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Bookkeeping and Accounting Services In Shropshire

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self employed tips for coronavirus

Tips for the self-employed on how to thrive during Coronavirus

The Coronavirus pandemic has shone a light on the difficulties faced by freelancers, so we want to provide some tips for the self-employed on how to thrive. Ordinarily the self-employed are not entitled to the same benefits as employed people, such as sick pay. Currently, they may also lose income as companies start to cut costs and stop using freelance help. Check your savings We […]

self-employed during Coronavirus

Help for the self-employed during Coronavirus outbreak explained

Almost 5 million people are self-employed, working out at 15% of the UK workforce so we wanted to explain the help for the self-employed during Coronavirus outbreak. The government faced criticism over announcing significant help for businesses and employees impacted by the coronavirus. On Friday, March 26 it also unveiled a scheme for the self-employed. The scheme allows certain (95% of) freelancers and partnerships to […]

living wage increases 2020

National Minimum Wage Increases from April 2020

The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from the current rate of £8.21 to £8.72 an hour, in the largest raise since it was introduced two decades ago. New rates from April 2020 The government has confirmed that the new rate will start […]

A guide to self-assessment tax returns for the 31 January deadline

A guide to self-assessment tax returns for the 31 January deadline

Around 11.5 million people filed a self-assessment tax return in the UK last year, and if you’re one, read our guide to tax returns for the 31 January deadline. Who needs to file? However, sole traders and self-employed people earning more than £1,000, as well as those in business partnerships, need to file a return every year. The following people may also need to file […]

tips to improve your bookkeeping in the new year

Tips for improving your bookkeeping in the new year

If you aren’t keeping a good track of your business finances then maybe your 2020 resolution should be to read our top tips for improving your bookkeeping in the new year. Review bank statements and credit card statements. These statements should always come to the business owner or card holder unopened. Review them thoroughly before passing them to the bookkeeper or other employee, thereby preventing unauthorised checks […]

Money Laundering – what are the facts

Money Laundering – what are the facts?

Accountants are key gatekeepers for the financial system, facilitating vital transactions that underpin the UK economy. So when it comes to money laundering, what are the facts? Here at The Hollies, Bookkeepers in Shropshire, we have been undertaking an Anti-Money Laundering review for our practice licence and will be doing some further training. Accountants and bookkeepers have a significant role to play in ensuring their […]