Making tax digital – the need to move your bookkeeping online

The digital revolution is not just something that’s just affected our personal lives – it’s also had a profound effect on the business world, with more and more businesses being run ‘virtually’ in the cloud and basing their financial systems around an online approach to doing business. And this move to digital finance is something […]

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Cheaper Auto-Enrollment

The time is upon us. Workplace pension auto-enrollment is happening. And your small business needs to have registered within the next 2 years. The harbingers of doom of two or three years ago were quick to advise that it would be nigh on impossible for businesses to obtain auto-enrollment in a timely fashion, as many […]

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Sorry, Cloud Accounting Won’t Solve All Your Problems

To Make the Most of the Cloud, You Need to Get Organised First. A messy stack of papers. A jumbled box of receipts. A neglected, error‐strewn spreadsheet. If this sounds like your current financial recordkeeping system, then making the switch to a cloud accounting platform won’t suddenly transform your small business into an accountant’s dream, […]

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How Do You Work Out What To Charge?

One of the questions accountants are often asked by their clients is “how exactly do you reach a figure for the fees you charge?” In the good old days, we charged by the hour. This was fine, apart from the fact that no­one knew just how long the job would take! And you wouldn’t believe […]

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Budget 2016 Overview

When the Chancellor of the Exchequer George Osborne stood outside Number 11, red box in hand, ready to deliver his Budget to Parliament on Wednesday the 16th of March 2016, many of us were wondering just how it would impact our lives, our business, and the wider economy. There came a pledge to guide the […]

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Are you ready for the changes to small business legislation?

Identifying your Persons with Significant Control and preparing a Confirmation Statement As a small business, you’re no doubt fed up with the ever-changing nature of business legislation. But the Small Business, Enterprise and Employment Act is a change in the law that you really do need to pay attention to, as it’s going to have […]

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Getting more value from your accountant’s fees

One of the perennial questions I get asked by clients is how accountants work out their fees. From their perspective as a business owner, accountant’s pricing models can seem confusing – and that’s not good for their customer experience To resolve this confusion, more and more accountants have moved over to fixed-fee pricing for compliance […]

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The advantages and limitations of cloud accounting

Over the past five years or so, online accounting software or ‘cloud accounting’ has seen a huge rise in popularity. A recent survey commissioned by the Federation of Small Businesses found that 37% of respondents used cloud-based accounting solutions. Cloud accounting has become the way many businesses record their financial transactions and the way forward […]

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