Bookkeeping basics for your small business

Running your small business is a big job. Whether or not you have one or two team-members, or you’re a sole operator, there are myriad tasks to be done every day, just to keep your business running. Admin - especially financial admin - can often get pushed to the bottom of the to do list and can add unwelcome pressure. In this blog post I’ll be looking at the basics of bookkeeping and outlining … [Read more...]

Start-ups and SMEs at IT security risk

Starting a new business is exciting, challenging and demanding, with most of the emphasis on getting up and running and delivering your service to your client base. Once premises, staff, stock and IT equipment have been procured, one of the crucial things that often gets overlooked is IT security and data management. Research by CareersinAudit.com last month revealed that losing customer or … [Read more...]

6 tips to get your invoices paid quickly

It seems incredibly unfair that the very businesses that need to get paid on time are often the ones that aren’t. Small businesses often find themselves in a cash flow quandary because they have been let down by a late paying client. Trust plays a big part in all business and personally we think it is one of the nice things about dealing with small businesses – the very foundations of which are … [Read more...]

Real Time Digital Tax Accounts

In the budget back in March this year, George Osborne, the Chancellor announced plans to move away from the annual tax return to digital tax accounts. But what does this mean for individuals and for accountants. For individuals From April 2016 five million small businesses and 10 million individuals will have digital tax accounts, which will mean that the individual will no longer need to … [Read more...]

Simple payroll for small businesses

As we approach the end of the tax year, it is worth giving some time over to think about how small businesses operate their payroll, and what is the most effective method for processing the payroll. Many small businesses use the HMRC basic PAYE tools, which are very good but do not link to their accounting system, their bank or generate payslips, others use a standalone payroll system which … [Read more...]