COVID-19 FAQs: we answer your bookkeeping concerns
The world has changed considerably over the past few months for everyone and, despite the easing of lockdown bringing some green shoots of optimism for businesses, many companies still have concerns about their operations, employees and cash flow. Knowing where to turn when things get tough isn’t always obvious. However, when it comes to your […]
Self-employed and affected by coronavirus?
Being self-employed offers a great deal of freedom. Not only does it provide the possibility of organising and managing your working schedule as you see fit, it also allows you to take control of your future and steer it in a way that works for you and your family. However, it’s not always plain sailing […]
Managing your payroll during uncertain times
For any business with employees, operating a payroll can be a complicated and time consuming process. Throw in the uncertainty of the current situation and things are bound to seem even more complex – particularly if you have had to adjust your operations to protect your cash flow and place staff on furlough. However, in some […]
Coronavirus Job Retention Scheme
The CJRS was updated on 17 April 2020 and has been extended until October 2020. The scheme supports businesses by allowing them to retain their workforce during the Covid-19 pandemic. Who is eligible for the Coronavirus Job Retention Scheme? To be eligible for CJRS an employer must agree with the employee that they are a […]
Do you need a credit management health check?
Running a business can be extremely rewarding. However, when it comes to getting your invoices paid on time it can also become difficult, time consuming and frustrating. Now, more than ever, keeping on top of the invoicing process and successfully managing your debtors is crucial to maintaining your cash flow and ensuring you can […]
How to successfully manage your VAT payments
If you own a business which turns over more than £85,000 per year, then you will need to ensure you are VAT registered. Managing VAT can be tricky and time consuming. Depending on the goods and services you sell and purchase, VAT is chargeable at three different rates – standard (20%), reduced (5%) and zero […]
Does your business need a bookkeeping check-up?
Meticulous bookkeeping is the linchpin to ensuring you have clarity on the financial performance of your business. There are many reasons why the value of efficient bookkeeping shouldn’t be underestimated so it’s wise to make sure that, no matter what is going on in the world, you give your business bookkeeping a regular once over. However, […]
How to manage your cash flow in a crisis
No matter what is going on in the economy, when it comes to your business, keeping your books up to date and maintaining a positive cash flow is key to ensuring everything is running smoothly. Being fully informed and aware of the amount of money coming into and going out of your business will ensure that […]
March 2020 Newsletter
Hello, With the world focusing on the developments of COVID-19 it is hard to concentrate on anything else but, for some variety and to think of something other than how self-isolating is going to work for you and your family, here is our payroll focused quarterly newsletter. CHANGES TO NATIONAL MINIMUM WAGE RATES 2020/2021 Following […]
Five reasons why up to date bookkeeping practices are important
People vary, everybody is different; some have meticulous personalities, others thrive in chaos. A successfully run business, however, shouldn’t be afforded this flexibility. It should always strive to operate as a model specimen of organisation, from its roots to its management. The effective implementation of an organisational process begins with a well-managed and up to […]
