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 […]
Archives for 2017
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 […]
Why Do Clients Stay?
In my blog last week I wrote about the varied reasons why clients leave. This week I thought I would consider why they choose to stay with us and on reflection I think it is probably for similar reasons to those that I have for staying with the individuals and companies who support our business: […]
Its sad to say goodbye
I have been a bookkeeper for quite a few years now and it is always sad when you have to say goodbye to a client. As a bookkeeper I am trusted with confidential financial information and often become the first port of call for running through new ideas or sharing business issues. Every business owner […]
Have you registered with HMRC?
If you are earning income from a business activity you must register with HMRC as self-employed (also known as being a sole trader) and submit a self-assessment tax return annually by 31st January each year. A business activity includes: Regularly selling goods to make a profit Making items to sell for a profit Regularly selling […]