Most Recent
How do I pay HMRC?
We often have clients contacting us to request payment details for HMRC, but we need to be mindful that emails can be intercepted by fraudsters. This type of scam is very common, so be wary of receiving bank details from anyone via email. Instead, always get the...
Benefits of targeting underserviced markets
Underserviced markets are groups of customers or potential customers who have unmet or underserved needs, problems, or preferences in your industry. Identifying this can be a game-changer They may be overlooked, ignored, or underserved by your...
How to take care of employee’s financial wellbeing
In the current economic environment, many businesses are acknowledging the profound impact of employee financial wellbeing on overall productivity and job satisfaction. How to help your employees feel secure about money A cornerstone of this effort lies...
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XERO & OTHER TECH
How to avoid common bookkeeping mistakes
Solid bookkeeping is essential in every business. Not only is it important for compliance purposes, but it lets you see exactly how much cash you have coming in and out of your business. It means you can make strategic decisions based on accurate assessments of your...
How reliable is my Xero bank feed?
As a small business owner, Xero is your financial hub. The cloud-based accounting software offers control and clarity over your numbers, helping you manage your cash flow, identify opportunities and forecast what’s on the horizon. Xero is a brilliantly intuitive tool...
What should I do to save tax in 2023?
At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs and see where you can save tax in 2023 before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA...
VAT AND TAX
Should small businesses still use the VAT flat rate scheme?
The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to calculate VAT and prepare returns compared to normal VAT accounting. The thresholds for using (£150,000 pa) and exiting the scheme (£230,000 pa)...
How do I give my accountant authority to deal with HMRC?
You’re ready to say goodbye to the burden of doing your own business taxes. We’re here to make your life easier and give you back the hours spent on financial admin. However, before we can do that, you’ll need to officially authorise your accountant or us as your VAT...
Should employees reimburse their employer for private fuel?
Should employees reimburse their employer for private fuel? The table below sets out the HMRC advisory fuel rates that apply from 1 June 2023. These are published quarterly these days due to the volatility in petrol and diesel prices in recent years. Where the...
BUSINESS ADVICE AND TIPS
Benefits of targeting underserviced markets
Underserviced markets are groups of customers or potential customers who have unmet or underserved needs, problems, or preferences in your industry. Identifying this can be a game-changer They may be overlooked, ignored, or underserved by your...
How to take care of employee’s financial wellbeing
In the current economic environment, many businesses are acknowledging the profound impact of employee financial wellbeing on overall productivity and job satisfaction. How to help your employees feel secure about money A cornerstone of this effort lies...
How to manage winter sickness absence in your team
Many businesses are encouraging their employees to return to the office after years of remote working. This can be a struggle, particularly as the cold and flu season gets underway in October and November. As winter approaches, businesses face the annual challenge of...