Meet our team of qualified and experienced bookkeepers who keep our clients’ accounts up to date, meet their VAT deadlines and provide them with the support and advice they need to maintain and grow their business. Photo courtesy of Fx92 Photograph Karen Anne Ruth […]
Pension Auto Enrolment is on the horizon for small businesses
There is no avoiding pension auto enrolment if you are an employer. The fines are significant if you do not comply. Even if you are the only employee and director of the business there is still action you need to take. We launched our Auto Enrolment Administration Service to our payroll clients last week […]
Can anyone process payroll?
Yes. Anyone can, but it doesn’t mean they get it right or understand it! The team who process payroll for our clients have a recognised payroll qualification and don’t just rely on using payroll software to do the calculations. Being able to calculate payroll manually has been invaluable on occasions. If the software doesn’t produce […]
When should I register my new business with HMRC?
HMRC guidelines have changed for registering your business with them. Previously you had three months to register before being subject to a penalty for not registering within this time but now HMRC ask you to register as soon as possible or by 5 October in your business’s second tax year. You will not receive a […]
Are you a sole trader?
From April 2015 your liability to pay Class 2 National Insurance Contributions (NICs) as a sole trader or self employed person will be assessed annually when you submit your self assessment tax return. Payment will be made at the same time as your payment for tax and Class 4 NICs. In April HMRC sent […]
Do I need to use accounts software?
There is a vast array of accounts software available for keeping your accounts which can be overwhelming if you don’t know what you need to do or the best way of doing it. When you set up a business you need to record your trading income and your trading expenses. This is basic accounting […]
Our top tips for taking on your first employee
If you are thinking about taking on your first employee there are some things you need to do Calculate how much it will cost you – you must pay your employee at least the minimum wage. NEVER offer a net salary, ALWAYS offer a gross salary as that is what it will cost you plus […]
How much tax will you have to pay for 2014-15?
Business owners who are sole traders will probably have an accounting year which ended on 31st March. This date is in line with HMRCs tax year which ended on 5th April. If your accounting year ends on 31st March you should now be putting together and finalising your accounts for the year so that your […]
A bookkeeper will add value to your business
As a business owner do you really want to spend your time doing your accounts or would you rather be doing or selling what your business is about? Bookkeepers take care of the detail and will become a valued member of your team. You may want to do everything yourself, especially if you are a […]
Are you prepared for VAT MOSS?
VAT MOSS, otherwise known as VAT Mini One Stop Shop, is HMRCs online service for declaring VAT on sales to consumers in EUR countries (B2C but not to VAT registered businesses). From 1st January 2015 all businesses supplying digital services either had to register for VAT in each of the EU countries it supplies or […]