Technology is becoming so advanced that we don’t always use our software to its full potential. It can be difficult to comprehend exactly what your software is capable of. It can become so time consuming investigating the ins and outs of your software and if you’re not careful it can potentially hinder your experience and create even more work for … Read More
Sage 50cloud Payroll Bureau v27.1 is now available
Sage have announced the release of Sage 50cloud Payroll Bureau v27.1 and it’s now ready for you to download and install. Later this week it will become mandatory to complete the update and you will not be able to access your software until you have installed this latest 27.1 update. We advise on updating your software as soon as possible. … Read More
Don’t ignore the elephant in the room
Do you often ignore the elephant in the room? Pushing complex tasks to the bottom of the pile hoping that they will go away? It’s easy to push tasks like this aside. If you find yourself doing this on a regular basis then it might be worth establishing the reasons behind putting more difficult tasks to one side. Is it … Read More
The History of a Trial Balance
A trial balance is probably much older than you would expect, in fact it dates back to 1458! It’s fascinating that we are still using this process over 500 years on. It was originally believed that Fra Luca Bartolomeo de Pacioli also known as Luca di Borgo after his place of birth, Borgo Sansepolcro, Tuscany, was the first to describe a trial balance … Read More
Should I employ a Bookkeeper or hire a Freelance Bookkeeper?
Setting aside time to do your accounts whilst running your own business can be tricky. When first starting out you may be inclined to take on the duties yourself in order to save money. Of course this is fine in the short term, but once you start to get busy, you will find it even harder to make the time … Read More
Beware HMRC fraud! Our insiders account…
Fraudsters are becoming more imaginative in their ways of scamming people out of their money. It’s unfortunate to say that there are so many scams doing the rounds, and HMRC are aware that their name is being used to convince people to hand over their money. According to UKfinance.org in 2019 criminals managed to steal over £1.2 billion through fraud … Read More
Pressures on Financial Services throughout the COVID-19 Pandemic
These are strange times that’s for sure, and Accountants and Bookkeepers have really felt the pressure of the added stress that they have faced since the beginning of lockdown. Businesses have faced financial strain from the impact of the Coronavirus and as a matter of urgency they were turning to their Accountants and Bookkeepers for help and advice. Although great … Read More
What is a PAYE Settlement agreement, and when do I need to pay it?
A PAYE Settlement Agreement (PSA) is an agreement with HMRC which allows you to make a one off payment annually, to cover all Tax and National Insurance due on; Minor, Irregular, Impractical expenses or employee benefits. Therefore you do not need to; Put them through your payroll Include them in your year end P11D forms Pay Class 1A National Insurance … Read More
Do you know about the changes to VAT with GoCardless?
Until April of this year, GoCardless have been exempt of charging VAT on fees, but following on from the government’s announcement in April of this year, that VAT will need to be charged on all fees for supplies, it meant that GoCardless were required to charge VAT on all of their fees. Due to the COVID-19 pandemic GoCardless made the … Read More
How to choose the right bookkeeper for your business
A bookkeeper offers a vital service for your business. They save you time and money, giving you the freedom to concentrate on your area of expertise! But how do you choose a bookkeeper? There are many things to consider when taking on a bookkeeper; Attention to detail and problem solving The most important part of a bookkeepers job is attention … Read More
