Stay onside with CIS rules on labour and materials
The Construction Industry Scheme (CIS) was introduced by HMRC as a way of ensuring that payments made under construction contracts are subject to tax deductions. First introduced in 1971 and reformed under subsequent governments, the primary aim of CIS is to cut down on tax evasion by self-employed subcontractors. We work with many clients in […]
Bookkeepers v Accountants
Last Friday saw AMR take on local firm of accountants, Perrys, in a fun run challenge at Tonbridge Inflatable Run. The teams were made up of staff and a couple of family members, and having been rained off only a few weeks previously we were all ready for the challenge. Each team member had […]
Trust in us
You’ve made a decision to outsource your bookkeeping, but how do you choose who to hire? There are many bookkeepers in practice, from self-employed sole traders working from home, to larger firms employing a variety of experts. A good first step is to ask contacts in your business community for recommendations. Draw up a shortlist of […]
Five time-saving tips for small businesses
In our permanently switched-on world, time has become our greatest commodity: it’s precious, and there’s never enough of it! For small business owners, time management can be a particular challenge. Down-time is rare, especially in the early days of setting up a new company, and it’s not unusual to feel overwhelmed by never-ending demands. Here […]
We're proud to be Xero Champions
We are continually looking at ways to improve our efficiency and work smarter on behalf of our clients. One of the ways we do this is to embrace the latest improvements in payroll and bookkeeping software. Here at AMR we’re big fans of Xero, an award-winning cloud accounting software package that can drastically reduce the […]
Seasonal workers and auto-enrolment – unpicking the facts
With summer in full swing, it’s a busy time for seasonal industries all over the UK. In the South East, where our company is based, tourism and agriculture are key sectors that employ many thousands of seasonal workers. Kent, traditionally known as ‘the garden of England’ for its abundance of orchards and hop gardens, also […]
Poor bookkeeping could be costing your business £15k a year
Running a small or medium-sized business is a challenge that requires grit, determination and 100% dedication. Entrepreneurs tend to have many of these positive qualities, but the truth is that sometimes this unwavering dedication can have a negative side. In short, it can actually cost a business dear when company owners overload themselves rather than […]
New rules for termination payments
When an employee leaves a job, the usual arrangement is that they work out the notice period stipulated in their contract. The average notice period is one month, but it can be as little as a week, or even as long as six months in some senior roles. However, there are occasions when an employer […]
Digital tax revolution – latest news
Whether you’re a sole trader or a limited company owner, it’s likely you have heard mention of the government’s ‘Making Tax Digital’ initiative (MTD). The goal is to transform Britain’s tax administration into the most advanced in the world by introducing compulsory digital recordkeeping via cloud-based software platforms. Last month HMRC announced that […]
Director-only companies and auto enrolment
Pensions auto enrolment began in 2013, and since then nine million workers have signed up to company schemes, with only nine percent choosing to opt out. For small companies and micro employers (the latter defined as having between one and nine employees), the new legislation has inevitably led to extra administration, not to mention […]
