A lot of accounting software users are not using their software to its full potential. Here are 10 reasons why investing in professional training can help you get the most value out of your accounting software and position you for success in the future. If you are a Sage 50 Accounts user and want some further help and guidance to … Read More
Wage and Salary Changes to be aware of from April 2023
The government announced in their Autumn statement that from April 2023 there will be some important changes that will affect wages and salaries. Income Tax changes The additional rate threshold for the 45% tax rate will move from £150,000 to £125,140. All other income tax thresholds will remain at the current rate until April 2028. National Living Wage and National … Read More
Are you a visual learner?
The way in which people obtain and recollect information can differ from person to person. Some find it easier to absorb information in the form of text and number whereas others (being the majority of people) are more visual and retain information better when they can physically see something in front of them. Research shows that the use of graphics, … Read More
Why you should invest in professional development
If you’re like me you’ll always be looking for ways to improve your expertise or learn new things. If you struggle to get out of your comfort zone in order to learn new things then this can really hinder your chances of either your business being successful or you getting promoted in your current role. You don’t even need to … Read More
How to gain confidence in your area of expertise
When it comes to our areas of expertise, we can often feel insecure or uncertain. We may doubt our skills or worry that others will not take us seriously. It is essential to remember that these feelings are normal – and there are ways to combat them! In this article, we will discuss how to gain confidence in your area … Read More
What makes a good bookkeeper?
Bookkeeping is something all businesses have to do. Keeping records of all incoming and outgoing transactions, and evidence of payments so that you can file your accounts and/or tax return at the end of the year is essential to your business, it’s not something you can avoid. Whether you choose to take on your bookkeeping yourself or hire a bookkeeper, … Read More
How to avoid procrastination
Procrastination can be a really frustrating personality trait that can hold you back in life and business, restricting your true potential. To be able to take action and do something about it, first you must recognise you’re doing it. What is procrastination? Some might say that procrastination is laziness, but this simply isn’t the case. Laziness is when you choose … Read More
What schedules should I prepare for the year-end?
At your business year end it’s important to have clear and concise figures that both you and your accountant can decipher. You need to understand your financial status as does your accountant, so that you can make important business decisions. You need to be able to back up, substantiate, verify or validate all of your figures that you hand over. … Read More
How bookkeepers can manage their workload more efficiently
One thing that stands out about running your own business, is being your own boss and being able to manage your own workload. No one is there to tell you what to do, you can make those decisions yourself! However, this also means that you have no one to guide and support you with your workload especially when it starts … Read More
What year-end checks should I do before sending my Sage 50 Accounts data to my accountant?
What is a year-end? The end of your business’s accounting year is called a year end. It’s a summary of how your business has performed financially over the past year. It’s not a simple process and you need the support of an accountant or bookkeeper in order to get an accurate picture to report to HMRC. Are you unsure of … Read More
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