As you know, the PAYE (pay as you earn) system is a way of paying income tax and national insurance contributions. The amount you pay is determined by a code allocated to you by HMRC. Your tax and NI are then deducted from your wages at source. But what if you’re self-employed or work on …
Allowable business expenses are a legitimate way to reduce the amount of tax you pay. Many see it as yet another perk for the self-employed. Not only do these elites get rid of their overbearing boss and work the hours they choose (that one will be hotly debated), but their nirvana also means they can …
Are You Claiming All Your Allowable Business Expenses? Read More »
Virtual meetings may have been forced upon you by COVID, but that shouldn’t be viewed negatively. If anything, you should be embracing video meetings. For some, the thought of attending virtual meetings on Zoom, Teams or Skype meeting (other platforms are available) is akin to tooth extraction. However, they are a far better alternative to …
Bookkeeping is a vital part of any company regardless of its size. Accurate and timely financial reports mean you can keep on top of your business and make informed decisions. Cost is always a significant factor when looking at whether in-house or outsourced bookkeeping is right for you. But there are more critical issues such …
Bookkeeping – The In-house or Outsourced Dilemma Read More »
At its heart, Hubdock is all about convenience and automation — helping your business to digitize financial documentation in a straight forward and error-free way. This is a huge benefit for busy business owners who don’t want to spend hours on data entry every week. As expected, Hubdock works in tandem with Xero, allowing your …
With the coronavirus crisis having driven employees out of their workplaces and into their homes, questions surrounding productivity have continued to be at the forefront of every manager’s mind. So, is working from home more productive? Truthfully, there isn’t a right answer here as productivity can increase or decrease depending on working circumstances. But, with …
Much like working from the office, there isn’t a one-size-fits-all approach for employees that work remotely. Remote employees should have a management plan tailored around their unique skills and personality. But for managers in the Covid-19 era, new challenges have presented themselves in how to manage a remote employee with adjustment issues. Within the office …
How to Manage a Remote Employee with Adjustment Issues Read More »
If your business has recently started a remote working policy or even if you’ve had something implemented since the advent of Covid-19, choosing the right tools makes a world of difference to productivity. Unsurprisingly, there’s a whole host of tools for remote working out there – but don’t let it overwhelm you. Like working from …
Bookkeepers and accountants play closely linked and vitally important roles for small and medium-size businesses across the UK. Unless you’re taking care of the monitoring and management of your business’ day-to-day accounts, you’ll need a bookkeeper. And, on the other end of the spectrum, you’ll need an accountant unless you plan on completing all of …
What’s the Difference Between a Bookkeeper and an Accountant? Read More »
Since March 23, the UK has been in lockdown as a response to coronavirus, severely hampering businesses and disrupting their finances. There’s been a sigh of relief at the easing of the lockdown, for some businesses at least, but there are obviously still major anxieties rippling across the country. As seasoned bookkeepers, We’ve certainly seen …
