The latest on auto-enrolment compliance
Auto-enrolment is a government initiative aiming to help more people save for their retirement through a workplace pension scheme. Prior to its inception in 2012, many employees missed out on the opportunity to save for retirement because their company didn’t have a pension scheme, or because they never got around to joining the existing one. […]
CIS Reverse Charge, Receipt Bank and Team Updates
September 2019 Newsletter I would like to start this quarter’s newsletter off with an update on some changes within AMR itself. Firstly, after 12 years with AMR Carolyn Murphy retired at the end of June. We owe a lot of our success and development to Carolyn and she will be missed by us all. Taking […]
SMEs and the small claims court – using an electronic audit trail
If you own a small business, it’s likely the spectre of late payments is constantly at the back of your mind. Statistics analysed at the end of last year showed that the average small business in the UK is owed £24,841 in late payments on any given day, and 78% of SMEs have money owing […]
How ReceiptBank can help organise your business
Running a business means time is a precious commodity. Keeping on top of sales targets and cash flow, rushing between appointments and jobs and juggling everyday issues can result in some things being constantly pushed down the priority list. Retaining and filing receipts is frequently one of these. In spite of the fact that both […]
An update for businesses on the problems of late payment
One of the biggest cash flow issues facing businesses is the perennial problem of late payments, which causes an estimated 50,000 companies to become insolvent every year. According to the Federation of Small Businesses, more than eighty per cent of companies are paid late, and one in three businesses claims the situation is becoming worse. […]
Are you using your financial software to its best advantage?
Financial software is specifically designed to automate, assist and store your business’s financial information. It should also handle the storage, analysis, management and processing of financial transactions and records. This can include categorising income and expenses, synchronising transactions with banks and credit card companies, paying bills online, budgeting, creating reports, tax calculations and generally keeping […]
Interested in a career as a bookkeeper?
Are you thinking of a career change? Perhaps you’re at university or college and starting to think about your future? Are you organised and methodical, honest and discreet, with good communication skills and attention to detail? Do you lean towards maths and computing subjects? If you tick all these boxes, maybe you should consider a […]
Sole trader or limited company?
When you start a business, one of the first decisions you need to make is the choice of structure. Does it make sense to operate as a sole trader, or will becoming a limited company work better for you? It’s an important choice for many business people, freelancers and self-employed workers, and has implications for […]
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 […]
