Employment Allowance is increasing to £5,000

If you are in receipt of the Employment Allowance the good news is, that it’s increasing from April 2022. The maximum Employment Allowance is currently £4,000 but from April 2022 it will be increasing to £5,000.  Businesses who are eligible for the allowance will be able to claim more against their secondary Class 1 National Insurance liabilities. This means if … Read More

National Living & Minimum Wage rate changes from April 2022

If you are currently paying your employees the National Minimum Wage (applies to those of school leaving age) or the National Living Wage (for people under 23) then you need to be aware of the changes coming into place from 1st April 2022. 23 and over For people aged 23 and over the minimum you can currently pay them per … Read More

Income tax and personal allowance in 2022/2023

If you’re using Sage 50 Payroll or Sage Business Cloud Payroll, the legislation tables and settings in your software will update either automatically or if you install the update. From 8th March 2022 installing this update became mandatory, meaning you can’t access your software until you do the update. In the Spring budget last year it was announced that thresholds … 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

Help to Grow: Digital Scheme

As part of the Government’s plan to try and rescue as many small and medium sized businesses as possible from the impact of the pandemic, they have introduced the Help To Grow: Digital Scheme. By introducing this scheme they are hoping to encourage the growth of as many businesses as possible. In order to support businesses to invest in new … 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 does an accountant want?

Whether you’re a bookkeeper or a business who deals with their accountant directly it’s important you understand what they need from you. Some accountants will do the bookkeeping all the way up to year end accounts, but the majority concentrate on year end, leaving the preparation of accounts to the bookkeeper.  I have a 12- Steps Year-End course which shows … Read More