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Bookkeeping and Accounting Services In Shropshire

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self assessment tax return

Get ahead and invest in an accountant

A challenging task for start-ups and new business owners in the first year is the annual and rather scary prospect – the self-assessment tax return so get ahead and invest in an accountant. It’s a challenge which often results in a mad rush to meet the taxman’s end of January deadline. As daunting as the self-assessment process is, getting your return filed on time (and […]

Autumn Budget 2018: a summary for landlords

Following Philip Hammond’s Autumn Budget announcement, we’ve taken a look at what it could mean for landlords in the UK – including changes to the income tax personal allowance and higher rate thresholds. Even though the 2018 Budget was relatively light on announcements for landlords and the private rented sectors – the most important announcements were around personal tax, including the changes to the personal […]

Why Is Bookkeeping Important?

Bookkeeping dates back thousands of years, the oldest records of bookkeeping have been found in archaeological digs and National Geographic reported on a 5000-year-old stone tablet showing a record of how much barley was used over 37 months – books! So why is bookkeeping so important? Bookkeeping is the foundation upon which the rest of your accounting practices are built. Everything from payroll to tax […]

10 Reasons to hire a Bookkeeper

Consider a scenario where your business is on its way from idea to actual business. There are many, many things to think about and consider so here are 10 reasons to hire a bookkeeper. And one of them may just include that all-important decision of when to bring in outside experts to assist you with some of the operational functions that go into running a […]

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 […]