freelancer and sole trading accounting

10 May

Posted at 17:22h in Accounting, Business, Cloud Accounting, freelancer and sole trading accounting, Small business accounting, Start up business accounting, Start-Ups, VAT by
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Setting up an enterprise from scratch can be an exciting time for those with entrepreneurial intentions. However, such an endeavour includes a wide range of new responsibilities. If you have previously worked as a Pay As You Earn employee, you’re likely used to your firm managing...

18 Apr

Posted at 17:52h in Accounting, Accounting Software, Cloud Accounting, freelancer and sole trading accounting, Payroll, Small business accounting, Start up business accounting by
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One key element of small business accounting that is often not explored until the last minute is payroll. It's a defining moment in any small business when you go from being a solo trader to a business with employees. Even one employee can present difficulties when...

10 Apr

Posted at 16:35h in Accounting, Accounting Software, Bookkeeping, Business, Cloud Accounting, freelancer and sole trading accounting, Small business accounting, Start up business accounting, Start-Ups by
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Most businesses rely on financial statements to understand the financial health of their outfit. It's using statements that businesses gain indications of profitability, liquidity, and solvency of the enterprise. However, the statements are only as good as can be verified from reconciliation. Reconciliation is all about connecting...

02 Apr

Posted at 06:58h in Accounting, Business, Cloud Accounting, freelancer and sole trading accounting, Making Tax Digital, Small business accounting, Start up business accounting, Start-Ups by
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Accounting is an important subject for all business owners, especially as it’s often considered the “language of business”.   Here are some of the main things to consider to help your business grow and remain profitable. 1. Separate personal and business expenses Just as it's important to keep your...

13 Mar

Posted at 09:50h in Accounting, Bookkeeping, freelancer and sole trading accounting, Making Tax Digital, Small business accounting by
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As a sole trader, the cost of anything necessary for running your business can be considered an expense. That means you'll pay less tax and keep more of your hard-earned money. Understanding how to handle expenses is important to ensure you pay the right amount of income...

06 Mar

Posted at 21:32h in Accounting, Business, freelancer and sole trading accounting, Limited company accounting, Making Tax Digital, Small business accounting, Start up business accounting, Start-Ups by
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Small businesses are key to the whole UK economy - be it in Manchester or anywhere else in the country. Due to the nature of these companies, they do not always have large numbers of staff to handle every task or huge departments to focus on...

30 Jan

Posted at 20:53h in Accounting, freelancer and sole trading accounting, Self Assessment, Small business accounting, Tax penalties by
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Accountancy is very important when it comes to running your own business. A major part of this is completing annual tax returns to HMRC and quarterly VAT returns for VAT registered companies. It goes without saying that getting the right figures in these returns is key,...

17 Jan

Posted at 16:24h in Accounting, Bookkeeping, Business, freelancer and sole trading accounting, Self Assessment, Small business accounting, Start up business accounting, Start-Ups by
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Small businesses are the backbone of the UK economy and crucial to the overall success of the nation. It is not always easy to set up and establish a thriving small business, however, and there is lots for any entrepreneur to think about in 2022. One...

11 Jan

Posted at 09:49h in Accounting, Accounting Software, Bookkeeping, Business, Cloud Accounting, freelancer and sole trading accounting, Making Tax Digital, Small business accounting, Start up business accounting, Start-Ups by
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SMEs represent the hidden key to the UK’s financial health and economy. That’s why it’s so vital that SMEs are equipped with qualified and experienced accountants going into 2022. The financial trend is moving more firmly towards cloud accounting and offering more support to SMEs after numerous...

02 Jan

Posted at 12:12h in Accounting, Business, freelancer and sole trading accounting, Making Tax Digital, Payroll, Self Assessment, Small business accounting by
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The UK government announced that National Insurance Contributions for employers, employees and the self-employed would increase by 1.25% from April 2022. SMEs in the UK will need to be aware of what this means for them, so we have broken down the key considerations in this...