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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It’s time to act on pensions auto enrolment!

As we mentioned back in October of last year, the clock is ticking if you’re not yet ready for the changes to workplace pensions. So I make no apologies for returning to the area of auto enrolment, which for many small and medium-sized enterprises (SMEs) will become a very significant reality during 2016 or very […]

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Changes to the taxation of residential property tax

Do you own and let property? If so, there are a number of changes coming up that you need to be aware of. The way your rental income is calculated is changing – and, more importantly, so are the deductions you can make from your rents for income tax purposes. These changes include: An increase […]

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Dealing with change: building flexibility in your business plan

Even the best laid plans of mice and men can sometimes go awry. Planning is an integral part of good management, but you never know when an unexpected roadblock will be thrown in your path. When you’re running a business, there are an infinite number of variables than can change over the course of your […]

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