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Bookkeeping and Accounting Services In Shropshire

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VAT change building construction

Major VAT change for building and construction sector

A major change in the way that VAT is accounted for in the building and construction sector which will take effect later this year may cause chaos. The warning comes from the Federation of Master Builders (FMB) which says that the VAT domestic reverse charge for building and construction services, which applies from 1 October 2019 is an anti-fraud measure. Invoicing and VAT returns It […]

are you eligible for marriage allowance

Are you eligible for Marriage Allowance?

HMRC has admitted it overestimated the number of people claiming the Marriage Allowance last year so are you eligible? In a publication released in June 2018, HMRC said more than 3 million couples were benefitting from the tax break. But revised figures released this month show that the real number is fewer than 2 million, meaning that many are still missing out! What is the […]

hiring a bookkeeper improves your health

Hiring a Bookkeeper improves your health

It has actually been proven that hiring a bookkeeper improves your health! Yes, you heard us right! And we are going to tell you how and why! Getting help with your books might not be something you have given much thought to as ways to improve your health and lifestyle go. But speaking to our clients, they often tell us the last thing they want […]

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 – […]