Bookkeeping for the construction industry – what do you need to know?
Making sure the books balance is critical for the successful running of any business, whatever its size. However, there are some sectors for which this is more complicated, and the construction industry, a key part of the UK economy, is one of these. It’s a fairly volatile industry, with sometimes dramatically fluctuating profit and loss, […]
September Newsletter
September Newsletter 2023 Morning/afternoon According to the meteorological season Autumn starts on 1 September whereas from an astronomical viewpoint it is 23 September – whichever date you choose to accept Summer is over we hope you had an enjoyable one. On 16 September we will be wishing our very own Paul Parsons the best of […]
Five tips to help your business avoid a tax audit
As a business owner, you’re probably spinning plenty of plates on a day-to-day basis including sales, marketing, manufacturing, R&D as well as (we hope) staying on top of your bookkeeping. The last thing you want to receive is notification from HMRC that you’re going to be subject to a tax audit. However honest and meticulous […]
Maximising tax deductions with effective bookkeeping strategies
For all businesses, particularly in today’s economic climate, every penny counts, and making the most of all the tax savings for which you are eligible should be a vital part of your bookkeeping process. Every business will have its own specific entitlements, and keeping abreast of these can save a surprising amount of money to […]
How to keep up with bookkeeping during busy periods
Many business owners find a great deal of satisfaction in ensuring their bookkeeping is up to date and accurate, although it does mean setting up an efficient and orderly system and actually sticking to it! However, most businesses will have quiet periods and other times when everyone is rushed off their feet. A company making […]
Five common payroll pitfalls and how to avoid them
Payroll mistakes are alarmingly common in businesses of all sizes. Regularly changing legislation, gaps in internal communication and software errors are just some of the problems which could cost a business a considerable sum of money. HMRC collected £737 million in taxes and penalties following a crackdown in payroll tax errors in one year recently. […]
Bookkeeping for charities – what do you need to know?
Keeping meticulous financial records is a must for any business, large or small. Without this input, maintaining cash flow accuracy, filing tax returns and other important duties take twice as long. For charities, however, which receive money from the public in the expectation of using it for specific good causes, this is an even more […]
Six important questions to ask when taking on a bookkeeper
Anyone starting a business is going to have high hopes for its expansion and success. It’s easier at the outset when you can keep an eye on all aspects of the business yourself, such as sales and marketing, production, business rates – but once the business is up and running and hopefully doing well it […]
What records to keep if you’re self-employed
If you’re self-employed as either a sole trader or a partner in a business partnership, you’ll need to keep accurate records of your business income and expenses for your annual tax return. Ensuring you’re consistently up to date with your bookkeeping makes it much easier to compile your tax return when the April deadline looms, […]
June Newsletter
June Newsletter Morning/Afternoon We can hardly believe that it’s been 3 months since our last newsletter and we are heading into Summer anxiously awaiting a “heatwave”! We have seen some changes within the team, welcoming Justyna as an experienced bookkeeper and Chloë Gurney as our new junior payroll administrator/admin assistant taking over from Isobel who left earlier in […]
