Late announcement from HMRC! No self-assessment late filing penalty! Accountancy bodies have been lobbying HMRC for some time to extend the self-assessment filing deadline as agents have had to cope with extra pressures of government support schemes like furlough. “This year HMRC is not issuing late filing penalties for a month to help taxpayers and […]
Is your business affected by Brexit? With a deal still not on the table in seems likely, we will leave the European Union and revert to world trade rules. How your business will be affected depends on the products/services you provide. What are the key issues? • Supply Chains – Brexit brings a real risk […]
How can you ‘find money’? I think most people would like to find money! Finding money is an accountant superpower! Better record-keeping is the easiest way to see on a monthly, weekly or even daily basis, exactly where your money is going. Keeping your accounts up to date can help you understand which of your […]
What happens with a no-deal Brexit? Talks are continuing but it doesn’t look hopeful that the UK and Europe can strike a last-minute deal. If a deal is not reached the UK and Europe would default to world trade rules, but what are these? “The EU would impose taxes (known as tariffs) on goods coming […]
Do you understand accounting terms? Like most industries accounting has buzzwords, if you are just jumping into business or starting with new accounting software there are likely to be some terms you are not familiar with: General Ledger – A general ledger is a total record of all of your business’ financial transactions, both debit […]
Are you ‘on top of the books’? Businesses have had a lot to cope with this year, from scrambling to get online, eCommerce, furlough schemes, basically just trying to survive 2020! It is not surprising that we may have let back-office tasks slip. First, don’t panic, grab some coffee and follow these tips: Gather receipts […]
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