There are some really smart people out there writing some really, really smart applications to help you with your bookkeeping – we use some of them ourselves and we are always happy to recommend and assist our clients in doing the same.
The following list isn’t exhaustive, but many of these we have personal experience of, and we know where their strengths and weaknesses lie.
Read MoreSelf-assessment tax submissions are well on their way for the 2018/2019 tax year and we thought we might help by giving these useful tips!
Read MoreThe highlight of day two at Xerocon was Major Tim Peake’s talk about his experience on the International Space Station. It was remarkable to listen to how he had to train and what he had to experience and go through to prepare himself for the job he had to do on the space station. It made me realise that if you want to achieve your ambitions, you need to prepare, train and work hard to get what you want. Nothing happens just because you’d like it to.
Read MoreWhat a day!
We started the conference at 9am with an introduction from Steve Vamos, CEO of Xero Global and Gary Turner, CEO of Xero UK. They shared their stories and it really helped me to understand why Xero, as a company, does what they do.
The thing that I realised is that we all have a story to tell and these guys stories are not so different from yours or mine.
Read MoreEveryone is talking about disruptive technology and how this has changed all professions and accountancy is no exception.
We have seen a huge change in our profession from traditional desktop applications to cloud-based packages that all link to each other and do useful and necessary tasks very quickly and efficiently. We have been getting lots of queries lately about what exactly do businesses need and how accountants can help businesses.
Excellent question well presented!
Read MoreThe ICAEW Practice Committee meeting was held in September in London and it was well attended with people coming from all over the United Kingdom. The attendees were members of all manner of practices and it was great to see everyone’s involvement and commitment towards the goal of improving standards within the profession.
Simple steps to help you and your company with cyber-attacks include:
Read MoreThe 2018.2019 self-assessment submissions are in full swing and the final deadline for submitting and paying your dues are the 31st of January 2020.
Approximately 90% of self-assessments are submitted electronically which makes it easier and quicker to submit. So why waste time in worrying about submitting your self-assessment if it can be done so quickly and easily? Don’t run the risk of getting it wrong by waiting to the last minute, send us your tax information and we will do the rest!
Read MoreThe first thing to remember is that Scotland is different than England and Wales. Very different! If you register a company in Scotland, you will always need to have a Scotland registered office and vice versa. So, make sure you are happy with the company being registered in Scotland.
Read MoreDue to new EU regulations related to the banking industry, some bank feeds will stop working between August and September. This change is designed to improve information security and transparency. Basically, the feeds set up through a third party (e.g. Yodlee) will be stopped and a feed will need to be set up directly with a bank.
Read MoreOur main takeaway from today is that there are sooooo many suppliers and vendors that offer amazing suites of programs that just blow your mind, but that doesn’t mean they are right for all businesses.
As an accountant, it is good to know about all these programs and what they can offer; that there is value in building a relationship with vendors to help our clients to determine what is the best program for them, their business and their budget. There is nothing more frustrating that paying for something you don’t use or don’t know how to use.
Read MoreWe went to the Accountex Conference in London for the first time and honestly, we had no idea what to expect. It was AMAZING.
All the big vendors were there and we were able to quiz them about their products, get training and demonstrations and secure treats. It is all about the treats 😊
We loved the following vendors stalls because we got to learn more about their tools:
Read MoreThe world has changed. How we do business has changed. This is true for accountancy and the financial services industries. If we think back to 10 years ago, accountants faced the problem that business owners wanted to reduce their accounting costs by installing their own accounting desktop program and doing all their own processing. They sometimes appointed qualified or unqualified bookkeepers to lessen the burden in terms of administration and workload. This presented a big problem for accountants because they got involved in a lot of fixing – correcting mistakes that people made or completing administrative tasks that they did not have time for or weren’t aware of.
Read MoreThey have taken their time about it, but Her Majesty’s Revenue and Customs (HMRC) are now insisting that everything goes digital. Going ‘digital’ is hardly new; we access our bank accounts online, we advertise our businesses online and we even order our groceries online, so this is far from bleeding edge. What does HMRC mean when it talks about going digital?
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