Hiring 101: Understanding Your Responsibilities
As your business grows you’ll probably need to increase the size of your team by hiring people. PAYE The UK operates a system called PAYE (pay as you earn), this means that employers are responsible for deducting tax from their employees. This means that if the...
How to keep your records effective
Why keep your records effective? One of the main reasons you have an accountant is to produce a set of accounts and the associated tax work. A set of accounts is essentially a summary of the income and expenditure in your business as well as its assets and liabilities...
GDPR – Everything you need to know
The internet has changed the world. A thief is no longer required to hold a bank at gunpoint to loot money. They can connect to the internet, hack databases and steal more money than they could probably ever find at their local bank. For a long time, consumers and...
4 Reasons Why You Should Be Working with An Xero Accountant
In this constantly developing world, along with technology, even accounting has made its headway! And that’s certainly partly down to the creation of outstanding cloud accounting software like Xero. Not only does this software simplify and automate the accounting...
Taxes: Everything You Need To Know About When To Pay Them
Running your own limited company can have some serious tax advantages compared to working as a sole-trader or being in employment. However, having to hand over money to HMRC to cover a tax bill is always a painful experience. It can be a little bit easier if you’re...
6 Useful Tax Tips For SMEs
Nobody enjoys paying taxes, right? Well, that may be so, but unless you’re happy to see yourself behind bars for many years, you’ve got to accept the fact that it is just part of life (and certainly part of running your own business), so it’s best to just get on with...
Get your banking and cashflow sorted out
Bank Accounts We can’t stress enough how important it is to have a separate bank account for your business. It simplifies so many things when it comes to your records and will save you hours of time in the long run. This means that you only put business income and...
How to Ensure You’re Prepared When the Tax Man Visits
HMRC Investigation – Those are two words that fill most people with dread, even if you do everything in your power to follow the rule book to a T. Honest taxpayers, with financial records on a tight rein, really have nothing to fear… but nonetheless, the prospect of...
How to Choose An Accountant That’s Right For You
The right accountant will become a trusted partner of whom you can depend on, who can offer the best advice and guide you past any obstacles that present themselves as your business grows. So, as far as starting and growing a business is concerned, these are the...
6 Things Every SME Needs to Succeed
In this increasingly competitive world, there are lot of entrepreneurs who succeed, but along with that comes a lot of entrepreneurs that fail too. To launch a successful small and medium sized enterprise (SME), there are certain requirements that need to be met in...
9 Surprising Facts About Accountants We Bet You Didn’t Know
Do you picture accountants as stern, pen-wielding, suit wearing people who get all their kicks from crunching numbers? Perhaps you think they aren’t too much of a laugh and are more than a little dreary, too. But hey, we have news for you if that’s the case, because...
Everything You Need to Know about Abridged Accounts
Similar to the Holy Bible, the UK’s Company Law too has got its new testament. As per ‘the new regulations’, small companies have been instructed to not file abbreviated versions of their accounts. But there is still a lot of confusion and speculation surrounding...