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Bookkeeping and Accounting Services In Shropshire

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Universal Credit and self-employment

The government has published a report, called ‘Universal Credit: supporting self-employment’ which considers the issues faced by self-employed claimants. Universal Credit is a monthly payment to help with your living costs. You may be able to get it if you’re on a low income or out of work – but self-employed people may also be eligible from time to time. The report considers the impact […]

Do I need a bookkeeper or an accountant?

Fledgling small-business owners are often told that they should hire a professional to help with the accounting side of their companies, but do you need a bookkeeper or an accountant? Because both bookkeepers and accountants offer services, understanding which one you need can be puzzling. So what are the main differences between bookkeepers and accountants? The term “bookkeeper” is pretty literal: A bookkeeper is trained […]

Proposed changes to VAT and CIS for the construction industry

From October 2019, proposed changes to VAT and the CIS are cbeing planned within the construction industry. The Construction Industry covers a vast and wide-ranging sector of business in the UK and often includes a supply chain of providers, contractors and sub-contractors What is the government proposing? In the Spring of 2017 the government announced that it would be consulting on proposed changes to way […]

P11D deadline July 6

The P11D deadline July 6 is approaching! The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2018, are due for submission to HMRC by 6 July 2018. The process of gathering the necessary information can take some time, so it is important that this process is not left to the last minute. […]

Xero Accounting Software and Online Bookkeeping.

Xero is an accounting software and online bookkeeping software. Xero can connect to your bank account and automatically import your bank and credit card transactions on a daily basis which would save you time and money. It can also reconcile large numbers of transactions quickly so you can sort and match large numbers of transactions in bulk, applying bank rules as you go. Xero will even let you […]

New data protection rules GDPR

New data protection rules GDPR or General Data Protection Regulations will replace the Data Protection Act in the UK from 25 May 2018. GDPR is designed to safeguard personal data of citizens from EU member states, with particular emphasis on transparency and accountability. It applies to all businesses in the EU and non-compliance will lead to substantial fines. The new GDPR is a regulation, which […]

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