How to find a qualified accountant?
“Accountant” can be the name that describes a whole range of different people that may or may not be qualified. In the UK, anyone can be an accountant or bookkeeper, without any professional qualifications or relevant experience in the field. This means you have the responsibility to search for a reliable accountant if you need…
Bookkeeping basics for the Self-Employed
Even if you don’t own a limited company, you work as self-employed and you have an accountant who does your taxes, you need to have some basic understanding of bookkeeping needs. This way, you can make sure to save the correct information so you can have accurate books for the year-end. Also, you will get…
DIY Accounting VS hiring an Accountant
There are a lot more types of accountancy and support services available for small business managers on the market now then 5 years ago. Small business managers can work with a specialised accountancy company, hire a freelancer or work with one of the hundreds of DIY accountancy software available. On one hand, it may seem…
Advantages of Online Accountancy Services
Even if your company is a small one, you might have noticed that there are a lot of time consuming aspects about the daily management. All the bookkeeping tasks you have to perform day by day in order to keep all the records up to date with the administration may seem overwhelming in the beginning,…
Limited Company Bookkeeping Basics
The truth is no one starts a business to do the paperwork, and most small business managers just think at the bookkeeping as another boring task that won’t end up in having results in sales. Most people think at the paperwork as just a necessary evil, but keeping a clean and accurate account is actually…
Bookkeeping Mistakes Made by Small Businesses
Most of the small businesses owners have little to no experience with bookkeeping, and they often make the same mistakes. Let’s see which the mistakes you should avoid if you are starting your own small business. Most managers start a new business thinking about how much they know about their domain, and how they are…
Benefits of Payroll Outsourcing
At the time when they start a business, a lot of managers have little experience or knowledge in accountancy and running their own payroll. That is why the payroll process may seem a bit confusing and challenging. Also, they may feel intimidated by the fact that they can be penalised for the errors. Most small…
Small Business Accounting Software Vs Manual Record Keeping
The key to a successful business is having an efficient bookkeeping and accounting system. There are several methods to do this, and you should always choose the one that suits your business. Small businesses can choose to do their bookkeeping manually, by recording every day the incomes and outgoings. As the business grows, it may…
Tips for small business bookkeeping
Here are a few useful tips about bookkeeping that will help you avoid errors and develop some good habits when it comes to record keeping. It may not be your favourite task, but by learning a few tips and tricks about bookkeeping from the beginning, you may avoid making expensive mistakes in the future. If…
How to Save Money with Online Accountancy
In order to be successful and efficient, all businesses should keep accurate accounts; this is required by the HM Revenue & Customs, but it is also the best way to help business managers keep track of their profit and losses. Keeping these accounts could be a fulltime occupation for a bookkeeper if you decide to…