Blog
What a bookkeeper says about managing cashflow
Managing cashflow effectively is critical for the survival and growth of your small business. It’s about planning and controlling the money coming in and out of your business. This ensures you have enough cash to cover your expenses and avoid becoming insolvent. Let’s...
VAT facts for small business owners
A Bookkeepers guide to understanding VAT Value Added Tax (VAT) is a significant part of the UK tax system. If you run a VAT-registered business, you’re required to charge this tax on most goods and services, which you must then report and pay to HMRC. Basically, you...
Choosing your bookkeeping software
How to find the best option for your business. In today’s fast-paced and competitive business environment, having the right tools and systems in place is crucial for success. One tool that can be overlooked is bookkeeping...
Changes to filing Non-MTD VAT returns in Xero
HMRC introduced the first phase of Making Tax Digital nearly two years ago. They have now announced that non-MTD VAT submissions via software providers will not be supported from April 2021. This means a change to filing non-MTD VAT returns via Xero. What’s changing...
Covid 19 Help for Business. How to make a Payment Plan with HMRC
Cash is king in business and it will keep your business alive when we do not know what’s around the corner. Coronavirus has impacted business in an unprecedented way and HMRC have set up dedicated Covid 19 business support. How to Defer Payments to HMRC To help...
7 Tips to Better Bookkeeping
1. Be consistent with setting time aside to do your accounts If you can, set the same date every month to sit down and get your bookkeeping and accounts in order, for example choose the 6th working day to look at the last calendar month. The bookkeeping process...
How to create a HMRC Government Gateway account
Your Government Gateway Account is also known as your Business Tax Account and it is an essential for any business to be able to operate in digital times. Having access to your taxes will reduce your stress and inefficiency and help your bookkeeper to help you with...