Bookkeeping Blog and News
Read our tips and tricks, news, views and advice about accounting and bookkeeping.
A quick four-step guide to retirement planning
If retirement is well and truly on the horizon, then it's absolutely essential you start planning properly. That means more than just contemplating how many rounds of golf you'll be able to put in each week; it means understanding how much money you'll need to enjoy...
Are you ready for MTD VAT returns?
The requirements for VAT returns will be changing from April 2019 when the Making Tax Digital regulation comes into force. If your business currently makes VAT returns or is likely to exceed the VAT threshold of £85,000 by that date, you will need to comply with the...
The importance of bookkeeping in a business
Every company needs bookkeeping to make sure its finances are in order, 24/7. Poor bookkeeping practices can cause a great deal of mayhem. Here are a few reasons why bookkeeping is essential to every business. Be more informed As a business owner, you should have all...
Cash flow forecasts and why you need them
Understanding what sort of success you anticipate your business to encounter can be easily done with the use of cash flow forecasts. A cash flow forecast is, essentially, what you estimate the flow of money both into and out of your business is going to be over a...
Common mistakes when completing your VAT returns
Paperwork and filling out forms is often time consuming and boring, not to mention difficult. This difficulty is increased when you doing taxes and VAT returns, due to the sheer amount of information you have to review, and the numbers of rules and regulations you...
Top 5 tips for doing your own books
Doing your own books, or maintaining your own financial records, can provide a steep learning curve for first time bookkeepers. However, looking after your own payroll, VAT returns, forecasting and expense allocations is not as difficult as it first seems. Here are...
How to cut your costs by outsourcing your payroll needs
When you have a business to run, your time is of the essence. Managing your staff and their wages, plus all financial affairs for the business can start to eat into the time you would rather spend working on the business itself. If your company is growing and you have...