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 […]
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 […]
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 […]
You might think an app is the domain of major brands and big businesses. You might think your SME will have a hard time muscling in on the home screen of your target customer’s smartphone. And with over 2 million apps on Google Play, and another 2 million on the Apple App Store, you might […]
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, […]
At some point in your business life, you’ll need to work with an accountant. But with such a huge number of different accountancy firms out there, offering an increasingly similar range of core services, how do you know when you’re found the accountant that’s right for you? What’s the real unique selling point to look […]
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 […]
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 […]
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 […]
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 […]
