by admin | Apr 13, 2020 | Uncategorized
There is something common among every small business owner, which is, they all love money. It is only fair that we also mention the least liked task or thing by small business owners along with what they love, which is invoicing. When you are a business owner, be it a...
by admin | Apr 2, 2020 | Uncategorized
What is Bookkeeping and Why it matters? Bookkeeping generally means keeping records and keeping it organized through systematic recording of financial records of a company. This process is essential for the growth of a business, and the more robust and professional...
by admin | Mar 4, 2020 | Uncategorized
Change is not something that we should fear; instead, we should adopt, and if the difference is technological revamp, then it is a possibility that the said change is more beneficial than harmful. Talking about firms of all sizes, the technological change has affected...
by admin | Feb 19, 2020 | Uncategorized
There is an understanding in the world today regarding business practices that they should be using state-of-the-art technology and also showing some traditional value in their operations. However, in this day and age, many accountancy firms are taking that leap to...
by admin | Feb 14, 2020 | Uncategorized
Xero is a cloud-based accounting software platform for small and medium-sized businesses and has different products that are also based on the software of service. Xero has plenty of functions, but the key features of this accounting software expense claims, purchase...
by admin | Feb 6, 2019 | Uncategorized
Based on recent years HMRC will potentially issue at least 1 million late filing penalties. It is important to be ahead of the game in terms of advising clients who have failed to meet the filing obligation and to be able to address disputes with HMRC. Finance...
by admin | Jan 14, 2019 | Uncategorized
Many company owners work from home, this note looks at how you may obtain tax relief on the cost of converting the spare room, or building a deluxe summerhouse to serve as an office in the garden. A director can reclaim any expenses incurred when working from...
by admin | Jan 7, 2019 | LLP
Partnership income is computed for the whole partnership by reference to the various sources of income for each accounting period. However, the legislation also says that for each tax year in which a firm carries on a trade, each partner’s share of the...
by admin | Jan 2, 2019 | Uncategorized
A tax investigation could cost you money even if you’ve done nothing wrong. HMRC FACTS £33 Billion is the estimated tax gap between what HMRC should collect and what it does collect. £17 Billion is attributed to Small Businesses (£14bn) and Individuals (£3bn). Tax and...
by admin | Dec 27, 2018 | Uncategorized
From 1st January 2019, an EU wide change to the VAT place of supply rules will be implemented that will affect MOSS registered businesses who are established in the EU. What is changing? An £8,818 annual threshold (total value, exclusive of...
