Not all bookkeepers and accountants are good at their job. Each has a different sets of skills. Bookkeepers do the day to day record keeping for your business, whilst accountants are better qualified to look at the overall picture of the business and advise on tax savings and planning. …
There is more to being in business than having a 9 to 5 job. Being your own boss seems idyllic when you are employed, have regular hours and a regular income. Being able to work as and when you want, where you want and how you want is the flexibility you crave when you are employed. Being able to be choosy about the people you work with and the work you do is an exciting prospect. …
Now's the time to get your tax return for 2017-18 out the way. The tax year finished on 5th April and tax returns will now be available to complete online. The deadline for submission is 31 January 2019 but why wait for the deadline? Here are some of the advantages of getting it done in good time: …
The VAT registration threshold will remain at £85,000 for the next two years until April 2020. Businesses with sales of £85,000 in a 12 month period must become VAT registered unless their sales are exempt from VAT. But if you are VAT registered and your income falls below the VAT deregistration threshold of £83,000 you can voluntarily deregister for VAT. …
What is important to you when you are considering outsourcing your bookkeeping? Maybe you just need someone, anyone, to just organise all that paperwork which keeps appearing. Do they need to know what they are doing? Do they need experience? If you want to keep your finances on track you will need someone who can do more than just organise paperwork. You need someone who understands accounts, can do what you need them to do and is reliable and honest too. …
