How bookkeeping can help you make better business decisions
If you’re a regular reader of our blogs, you’ll know that good bookkeeping is the firm foundation which underpins any successful business. Organising and maintaining your financial records is crucial to the smooth running of any company, but it’s also an important part of helping business owners make decisions which will have a favourable impact […]
Five tips for streamlining your bookkeeping process
If you are a regular reader of our blogs, you’ll be under no illusions about the importance of accurate business bookkeeping. Without these fundamental building blocks in place, no business, however good at selling a product or service, will maintain a consistent growth trajectory. However, even if your bookkeeping process appears to be running smoothly, […]
Should you manage your own bookkeeping or outsource it?
If you’re a business owner, you’ll know just how important it is to keep on top of bookkeeping. Without conscientious attention to collating receipts, timely invoicing and tax demands, a cashflow problem which could have been easily sorted can spiral rapidly out of control. However, there are orders to despatch, a marketing strategy to plan, […]
National Minimum Wage – 2023 update
The cost of living is something that we are all aware of. It affects us all and it is important that we look at our wage and check that we are receiving the minimum wage. This has recently gone up by over £1 per hour. So, what are the rates, who is entitled to receive […]
Manage your cash flow with effective bookkeeping strategies
Good cash flow management is the mainstay of any business, whatever its size. Ensuring that a steady stream of cash enters your bank account to cover expenses and make a profit can mean the difference between success and failure. A report* last year by Xero, the global small business platform, revealed that the average UK […]
How to create a business budget and stick to it
Your idea for a new product or service is taking shape and the moment is right to set up a business to launch it properly. It’s an exciting time and your head is probably filled with sales and marketing and taking the world by storm. However, there’s one important thing you need to do before […]
VAT Registered – Are you considering it?
What is VAT? Value Added Tax is a government tax on goods and services, and it’s based on the increase in value of a product or service at each stage of production and distribution. The rate of VAT depends on the nature of the goods or services being sold and purchased. It was initially brought […]
March Newsletter
March Newsletter Over the last quarter the team said farewell to Isobel, our trainee payroll administrator and admin assistant – Izzie will be pursuing her dream equine job travelling the world for show jumping competitions. This does mean AMR are recruiting for a new member of the team and we hope to have […]
Preparing for the tax season as a small business owner
If you own a small business, it may seem like every season is tax season, but to avoid sleepless nights as the end of the financial year approaches in April it’s even more important to keep on top of your tax affairs. Check out our list of preparations to guarantee your business glides smoothly into […]
Common bookkeeping mistakes and how to avoid them
There are myriad traps which business owners can fall into when it comes to bookkeeping, all of which can have serious financial and legal consequences. We’ve listed six of the most common ones below – have a check and make sure your business is fully up to speed. Poor record-keeping This is a very common […]
