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

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 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

Sage 50cloud Payroll v27.04

The latest update of Sage 50cloud payroll is available to install. The latest release is v27.04 and has improved updates for you ahead of year end. To guarantee your year end runs smoothly into the new tax year 2022-2023 install the latest version now. The latest update also includes improvements to Sage Online Bureau and improved online services messages when … 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

What’s new in V28 of Sage 50Cloud Accounts?

Sage have released v28 of Sage 50cloud Accounts. This version brings new and improved features to the software. There are also some things you need to consider before making the switch. What’s new? A new business dashboard which is customisable so that you can choose what key business information you want to view without having to run various reports There … 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 can Satago help me with my cash flow?

If there’s something we all hate doing, it’s chasing invoices! Let’s face it, we don’t want to have to chase people for payment, it’s awkward and not a good use of our time. Satago gives you the option to automate your invoice chasing by integrating with your email. You can set up automated reminders that have that personal touch, so … Read More