If you are a sole trader or consider yourself to be self-employed you will need to declare your income and expenses to HMRC at the end of each tax year through a self-assessment tax return. Even if you earn income in addition to being employed and receiving pay through a payroll from your employer you need to declare your additional income to HMRC. The only exception to this …
With the school summer holidays just around the corner you may be wondering if you can employ a young person to help you out in your business. The benefits for both you, as an employer, and the potential employee can be valuable. …
The newest recruit to our bookkeeping team joined us at the beginning of May. Ryan is a trainee currently about to complete his Level 3 exams. I know Ryan is really enjoying the variety of work we do and being able to learn from our experienced bookkeepers but I thought it would be interesting if he wrote about why he chose to do accounts and how he has found the first few weeks. This might help others considering a similar change because it is always daunting, as well as exciting, to take a massive step in a different direction. Here is the beginning of Ryan's bookkeeping journey. …
As a business owner how often do you review the costs going out of your business or do you rely on someone else to do that for you? Costs reduce your profit so you really need to understand exactly what running your business and creating your turnover is costing you. These are our tips for checking your costs …
One of the services we offer is Xero training. There are many businesses using Xero who may be unsure of whether they are using it effectively for their business. Or they may feel they are not using the software to its full potential. If you are using Xero in your business and you would really like some help to use it better we have some bespoke training sessions available for you to book in August. …
