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WHAT IS THE "CLOUD" AND HOW DOES IT RELATE TO BOOKKEEPING? Put simply the "cloud" is a term used to describe a platform that allows software and data to be…
WHAT IS PAYROLL SOFTWARE? By definition "Payroll Software" is software designed to organise all the tasks associated with employee payment and the filing of employee taxes. Online payroll software allows…
Put simply, accounting is the profession of analyzing, interpreting and communicating the financial information of a company or individual. WHY IS ACCOUNTING IMPORTANT? Accounting is important in determining whether your business…
An accountant is a financial expert, who is there to provide advice on all financial aspects of your business. Your accountant should assist in filing your tax returns with HMRC…
Running payroll in the UK works through a system called Pay As You Earn (PAYE) and we will explain how this works in the UK and why it is so…
Year-end refers to the end of your company’s accounting period. It is also known as an accounting reference date for limited companies. This is when you close your accounting period…
The development of cloud-based accounting software has been a revolutionary development for businesses and individuals. Companies like Xero, Sage and Intuit have entirely changed the dynamic between those in need…
You’re a busy business owner, you’re spinning loads of plates and doing everything in your business, including your bookkeeping and staying on top of your accounts and financial information. Do…
What are the main reasons businesses fail? 80% – 90% of businesses that fail do so because of cash flow, while other culprits are lack of a business plan, lack…
Finances can make or break any business, which is why it’s so important to have a quality outsourced partner in your accountant. How do you know you when you’ve struck…