Pension auto enrolment is in place for a good proportion of employers now but even if you have already reached your Staging Date or are about to reach it is worth being aware of these four common errors . Making incorrect deductions from your employees’ pay Incorrect set up of the pension scheme within the […]
Archives for July 2017
Meet our work experience student
For the last week our team have enjoyed the company of a sixth form student on work experience. Rosie is considering accountancy as a career and wanted to experience the type of work involved. Whilst we are not accountants we are responsible for keeping the accounts records before they are passed to an accountant so […]
Unix: How random is random?
On Unix systems, random numbers are generated in a number of ways and random data can serve many purposes. From simple commands to fairly complex processes, the question “How random is random?” is worth asking. EZ random numbers If all you need is a casual list of random numbers, the RANDOM variable is an easy […]
Plan and Prepare for Making Tax Digital (MTD)
Last week HMRC finally announced their revised plans for Making Tax Digital (MTD) after it was put on hold whilst the election process took place. Originally MTD was to be implemented for businesses over the VAT registration threshold from April 2018 but this now won’t be mandatory until April 2019. Making Tax Digital is a […]
How will artificial intelligence affect bookkeeping in 2017?
The whole profession of accounting is at the centre of a technological revolution. It’s all about the rise of the machines. Just about every aspect of bookkeeping appears set to be changed by Artificial Intelligence technologies. Just how much of bookkeeping is likely to be disrupted? More than 85 per cent, according to a forecast by […]
Outsourcing vs. Rightshoring Your Bookkeeping (The Hidden Third Option)
Most companies now realise that outsourcing bookkeeping services is a way to focus on things that really matter to them. But many are still grappling with the question of whether sending work offshore is the right choice and, if so, how much to commit to an offshore solution. Many companies find themselves devoting resources to […]
Balancing Act – Which parts of your accounting team should you outsource?
Whether you are a small enterprise struggling to keep up with mounds of paperwork and changing tax regulations or a larger corporation looking to free up valuable staff time, outsourcing makes good business sense. For those businesses looking to relieve their accounting and bookkeeping staff of the time-consuming minutiae which inevitably eats into their day, […]
How much does bookkeeping cost?
It is surprising how many emails I receive asking how much we charge for bookkeeping. I know “How much is it going to cost me” is the uppermost thought when deciding to get some outside help with something. But how can I give a price when I have no idea what is needed, what the […]
Are you nearing the VAT Threshold for 2017-18?
The VAT threshold for 2017-18 is £85,000 which means that if your business has taxable sales equal to or above this amount over a 12 month period you must register for VAT. For example if these sales from April to March total £80,000 you do not need to register for VAT but if the taxable […]