New VAT rules are due to come into effect from 1st March 2021 which will impact on accounting for VAT for transactions in the construction sector. The new rules are called “the domestic reverse charge for supplies of building and construction services”. This is a… Read More »Reverse VAT Charge for CIS
Running a limited company is a hugely rewarding career for many reasons however, it is always important to be aware of the risks involved which is why we offer contractor accounting services and all types of business accounting services. This blog post outlines the various… Read More »Limited Company Contractors’ Insurance
Before we begin this post, we want to outline the rule of thumb whenever you get a call or email that you are suspicious of. No authentic organisation would object to you speaking to your accountant before transferring any money or even having a conversation… Read More »Scam Emails and Phone Calls
As the IR35 reform approaches, some companies are announcing that they will not be engaging Contractors. Instead they intend to only use them if they are hired through agencies under PAYE – basically taxed as staff, but without the benefits of staff. This effectively allows… Read More »Tax Calculations – Limited Company v PAYE/Staff
We often have clients asking us about claiming home to work mileage. It can be confusing to understand, so we put together this blog post to help make it clearer. The rules can be broken down as follows: Home to work mileage The length of… Read More »Home to work mileage, what can I claim?
As of 2018, any personal data processed by organisations and individuals is affected under the General Data Protection Regulation (GDPR). This refers to any personal data (which could include names, addresses, phone numbers, NI details, etc.). It was introduced to protect this information and hold… Read More »ICO Letters – GDPR
It is that time of year again when most of us are going out to enjoy numerous Christmas parties. But do you know exactly what you can claim and are you making the most of your expenses? Staff Christmas Parties The cost of a staff… Read More »What can employers claim at Christmas?
The following case study will focus on the positive benefits that Cloud accounting has had for our trade clients. While the below is not an actual client of ours, he represents a combination of issues that our clients have experienced. We resolved all these issues… Read More »Cloud Accounting in Reality – A Case Study
Over the last few weeks we have been discussing the many advantages of Cloud Accounting. This week we will summarise all the information in those posts and will follow next week with some real-life examples of how Cloud accounting can benefit a business. Time Saving… Read More »Cloud Accounting – A Summary
Following on from last week’s blog post about Reporting using Cloud Accounting software, this week we are looking in more detail at Projects, Timesheets and Classes. We do not typically add these three features for newer users, but will normally allow clients to get more… Read More »Projects, Timesheets and Classes
The reporting feature available with Cloud Accounting is one of the widely recognised benefits of using such software. It allows you to see current and accurate information easily and quickly. It takes out the leg work by automatically generating customised reports and allows you to… Read More »Reporting with the Cloud
Among the many advantages associated with Cloud Accounting, time saving is one of the most important. As a business owner, you want to focus on what you do best – running your business. Now you can let the software do the bookkeeping for you and… Read More »Save Time on the Cloud