Why deregistering for VAT could make sense
The pros and cons of VAT registration are a constant source of discussion among small business owners. Once turnover reaches £85,000 per annum you have a legal obligation to register your business, but some businesses decide to register prior to reaching that level, for reasons including credibility and cash flow planning opportunities. It’s a difficult […]
Making Tax Digital – What is it? Information for Business Owners
Making Tax Digital was first announced in 2015 and comprises the first stage of the Government’s plan to modernise the UK’s tax system. The scheme aims to improve the efficiency of the current system for business owners and individuals with MTD for VAT having started on 1 April 2019. With these new changes now in […]
How good bookkeeping can ensure your business runs smoothly
Your business is expanding, you’re taking people on, you’re constantly in meetings and you realise you’re just not managing to keep on top of the essentials. You think you might need a bookkeeper, but what exactly do they do, and will it really help you? Read on to find out about some of the things […]
Four signs that you need a bookkeeper
It’s a depressing fact that starting up a small business is an extremely risky venture. Around 660,000 new companies are registered in the UK every year – that’s the equivalent of 70 per hour! Sadly, however, 60% will go under within three years, and 20% will fail before they’ve reached their first anniversary, which is […]
Keep track of your taxable employee benefits
Staff benefits can play a major part in attracting talent to your business and help make your company stand out as a place where employees are nurtured. These perks can range from medical insurance and company cars to interest-free loans and help with transport or childcare costs. As well as helping to attract and retain […]
Need help with Making Tax Digital? Try our new MTD health check service
There’s only a few weeks to go before VAT-registered companies need to file their returns online using HMRC-compatible software, but reports suggest some businesses are struggling with the new regulations. Making Tax Digital (MTD) is part of a huge push to move the tax system online in an attempt to make it easier for companies […]
Client Q&A with John Friis of Watermark Homes Limited
We’re lucky to work with some wonderful businesses across London, Kent and the South East. One such client is Watermark Homes Limited, an independent property development company based in Chislehurst in South London. Watermark creates beautiful, affordable homes for discerning homebuyers. We asked John Friis, co-founder of the company, to answer our quick-fire questions. Tell […]
Bookkeeping for the construction industry – AMR can help
Looking after the books is a complex prospect in the construction business, especially in comparison to other businesses. A typical business selling products from a fixed location uses standard accounting principles. Construction businesses, however, provide bespoke work in multiple locations, often using the services of contractors and subcontractors. Construction businesses must keep tabs on costs […]
Are you ready for MTD?
The first phase of HMRC’s Making Tax Digital (MTD) initiative is a matter of weeks away. If you need to make a VAT return after April 1 this year, it’s time to make sure you have the right software. As detailed in our earlier MTD blog, from April 1, VAT-registered businesses with a taxable turnover […]
Helping to take the pain out of auto-enrolment
Employer pension contributions under the auto-enrolment scheme doubled to 2% of an employee’s salary in 2018, and this year they’ll be increasing again to a minimum of 3%. The auto-enrolment scheme came into force in 2012, aiming to bolster retirement savings by making it compulsory for employers to register all UK workers aged between 22 […]
