Updated 27.03.2020 What an interesting and very worrying start to the year it’s been. As the threat of the new Coronavirus has got closer, many have started to fear the unknown upcoming times. Lack of confidence has led to markets decreasing and economic uncertainty. Aside from the panic buying, the business world has seemed to … Read moreHow does the Coronavirus (COVID-19) affect you? Guidance for Employees, Employers and Businesses
To some businesses, accounting is seen as nothing more than an irritant. It’s that thing you have to do every once in a while which means dropping ‘real work’ and instead burying your head in spreadsheets, invoices, and bank statements. Yuck. Despite this, implementing cloud accounting and keeping up-to-date with your bookkeeping can actually make … Read moreWhy Cloud Accounting and Up-to-date Bookkeeping Boosts Your Profits
One of the best things about modern cloud accounting software is how easy it makes some once laborious processes. Take bank reconciliation. Remember when you had to do it manually by matching hard copy bank statements with your invoices and receipts? These days, direct bank feeds make the process far easier, and Xero has responded … Read moreFirst Direct Bank Feeds Now Live with Open Banking in Xero
“Oh, I’ll just do the numbers myself.” How many times do you think business owners have muttered that to themselves only to find, six months down the line, it’s become one of the most annoying tasks on their to-do list? And annoying tasks don’t get done very often or very thoroughly. You can’t run a … Read moreWhat Exactly Does an Accountant Do?
There are many advantages to running your own business, like the freedom of being your own boss, the greater control, and possibility of lucrative rewards. But there can often seem like thousands of things you need to know to run it successfully. Paying tax, and just the right amount of tax for your circumstances, is … Read moreIs It Worthwhile Having A Company Car Anymore?
We all need to pay tax – it’s a fact of life. Despite this, it’s often painted as a bad thing and something which is littered with unfair rules and regulations. No matter your opinion on the UK tax system, there’s no escaping the fact that you’ll need to file your self-assessment by the end … Read moreWhat Are Payments on Account?