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 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

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