The Prime Minister recently announced a 1.25% increase to National Insurance from April 2022. Here we explain what this change in rates means for small businesses and the self-employed. Speaking at the beginning of September, Boris Johnson announced plans to increase National Insurance in April 2022. The increase of 1.25% is designed to fund the […]
Managing invoicing in a small business is very important and should see this this as part of essential operations. Managing invoicing is a serious operation as it ensures customers pay more promptly. Businesses with poor invoicing practices often have poor cash flow and customers don’t have any reason to pay on time. Managing invoicing can
Keeping records for your tax returns is so important for both small businesses and the self-employed. If you keep your records for your tax returns in an organised manner then it will be easier for your accountant, us and HMRC. We always advise any new company to keep on the right track by keeping good
Bookkeeping for farmers, agriculture and rural businesses is a very specialist area and requires expertise and knowledge of the industry. Samantha has over 20 years management accounts experience in various industries including agriculture and has managed farm accounts in both the husbandry and arable sectors. If you are a farmer or work in the agriculture
If you are a small business owner then you probably think that hiring a payroll expert will be too expensive. You feel that you can handle this job yourself and you are probably right however here are 3 good reasons why you should outsource your payroll. You waste valuable time If you are not experienced
Are you a small business, wondering if you need bookkeeping services? Many small business owners pride themselves on doing everything themselves. This is resourceful and can minimise costs when you first start up your business however as your business grows so does your responsibilities. Within a short amount of time a ‘do-it-yourself’ approach can become
When small businesses grow, they often have to operate PAYE as part of their payroll and certain tasks need to be carried out each tax month. We thought now was a good time to explain how payroll works. Payroll systems manage everything there is to do with the process of paying employees and filing employment
How bookkeeping works can be simply explained as the process of recording all financial transactions made by a business. We as bookkeepers, are responsible for recording, classifying and organising every financial transaction that is made by the business operations. Now at this stage, we must point out that bookkeeping differs from accounting. The accounting process