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Bookkeeping and Accounting Services In Shropshire

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hhow to become self employed

How to become self-employed

If you are wondering how to become self-employed, here are six questions to ask before you take the freelancing plunge. Becoming self-employed is a dream for many of us – even us here at The Hollies Bookkeeping in Shropshire! The benefits include working your own hours, fitting your job around your lifestyle and being your own boss. Generally, it’s a lot more flexible than working […]

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 […]