Cloud Accounting

06 Jun

Posted at 05:54h in Accounting, Bookkeeping, Cloud Accounting, freelancer and sole trading accounting, Self Assessment, Small business accounting, Start-Ups by
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Cloud-based accounting software is growing in popularity due to its compatibility with remote working, reducing admin workloads and making paying taxes online so much easier. With all of its benefits come some drawbacks and risks too, which is the case with all new technologies. Here, we...

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...

24 Apr

Posted at 19:37h in Accounting, Bookkeeping, Business, Cloud Accounting, Small business accounting, Start up business accounting, Start-Ups by
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2022 has not been the best year so far for most businesses. Businesses are still struggling with the effects of the coronavirus pandemic, which led to less foot traffic, low spending among consumers, and the current employment crisis. When these were starting to be well managed,...

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 07:08h in Accounting, Business, Cloud Accounting, Finance Law, Limited company accounting, Self Assessment, Small business accounting, Tax penalties, Year End Accounts by
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If you run a private company in the UK, you must prepare two documents at the end of the financial year: Statutory annual accounts and a Company Tax Return. HMRC puts various deadlines in place for both of these documents. In most cases, they relate to...

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...

11 Jan

Posted at 10:01h in Accounting, Accounting Software, Bookkeeping, Business, Cloud Accounting, Making Tax Digital, Small business accounting, Start up business accounting, Year End Accounts by
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Cloud accounting refers to the process of moving traditional accounting online - more specifically, to the cloud. It can do everything that traditional accounting does but uses third-party APIs so that businesses can make better and easier use of their finances. Cloud accounting is especially useful...