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 ÂŁ1.2 billion through fraud … Read More

What’s New (and what’s disappearing!) in v27 of Sage 50 Cloud Accounts?

It’s out with the old and in with the new for v27 of Sage 50 Cloud Accounts. After listening to their customers’ requirements Sage have made some exciting changes to Access Rights and a new improved Sage ID service will be introduced from March 2021. As well as implementing new features they have removed features which were reported to be … 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

Why has Making Tax Digital (MTD) been introduced and what are the benefits?

HMRC are aiming to become one of the most digitally advanced tax administrators in the world. They have made significant changes to the way our tax system works to make it more efficient, effective and less complex in order to achieve this. The HMRC carried out live pilot testing in order to prepare for MTD. They invited some businesses to … 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

Are you utilising automation within your business?

Technology is evolving at such an incredible pace, it seems to pick up momentum and just keep revolutionising. It’s crucial for businesses to embrace the change in technology and utilise it to their advantage to ensure the running of an efficient business. The introduction of automated processes has had a massive impact on processes and procedures within organisations. Automation can … Read More

Coming in 2020 TWO Sage 50Cloud Payroll year end updates

Come and join our support community of Sage 50 Payroll Users on Facebook for tips and advice. This year the Government have announced that the Budget will be issued later than usual on 11th March 2020. Due to this Sage (UK) will be releasing two Sage 50Cloud Payroll updates. The 1st update will be released in February 2020, which will … Read More