on 30-May-2018

Xero Vs QuickBooks

In online accounting software, there are undoubtedly two big names out there - QuickBooks and Xero. Both offer payroll, invoices, transactions, bank feeds and much more so how do you choose which accounting software is best for your business? To help, we’ve summarised ...

on 23-May-2018

GDPR is here!

  What is the General Data Protection Regulation (GDPR)? After more than four years of discussion and negotiation, GDPR was adopted by both the European Parliament and the European Council...

on 23-May-2018

Five tips for choosing an accountant

 Five tips on choosing an accountant Choosing an accountant can be a tough and lengthy task. A good accountant is one you can trust, depend on and who offers you advice and guidance that will help your business grow. Here are a few tips to help with...

on 27-Apr-2018

The Basics of Business Forecasting: Why business forecasting is key

  Where many businesses go wrong is by confusing budgeting with forecasting but the two are very different. While a budget is set in stone, a forecast should be changed with the prevailing business environment and business position. Business forecasting can,...

on 17-Apr-2018

Auto Enrolment

Don't get caught...   It's the NEW tax year so don't forget that the minimum contributions for Auto Enrolment are going up for both the employee and the employer. As of the 6th of April 2018, employers must...

on 17-Apr-2018

National Minimum Wage

  Minimum Wage Rises...   The new minimum wage kicked in on Friday, 6 April when at least two million workers will get a pay rise. It follows November's Autumn Budget, in which Chancellor Philip Hammond confirmed hourly rates...

on 07-Nov-2017

Inventory Management Systems - Unleashed

 For some businesses knowing exactly what you have in stock and how much it cost you are key to ensuring you know exactly what you can sell and at what price to make a profit. Spreadsheets are a risky way...

on 03-Nov-2017

Inventory Management Systems - Unleashed

 For some businesses knowing exactly what you have in stock and how much it cost you are key to ensuring you know exactly what you can sell and at what price to make a profit. Spreadsheets are a risky way...

on 01-Aug-2017

Who needs a bookkeeper? You don't anymore

Recent studies by Oxford and Deloitte (2015) suggest that about 96% of what accounting firms currently do will - in the not-too-distant future- become automated.   It’s been suggested by some that bookkeepers will soon become redundant. Actually, we don’t think that’s true,...

on 01-Jul-2017

The big problems with most small business financial accounting systems

Old-fashioned accounting systems are seriously flawed. And that can have dire consequences for small business.    Until recently there were essentially 3 common types of accounting system: A manual system of books and records, like those big...

on 01-Jun-2017

Cash is King... Really?

Don’t you just hate the old cliché, cash is king. I do. But the fact is, running out of cash is the number one reason businesses fail. Despite the fact they are often profitable businesses. But profit and cash is not...

on 01-May-2017

Great news - you no longer need an accountant

Recent studies by Oxford and Deloitte (2015) suggest that about 96% of what accounting firms currently do will - in the not-too-distant future- become automated.  96%! Surely that means the accountant is soon to be redundant. Why is that? In...

on 06-Apr-2017

New tax year 17/18 and changes worth knowing

With the new tax year started today 6th April 2017 there are some changes worth knowing.     It is the 6th April 2017 and the start of the new 2017/18 tax year. What does that mean for you and your business? Well...

on 01-Apr-2017

Keeping your business books has just got easier

Every business owner hates bookkeeping and paperwork.   Unfortunately it has to be done. And it has to be done in a prescribed format...otherwise the Tax Man will be on your back. It's also difficult. That's why there are bookkeeping exams. That's why there are professional...

on 27-Mar-2017

VAT Flat rate scheme changes 1st April 2017

VAT Flat Rate Scheme changes 1st April 2017 Those who are on the VAT Flat RAte Scheme have historically seen an uplift in their revenue in most cases. With the changes that are coming in the majority on...

on 09-Mar-2017

Are we battening down the hatches before the storm? Spring Budget, first post Brexit.

Well, I have to say, currently small businesses and entrepreneurs seem to be getting a hard time from increased taxes and employment costs and this budget was no exception.With all the Government euphoria that UK has lower...

on 06-Mar-2017

Critical business in real time

Every successful business has its finger on the pulse. You need to know the key numbers. Not the numbers in last year’s accounts; they’re out of date. Redundant. You need today’s numbers. And that’s where your...

on 02-Feb-2017

Time is fast running out for UK businesses

Don’t you just love the UK Government? UK businesses are just getting over the huge cost and upheaval from the Automatic Enrolment regime and now we have another one to deal with. You’ll love this.They call it ‘Making Tax Digital’. Of...

on 23-Jun-2016

Look to the future – get the most out of your reporting and forecasting

Moving to a cloud accounting system for your business doesn’t just improve the basics like bookkeeping – you also get a hugely improved view of your management reporting and forecasting as well. When you get real clarity...

on 17-Mar-2016

Is the March 2016 budget good for small businesses?

  Small businesses owners have a lot of new costs to their business with Auto Enrolment and changes in the tax on dividends. So does this March 2016 budget have any good news for small business owners? Yes, there does appear to be some cheer to provide a...