On the 16th of March the government announced the 2016 Budget. In this summary we have focused on the main issues that affect small businesses. Full Budget – you can get it from HMRC here. Timing – some of these announcements come into effect now or shortly but many of them are for the year after or beyond. Largely a positive budget …
Digital – the future of accounting event : 15th March, 6pm – 8.30pm, Birmingham
Next Tuesday evening I will be hosting a session at the BPP Birmingham in association with the Association of Chartered Certified Accountants (ACCA) on the subject of the future of accounting. I will be covering: Digital and the cloud changes everything What does the customer want? The future of accounting in business and practice How to become a successful digital …
ICAEW FCA (Fellowship) designation awarded
I was honoured to be awarded the coveted title of Fellow by the ICAEW this morning. In practical terms, this means I can use the letters FCA after my name, instead of ACA. But the FCA designation stands for a lot more than this. Achieving ACA accreditation in itself is gruelling – requiring some 3 – 5 years practical work experience and …
How automated are your business finances?
In this blog we are going to talk about how to automate your business finances and what we have seen and what we are doing in this space to aid our mission to make UK SME businesses more successful. But firstly we want to share something with you…….. SHARE OUR PERSONAL ASSISTANT FOR FREE Yes, that’s right. Amy is our personal …
New Year & New Business Incorporation?
The New Year prompts all sorts of resolutions in people like lose weight, get fit, achieve that elusive goal or start a new business incorporation If one of your resolutions was to get a new business and take control of your future then this might be the perfect piece for you. Firstly let’s get the ‘pitch’ out of the way …
Innovative New Way for Personal Tax and Self Assessment
Is Innovation Dead in Personal Tax? It’s that time of year again. Alongside Christmas shopping and mince pie eating, many of us need to start thinking about our taxes. You may be one of the 12 million UK residents that needs to file their self-assessment tax returns at the end of January, but it doesn’t have to be accompanied by …
(Tax Efficient) Piss Up in a Brewery
Last Thursday after work and after particularly busy week I visited the local brewery. Was I in need of some refreshment? Was I looking to cut out the middleman? Was I a digital accountant looking to get sloshed? Was I looking to support local business? Well the answer is all of the above! I went along to our local brewery …
Starting up your business: Practical issues
You’re ready to start your new business; you’ve done your research, tested your product and obtained the best advice you can. There are a few more things you need to consider before you start trading. 1. Who do I need to notify? If you have chosen to be a sole trader you must notify HM Revenue and Customs (HMRC). You …
SMEs owed shocking £62.5bn in unpaid invoices: biggest problem and biggest asset
SMEs do not have to accept late payment by default. They can both address this problem with the latest technology and also use late payments to fund their business. The Problem British SMEs are owed £67bn in unpaid invoices, with manufacturing and construction companies the biggest victims. Research by the Asset Based Finance Association (ABFA) said the huge total is …
14 benefits of digital online accountants vs. traditional accountants – can your business afford not to make the move?
Summary: In short, using online accountants, you will earn more and work less. It sounds like a big claim – improbable even – but it’s true. Henry Ford realised that the answer to modern transportation is not a faster horse but a wildly different approach. Traditionally your accountant and you operate completely independently with different systems and only once a year do …