How many times have you ended a conversation with your accountant more confused than when you started? If your answer is yes “most of the time”, fear not! Many business owners understand the meaning of the accounting words but not what they mean. Add debits, credits, registers, and journals and a business owner’s head could …
What are the Basic Accounting Terms All Business Owners Should Know? Read More »
When you have a small business, the money matters a lot. It has your debits, credits, sales, financial statements, payrolls, cash flows, and taxes. Working hours can really increase, especially with taxes. Sometimes, when a business is just starting out, these responsibilities fall directly on the owner’s shoulders due to financial problems. But if there’s …
Are you looking for better ways to focus on increasing your business profits? If so, one of the easiest decisions a business owner can make is to outsource their accounting services. In recent years, it has become increasingly popular for companies to outsource their accounting. It is increasingly common for teams to work remotely as …
Deciding whether or not to outsource payroll services is a challenge. Although payroll functionality is essential, factors such as cost and compliance also contribute to the decision-making process. It is necessary to understand the benefits of payroll outsourcing so that you can be confident in your choice. In this article, we ask “What are the …
If you are a business owner, seeking the services of an Accountant in London – UK can make a huge difference to your business operations. In fact, it is advisable that you seek the help of such a professional in order to conduct more meticulous and effective bookkeeping for your company. All businesses have local …
What Can an Accountant in London Do For Your Business? Read More »
No, sole traders don’t need to register with Companies House in the UK. But before we answer this question, you have to understand who is a “sole trader”. What is a Sole Trader? If you are self-employed and the sole owner of your business, you are considered a sole trader. Unlike a corporation, individual owners …
Does a Sole Trader Need to Register with Companies House? Read More »
As a small business owner, you have heaps of “things to do” on your plate. You know, all the little things like building your brand and building customer relationships. Unfortunately, when internal payroll processing is added to the list, time-consuming manual tasks are an essential part of the “to do” equation. You don’t have time …
How Payroll Services Can Help You in Your Business? Read More »
Many small businesses, startups, and entrepreneurs find it difficult to hire an accountant. Especially with the right skills to prepare your company’s financial statements, manage bank accounts, analyze financial data and prepare invoices issued. Nowadays it is even more difficult to find a qualified and suitable person at an affordable price. More than 1/3 of …
What are the Benefits of Outsourcing Your Accounting Services? Read More »
National insurance security contributions are paid from income from employment and self-employment earned above the NI limit. NI employees do not pay out their earned income when they reach retirement age, even if they continue to work. Self-employed persons who reach the state pension age and pay class 4 premiums will continue to do so …
Nobody wants to pay their bills, but at least HMRC wants to make paying a VAT invoice easier. There are several ways to pay for them. Can I Pay My VAT Bill Over the Phone? No, you cannot call HMRC and pay taxes over the phone, but you can use your bank’s telephone banking service. …
