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

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

How to be productive in 2022

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

The life of a trainer

The life of a trainer is never dull. It’s something I’ve done for about 21 years and it never ceases to amaze me how much people get from training.  It may be that clients have used Sage for decades and they just don’t see some of the features and benefits of the software. This is usually because they’re too entrenched … Read More

What I need to know about VAT for the 2022/2023 tax year

VAT wasn’t mentioned during the Autumn budget back in October. This means that for the 2022/2023 tax year the following will apply for VAT; Rates will remain the same The VAT threshold will remain the same The current VAT rates of 20% for the standard VAT rate, 5% for the reduced rate and 0% on zero-rated supplies will still be … Read More

What Sage tax codes should I use for Christmas gifts and entertainment?

Can you believe it’s that time of year again! It feels like it was only 5 minutes ago when we wrote our last Christmas blog about Christmas gift ideas! So here we are again, the festive season is upon us and seeing that we are no longer restricted to what we can do with our colleagues and clients, we thought … Read More