrong, and it could spell disaster for your company. Basic financial planning...
When running a small business it is important to get the finances right. Many small business fall short because of mistakes and commonly these relate to accountancy, VAT and import or export duties. Following these 5 key accountancy tips will help you to keep your...
freelancer and sole trading accounting / 19.01.2018
3 ways to simplify your bookkeeping as a sole trader
Bookkeeping and accountancy are dirty words to a lot of sole traders. You’re already putting a huge strain on your time and effort to keep your business afloat without having to worry about managing your cash flow. Though bookkeeping may seem daunting when you’re self-employed,...
If you’ve had a good year trading as a sole trader in 2017 then it might be time to look ahead and consider registering as a limited company in the 2018-2019 tax year. There are accountancy benefits to registering as a limited company but it...
2018 is here, so it's time to get organised and ready. There is nothing worse than an overflowing bag of receipts or piles of bank statements that seem like they're never-ending. Take control so your 2018 is less stressful in the office than your 2017....