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Bookkeeping and Accounting Services In Shropshire

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cloud based accounting software

Cloud based software for accounting and bookkeeping

Many people now choose to use cloud based software for accounting and bookkeeping. With Making Tax Digital on the way (launched from April 19), now is the best time to look into using such software. Making Tax Digital (MTD) means you can’t now keep and submit manual records. Instead, HMRC will only accept VAT returns sent using software that supports Making Tax Digital for VAT. The […]

mistakes self employed should avoid

Mistakes small businesses and the self-employed should avoid

Even though it’s important to make sure your financial records are accurate, it’s not often the most exciting part of working for yourself so here are some mistakes small businesses and the self-employed should avoid. It’s easy to focus on the more enjoyable aspects of running your business, but pushing bookkeeping to the back of your mind – and letting the documents pile up – […]

bookkeeping and accounting records

Updating Bookkeeping and Accounting Records

Every business should be regularly updating bookkeeping and accounting records, so business leaders can make the right decision with the figures and future of the business. Without updated books, any decision regarding product lines, pricing or customer capacity is really just a guess! Here are some big benefits of updating bookkeeping and accounting records on a regular basis and some tips to get you started with […]

making tax digital

Making Tax Digital for Business: VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD functional compatible software. The new rules will have effect from 1 April […]

company car fuel rates

New company car fuel rates

New company car fuel rates, which took effect from 1 March 2019, have been published. The guidance states: “You can use the previous rates for up to one month from the date the new rates apply” – so you must have ensured you change your company car rates by 1 April. The rates only apply to employees using a company car. The advisory company car […]

national minumum wage

National Minimum Wage changing in April 2019

The National Minimum Wage (NMW) and National Living Wage (NLW) are changing in April 2019. They are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules. There are different levels of NMW and NLW, depending on age and whether the employee is an apprentice. The rates are due to increase from […]