We regularly write articles to keep you up to date with changes that affect your growing business.
Blog
As many employees began working from home during the height of the coronavirus pandemic, they used less paid childcare, as many before school clubs and nurseries were closed. Therefore, employees who use the childcare voucher scheme will most likely have unspent vouchers in their related accounts if they did not reduce their contributions - which
Blog
Cloud accounting is simple, fast, and efficient. So why are so many businesses refusing to make the switch? In this blog, we’re going to explore just five ways cloud accounting could boost your business and help you leave competitors behind. Real time data Why spend hours a day transcribing data from notepads, receipts, and bank
Brexit
EU workers have just one month left to apply to the EU Settlement Scheme to secure the right to live and work in the UK. If you employ EU nationals, here’s what you need to know. What is the EU Settlement Scheme? European Union, European Economic Area (EEA), and Swiss citizens who lived and/or worked
Blog
COVID-19
Some 2.8 million people took advantage of the Self-Employment Income Support Scheme (SEISS) in the last year, the latest figures have revealed. The research, published by HM Treasury, provides an update on the success of the coronavirus support schemes and reflects on the impact of the Government’s Plan for Jobs. According to the figures, more
Blog
Reminder letters are being sent out to tens of thousands of UK companies explaining changes in the Making Tax Digital (MTD) system and how it affects them. HM Revenue & Customs (HMRC) is writing to more than 150,000 VAT-registered businesses who don’t hold a valid email address, explaining what they need to do to continue
Blog
It is vitally important as we come out of the year-long lockdown and hopefully into a brighter future, that businesses are fighting fit and ready to take on new challenges and opportunities ahead. In simple terms, it’s a case of knowing your numbers and being on top of your business, so you can react quickly,
Blog
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned. It comes after HM Revenue & Customs (HMRC) wrote to 100,000 non-compliant businesses reminding them of their obligations. Under the new rules, VAT-registered businesses with a taxable turnover above
Blog
April saw many businesses and individuals rushing to sort out their end-of-tax-year duties, so the next couple of months are thankfully much quieter, with fewer key dates requiring your attention. If you haven’t already sorted out your employees’ end of year P60 certificates, bear in mind that the deadline for issuing these is 31 May.
Blog
If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business. So what is the difference? This difference comes down to timing. If you record expenses
Blog
Cash flow is an important factor in running your business. Not having sufficient money coming in and having too much money going out of a company is a recipe for business failure. During times of significant economic slowdown, such as we have been experiencing during the Coronavirus pandemic, are often periods when businesses struggle with
Blog
Small and medium-sized firms could get a discount of up to 50 per cent on the costs of business software under the new Help to Grow scheme, it has been revealed. The news comes after applications to register interest in the initiative opened this month. The Help to Grow scheme – split into a digital
Blog
The stress and stigma around crippling debt has always left people feeling isolated, lonely and desperate. Financial difficulties are a common cause of stress, and the impact on people’s mental health can be particularly severe if they resort to cutting back on essentials, such as heating and eating. According to a report by the Money
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