Professional Bookkeeping Services Shropshire

All businesses have to keep accurate records of their financial transactions. At the Hollies Bookkeeping, we understand that bookkeeping, payroll and accounting demands are involved in the running of a business no matter how small or large. We also understand that maintaining your financial accounts and records, supervising accounting staff, dealing with accountants, debtors and creditors all place pressure on the valuable time and monetary resources of your business.

Our services include Bookkeeping, Payroll (including Auto-enrolment), VAT Returns, Self-Assessment Tax Returns, Partnership Tax Returns, Construction Industry Scheme, Limited Company Set-up and filing of Annual Returns. We aim to relieve you of these demands by providing professional and efficient services at competitive rates whist at the same time helping you to avoid paying the high costs involved when engaging accountancy firms over an extended period of time.

Hollies Bookkeeping Shrewsbury have been providing first-class Bookkeeping services to businesses across Shropshire for over 10 years. Our team of professionals work tirelessly to provide Shropshire businesses with the best possible Bookkeeping services. We are proud to be a member of the Institute of Certified Bookkeepers.

How to claim working from Home Tax Relief 2021/22

Working from home became normality for many people since the beginning of the COVID-19 pandemic in March 2020, and still is one year later.

A recent survey estimates that 60% of us are still working from the confines of our own homes.

Some good news is that if your employer requires you to or has required you to work from home, you can benefit from the working-from-home allowance.

Employers can pay you £6 a week extra tax-free. And if your employer doesn’t add this allowance to your payslip, you can claim it yourself!

Employees can claim tax relief for additional household costs...

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Ways we support our clients

The last year has been so hard for everyone, but here are some ways we have tried to give our clients the support they are looking for as they tackle challenges due to coronavirus.

Being there for our clients by listening and offering advice:

Our practice as a whole is making sure that we’re talking to all of our clients. We’re finding every single possible way to ensure that their businesses can survive the next 18 months.

Basic and common-sense measures are needed, but it’s not always the case that they’re in place.

So we’ve always ensured our clients have mobile con...

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A guide to the Self-Employed Income Support Scheme

SEISS: What you must do to claim the fourth and fifth Self Employed Income Support Scheme grants

In its 2021 Budget, the government announced not only the amount of the fourth grant for the Self-Employed Income Support Scheme (SEISS), but also that a fifth and final grant for the period from May to September 2021.

HMRC is introducing new measures to determine eligibility for those claiming an SEISS grant if they haven’t already claimed.

You need to accept a phone call from HMRC in which they’ll ask you for proof that you’re carrying on a self-employed trade.

This presents risks, as we discuss below.

How are the fourth and fifth SEISS different from previous grants?

C...

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Is your SME eligible for Bounce Back Loan?

Three Bounce Back Loans were issued every minute since they were launched in May 2020 but how do you know if your SME is eligible for a Bounce Back Loan?

Emergency Government loans have provided almost £180bn in total lending to businesses since last March.

The existing loan structure is set to be replaced in April with a new Coronavirus Recovery Loan Scheme, although application details have still not been released.

Applications will be open from 6 April, the Treasury has confirmed.

The Recovery Loan Scheme will run until 31 December 2021 and will ensure lenders continue to have ...

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How will the budget affect your finances?

In Parliament this week, Chancellor Rishi Sunak announced the 2021 budget, which he called the ‘budget for recovery’ so we’ve taken a look at how the budget announcement will affect your finances.

Furlough extended and further financial help for low-income households

It was revealed today that there would be a five-month extension to the furlough scheme, with the scheme now ending on the 30 September 2021.

The Chancellor explained to employees on furlough they would see no difference from the scheme and will continue to receive 80% of their wage until the scheme ends.

In addi...

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New team members and business expansion

Although 2021 is already a tough year for most of us, the year has already bought us new team members and business expansion The Hollies Bookkeeping Services, so we are grateful for that.

Helping our clients and customers is at the heart of everything we do and we are lucky to have a valued client base to provid bookkeeping and accounting services toin Shropshire, Wales, nationwide and even overseas.

Some of our clients have taken us with them when they've moved their operations to places as far-flung as America and Australia. Well - it's nice to have some 'travel' even if it is over email o...

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From baking to bookkeeping in Shropshire

Here at The Hollies Bookkeeping Services in Shropshire, did you know we have gone from baking to bookkeeping in Shropshire?

We were delighted to have been given these two old photos recently from when our offices were a bakery!

The offices for our bookkeeping business are housed in a building on the Main Road in Pontesbury in The Old Bakery.

Old Bennett's Bakery ran from the late 19th century to 20th century in the post-war years.

The brick foundations of a building associated with the bakery were also recorded during excavations in 2017.

Historical descriptions from Discovering ...

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Why completing your self-assessment before Christmas is a priority

Completing your self assessment before Christmas is a priority, but every years it's one that a lot us leave til after the new year.

Every year, over a quarter of people due to file a self-assessment tax return complete it in the final 4 days before the 31st January deadline.

And 5% of returns are filed in the final 24 hours.

However, leaving it to the last minute isn’t really wise as you never know what may come up to prevent you from completing it in time.

With an instant fine of £100 if you miss the deadline, and daily fines of £10 (for up to 90 days) if you haven’t filed...

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What should small businesses know about bookkeeping?

Bookkeeping is essential for any business, but if you are a small business you might be wondering what you really need to know about bookkeeping?

Through bookkeeping, an owner can identify if a business is generating profits or losses.

What are bookkeeping services?

Bookkeeping is the recording, storing, and retrieving of financial transactions for a company, non-profit organization, individual person, etc.

Bookkeeping can include common financial transactions

paying suppliers

billing for services provided or goods sold to clients

documenting receipts from customers

...

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5 ways to avoid financial horror this Halloween

Halloween is fast approaching and everywhere you look has orange pumpkins, ghosts and zombies.

It’s also the time of the year that many SMEs and Directors are submitting their year-end accounts to Revenue. It can be a daunting time for some.

However, let’s not get spooked. Here are five top tips for managing your finances as you come closer to Halloween time and beyond.

Know your Breakeven Point

Every business has a break even point. This is the point at which your total revenue equals total costs or expenses.

At this point there is no profit or loss, in other words your...

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