If you are taking on people to help you in your business you need to know whether they will be a worker or an employee. Worker and employee are two different statuses of employment and each have different rights which a business owner or employer should be aware of. So how do you distinguish between […]
What do bookkeeping clients really value?
[embedded content] Do you ever wonder how to communicate value to your clients or even wonder what do bookkeeping clients really value? I wanted to share with you my big aha moment when I understood what my clients really value. It happened a couple of years ago when one of my employees left the company […]
Webcast: Addressing your clients’ tax and planning needs after tax season
1 year ago · 1 hour 51 min watch SECTION EXCLUSIVE Slides Be ready to address clients’ tax and planning needs. Post-tax season is the perfect opportunity to discuss the impact on all aspects of your clients’ financial lives. In this webcast, Bob Keebler, CPA/PFS will discuss: Lessons learned from tax season Estate, tax, retirement, […]
Starting your own bookkeeping business – The first steps
Some of you may recognise our interview subject for today. Michael Westerberg was once the recruitment manager here at First Class Accounts, working as part of our Head Office team. Michael helped people start their business journey. He helped answer their questions and guide them on those nerve-wracking first steps to business ownership. Michael loved […]
Making Tax Digital Update
HMRC have this month updated their Notice 700/22 relating to Making Tax Digital. The update shows that bookkeeping entries can be made much more simply than was previously described. For example, previously it was expected that every purchase invoice be entered into the accounts even if a single payment was made based on the amount […]
Podcast: Taxes and Investment Planning
Matt Rosenberg, CPA/PFS discusses the impact of taxes on investment planning and answers the questions: What are the major tax considerations practitioners should take into account when providing investment advice? When do capital gains need to be carefully considered? How do investment losses best serve a good tax plan? How important is asset location? Is […]
How to Choose a Payroll Schedule for Your Small Business
As a small business owner, determining the ideal time to administer payroll may sound simple in theory. But the reality is that your payroll schedule must take into account a number of factors including: state regulations, cash flow needs, overtime rules, and the types of workers or contractors you hire. Simply put, you should not […]
Are you considering taking on your first employee?
If you want to grow your business at some stage you will need to take on your first employee. It can be daunting because there are many things you need to consider. But once you have taken that first step you are on your way to developing your business. So what things do you need […]
Webcast: Is your tax practice future-ready?
1 year ago · 57 min watch SECTION EXCLUSIVE Slides Be ready to take the next step in addressing your clients’ tax and planning needs. Your individual, family, and business owner clients’ needs are changing, and they need you now more than ever. Now that the rush of tax season is over, you can turn […]
Keep VAT simple
Some businesses do not want to become VAT registered because they think it is too complicated to do VAT returns. It is quite straightforward especially now that VAT returns can be submitted directly from your accounts software. Here are some tips for keeping VAT simple and getting it right. Sales Ensure you include all the […]