As you may know, accountants and bookkeepers perform very different tasks. Bookkeepers are the ones managing your general ledger and insuring your accounts balance every day/week/month. Accountants are tax experts and provide higher level insight into your business. So why not just get your accountant to do your books as well? It’s not that […]

The summer holidays are in full swing and you may be wondering whether you should pay your staff while they are away on holiday. All employees and workers are entitled to paid holiday which begins to accrue as soon as they start their job.  This includes casual workers who may work one day a week […]

Being a bookkeeper requires many different skills. From the obvious passion for numbers to the everyday business requirements like dealing with clients, meeting deadlines and rescuing books from the dark ages – not to mention marketing your business and doing your own business administration and management. But one of the most critical things a bookkeeper […]

In their simplest form management accounts inform the business owner and managers (where appropriate) of the key numbers for their business.  Every business is different and whilst some key numbers are important in every business each business might like to keep track of a different aspect of their business. The majority of businesses who choose […]

Finally the month for submission of VAT returns via MTD arrived and we survived. Months and months of talking about it, reading about it and watching webinars. Then we just had to get on with it.  If you are a VAT registered business you will know by now that MTD (Making Tax Digital) has arrived.  […]

By John Dyke The journey from sole trader to small business employer includes one of the steepest learning curves for entrepreneurs. Here’s what you need to think about as you approach the problem of hiring staff. Knowing when your small business is ready to hire staff is one thing, knowing if you’re able to hire […]

1 year ago · 1 hour 13 min watch SECTION EXCLUSIVE Slides The tax landscape was, significantly, altered by the Tax Cuts and Jobs Act of 2017 (TCJA). Although the 2018 tax busy has been completed, significant tax law changes are still hot topics in media coverage. Your clients are paying attention to the news […]

Whilst we are still part of the EU VAT registered businesses which supply goods to a customer in a EU country must charge VAT at the standard UK rate.  However if that customer is VAT registered, as long as they provide you with their VAT number you can zero rate the supply.  The customer’s VAT […]

1 year ago · 1 hour 11 min watch SECTION EXCLUSIVE Slides A longevity annuity is similar in concept to an immediate annuity, but the lump sum payment is converted not to income for life beginning immediately. Unlike an immediate annuity, longevity annuity, payments may not begin until the distant future. Such a trade-off allows […]