There are many bookkeeping tasks to complete as either a bookkeeper or small business owner. Complete bookkeeping duties on either a daily, monthly, quarterly or annual basis depending on what they are. Getting into the routine of completing bookkeeping on a regular basis can save the time and heartache of having to rush it when…
The House of Lords wants to slow down Making Tax Digital (MTD). It is due to be introduced to businesses that are VAT registered from 1st April 2019. It is estimated that without the delay 1.2 million businesses will start MTD from next year. All businesses with an annual turnover of more than £85,000, or…
Are you looking for Bookkeeping Business Names? Trying to choose the best name for your new bookkeeping business is important. The name will be one of the first things that a potential client will see. Try coming up with a few different names and then choose the best one. Your name is all part of…
Are you looking for bookkeeping templates for self-employed? Business Accounting Basics have several Excel Spreadsheets that can help to improve your bookkeeping procedures. All templates are free to download and easy to use. As a small business owner, it is easy to put your accounts to one side and concentrate on the sales and producing…
Are you looking for bookkeeping for self employed? If you are either a sole trader or in a partnership, you will need to register as self-employed with HMRC. You will be required to complete a self assessment tax return on an annual basis. Read our information on registering as self employed. On a self-assessment tax…
The first phase of making tax digital VAT will come into force from April 2019. HMRC had delayed the date, but they are now working closely with software companies to achieve the new deadline. Making Tax Digital what does it mean for me? If your business has income over £85,000 per year, you must register…
Xero is becoming a popular accounting software around the world. They have just announced their growth figures and have reported 43% growth. The UK market has seen an additional 79,000 users during the last year, with a total of 212,000 now using it. Worldwide there saw an additional 318,000 subscribers. Why is Xero so Popular…
Making tax digital for business will start affecting the smaller businesses which are not registered for VAT. It is expected to commence in April 2019. It is still unclear from HMRC if it will include all small businesses or if very small ones will be excluded. Small companies will have to submit their accounts online…
Online banking making business accounting easier. With so many people now choosing to bank online and being able to see their banks statements each day, this can make business accounting much easier. When running your own business you get caught up in the day to day running of your business, trying to sell your products…
If you are self-employed the self assessment deadline for 2014 is fast approaching. If you run your own business, it can be very difficult finding the time to complete your accounts on time and filing the documentation to HMRC. For the year ending 5th April 2013, the deadline date is 31st January 2014. Even if…
I am always asked by people what is the best accounts package to use? The answer can vary from one customer to another depending on their requirements. The Accounts Portal software review is based on requirements from one of my customers and trying to find different software suitable for them. The customer requirements were that…
Here are some simple bookkeeping basics tips for your business. Putting some simple procedures in place can assist you business, rather than trying to complete all your accounts at the last minute. Complete all your bookkeeping on a regular basis. This may mean putting an hour or two aside each week to update your records….