After the festive season it’s always difficult to get back into your usual routine. Once you’re in it, it will be like you were never out of it! This time last year we blogged about how to stay motivated whilst suffering from the January Blues. For some inspiration you can read that here. I’m sure that’s still a reality for … Read More
Changes to the National Living and National Minimum Wage
Your Sage 50 Payroll update should be released in February/March time. This will be a mandatory update to get the legislation changes to the National Living and National Minimum Wage. National Living and National Minimum Wage During the Autumn budget the chancellor announced that there will be an increase in both the National Living Wage and the National Minimum Wage. … Read More
Will the new business rates affect me?
On 21st October 2021 Rishi Sunak the Chancellor of the Exchequer announced the changes to business rates as part of the Autumn budget. He said that from 1st April 2022 until 31st March 2023 a new business rates relief would come into effect. The 50% relief, which is capped at £110,000 per organisation, is available for eligible businesses in the … Read More
What tax code should I use for the ICO fee?
The amount you pay to ICO for your data protection fee depends on the size of your business. They also take into consideration your turnover and business structure. This can be any amount from £40 to £2,900. Is the fee subject to VAT? The ICO website states: “No. Statutory fees are outside the scope of VAT, so no VAT is … Read More
What I need to know about plastic tax
If you’re a business who manufactures plastic packaging or you import plastic packaging then you need to be aware of the plastic packaging tax which is coming into place from 1st April 2022. The government has introduced this tax in their efforts to help the environment. However, biodegradable and compostable plastic will still be subject to the tax. The tax … Read More
Are you a visual learner?
The way in which people obtain and recollect information differs 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, retaining information better when they can physically see something in front of them. Research shows that the use of graphics, images and … Read More
How to ensure data doesn’t fall into the wrong hands
Cyber Crime and identity theft is at an all time high, we can’t stress the importance enough of ensuring that your data is protected at every stage of its journey, from the start of the data being transferred to the disposal when it’s finished with. Breaches of the data protection act more often than not only come to light once … Read More
What you need to know about the final Job Retention Scheme payment
The job retention scheme ended on 30th September 2021. Final claims for September should be made by 14th October 2021. For September you can still claim 60% of your furloughed employees wages for the hours that they have not worked. This is capped at £1,875 per employee per month. You will need to top up your employees furlough by 20% … Read More
How we interpret data
We all interpret data in our own ways. For example I’m a visual person, I would much rather see a dashboard with images and graphs than a list of text. We’re all different and where one thing works for one person, it doesn’t always work for another. Ask yourself, do you like graphs and pretty charts or black and white … Read More
Bookkeeping can be a lonely place
Many bookkeepers’ start off their bookkeeping business alone, the majority remain that way for the duration of their business, whilst others build their businesses and welcome team members. Running a business independently, and mostly from home can be lonely, I’m sure so many people can relate to this after the past year we have all been through with all office … Read More
