Managing accounts is a must for every business. However, choosing a perfect accounting tool that meets all your accounting needs is a mammoth task as mostly all the tools offer similar services with few deviations. To make it somewhat easy for you to decide, discussed below are top six Online Accounting Packages (in no specific … [Read more...]
What is SAP Business One and How it can Help my Business?
Large businesses use ERP Solutions. Small businesses stick to basic (mostly free) software to manage finances, inventory, customer support, human resources, and business operations. An Enterprise Resource Planning Solution is something that a small business having 18 employees cannot use. Even if you own a medium-sized business, ERP isn’t for … [Read more...]
7 Benefits of Hiring an Accountant for Your Business
There are many benefits to hiring us as your accountant, but we thought we would keep this short with 7 reasons to hire an accountant for your business. Business owners are known to be experts in their own field or industry. These entrepreneurs tend to exercise a great degree of control over their business operations. As a result, they rarely … [Read more...]
HMRC’s Property Let Campaign
HMRC have been running a campaign since 2013 with the purpose of creating a path for individuals who have been generating income from renting properties, but have not declared this income to HMRC (Income must be declared whether you believe there would be tax payable or not), to bring their tax affairs up to date. There are many reasons why … [Read more...]
Productivity Over Payroll: The Other Side of the Coin
The bottom line of any successful organisation is the careful synergy between cost and profit. In this day and age, many companies will encounter difficulty in regards to managing a tight payroll budget while constantly trying to stay ahead of the competitive curve. In truth, the maxim “more is not necessarily better” can be applied here. In … [Read more...]
Should You Use Online or Desktop Accounting Software?
One of the most challenging operations of any growing business is finding a robust and clear cashflow management platform. This is critical, for financial responsibilities cannot be looked at in retrospect in these modern times. On the contrary, revenue trends and profit margins must be constantly measured to adapt when necessary and to help … [Read more...]
An Overview of Growth Vouchers
Due to the fact that the United Kingdom is finally emerging from what has certainly proved to be a protracted and profound recession, the economy needs to rise from these economic doldrums on a solid footing. Obviously, one of the key sectors that requires sustainable and long-term growth is the realm of small- to medium-sized enterprises. It is … [Read more...]
Should You be Sole Trader or Limited Company?
For those who are freelance by nature, the question often arises as to whether it is better to incorporate themselves as a sole trader or as a company. This is an important area to address, for not only may it affect the way that the company is viewed from a marketing perspective, but there are some very real tax implications and financial … [Read more...]
How to Register a UK Limited Company
As you are most likely aware, starting up a new company in the United Kingdom will require you to inform HMRC if it will be liable to Corporation Tax, to pay any tax that may be due and to file all returns well within a specified time frame. It should be noted that these obligations are different than the steps that a limited company needs to take … [Read more...]
An Outline of Accounting Records You Need to Keep
If you are either self-employed or a company director, it is your obligation to fill in a Self Assessment tax document. Obviously, there are certain records that you will need to keep close at-hand throughout the year to allow this process to be completed smoothly and effectively. Also, HMRC may have enquiries in regards to your previous … [Read more...]