There are many reasons why a business may look at changing accountants, but they may be put off by the process. Making the switch can seem a bit daunting and scary, but it really is a lot more simple than you may think. But when is the right time to do it? Self-employed individuals may
For our next Client Feature, I spoke to Becca Stisted owner of HOST, an independent, speciality, small batch coffee roastery in Chichester. Tell us a little bit about your business, how it started etc? After years of enjoying independent coffee shops as a customer it was a dream to somehow be involved in the wonderful
Sole Directors of companies that have adopted Model Articles, may find they are unable to make valid decisions, due to a recent High Court ruling. If a business with a single Director has set their company up themselves using the model articles supplied by Companies House, then technically they are not able to meet the
How/why did you get into Accountancy? I started off in Sales Ledger and moved into Production Control. It wasn’t until my late 20’s that I found I had a real interest and passion for numbers, so started a University degree in Accountancy and Finance when I was 29 and began my first job as an
Making Tax Digital for VAT became mandatory for all VAT-registered businesses at the beginning of April 2022, and HMRC recently announced that changes to the VAT Penalty system will come into effect from January 2023. The changes due to be made will include the introduction of a new points-based penalty system which will bring the
Are you thinking of changing accountants? These days finding an accountant is easy with a quick online Google search of your local accountants. Here you find multiple accountancy firms offering all different types of services. But how do you know which one to choose? And how do you go about changing accountants? Here we look
What does your job as Payroll Manager involve? I run the payroll department and take care of managing and processing weekly, monthly, and annual payrolls as well as auto-enrolment pension scheme management. What does a typical working day look like for you? At the moment my time is split between the office and home, but
Below is a link to our 2022-23 tax rates card, which summarises many of the rates and allowances fundamental to our business and personal lives. Our tax card contains information on income tax rates. It also includes information on devolved property taxes as well as business, employment and capital taxes. Some key recent changes include:
When you dreamt of starting a business, those dreams probably didn’t include tracking your transactions and expenditures at 10 pm every evening! However, accurate bookkeeping and having a clear understanding of your financials plays an essential role in growing a successful business. Without up-to-date and precise visibility of your numbers, you simply cannot plan effectively,
Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your business. The most suitable structure for you will depend on your personal situation and your future plans. In this blog, we take a look specifically at what is involved in running your business
How did you get into Accountancy? I was always quite good with numbers so accountancy seemed like a logical route to take. After leaving school I went on to do A-level Maths, Accountancy and Business Studies at college. From here, I started an apprenticeship studying AAT part-time at college, while at a work placement the
Do you provide benefits to your staff or Directors? If so, then you need to make sure you complete your P11D Forms. What is a P11D? The P11D form is used to report benefits in kind. These are items or services which are considered to be of personal benefit to an employee or Director in
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