Making Tax Digital: The pros and cons of bridging software

Making Tax Digital(MTD) is creeping over the horizon, and April 2019 will be here before you know it. Yet, even with the deadline looming, I’m still being asked about the best way to prepare – especially if you’re using spreadsheets. Now, in my opinion, making the switch to a fully cloud-based accounting software platform is […]

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MTD for VAT – Your questions answered

As I wrote in this blog post last year, the impending introduction of Making Tax Digital (MTD) ought to be viewed as an exciting development – and not something to be feared. All being well, it should streamline tax administration, minimise errors, and give business owners access to up-to-date and accurate numbers. And it all kicks […]

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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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