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A large number of our clients are using Xero to maintain their accounts records and as a Xero Silver Champion partner we are well placed to help them get started and use it to its best advantage for their business. So if you are already using Xero or are thinking about using it what are our top five tips for getting started.…
It has been about 5 years since one of my clients had a visit from a VAT inspector. It always comes as a bit of a shock when they do want to arrange a visit especially as I was just about to go on holiday and they wanted the visit the week I got back!  There is, of course, always concern that they have a specific reason for visiting which they are not going to tell you about until they arrive!  This VAT inspection was with a business which hasn't had a visit for almost 20 years even though it has quite a complex VAT situation.  …
Having spent several weeks being bombarded by emails relating to GDPR I am beginning to wonder whether anything has actually changed. I received emails telling me I had to opt in, emails telling me I had to opt out and privacy policies from businesses I don't have anything to do with.  I know I am not the only one who has had enough of GDPR.  Of course we all want to do the right thing for our business and I am sure most small businesses were already protecting sensitive data anyway.…
Last week was a time of celebration.  A wedding has been the discussion of our office for the last few months and Saturday was the day.…
Last week I spent the day in London at the annual accountancy exhibition, Accountex, held at the ExCel. I first went to the exhibition two years ago and was amazed by the number of stands and variety of speakers.  Having skipped a year to attend the Sage conference, Sarah and I decided we would go to Accountex again to find out more about developments in the accounting industry.  We planned in advance what we wanted to get out of the day and went to different talks and visited different software stands so we could get the most out of it.…
Did you know you can choose which VAT Scheme you use to report VAT? There are several to choose from and it is worth considering which one is best for your business and for your cash flow. …
Not all bookkeepers and accountants are good at their job.  Each has a different sets of skills.  Bookkeepers do the day to day record keeping for your business, whilst accountants are better qualified to look at the overall picture of the business and advise on tax savings and planning.…
There is more to being in business than having a 9 to 5 job.  Being your own boss seems idyllic when you are employed, have regular hours and a regular income.  Being able to work as and when you want, where you want and how you want is the flexibility you crave when you are employed.  Being able to be choosy about the people you work with and the work you do is an exciting prospect.…
Now's the time to get your tax return for 2017-18 out the way.  The tax year finished on 5th April and tax returns will now be available to complete online.  The deadline for submission is 31 January 2019 but why wait for the deadline?  Here are some of the advantages of getting it done in good time:…
The VAT registration threshold will remain at £85,000 for the next two years until April 2020.  Businesses with sales of £85,000 in a 12 month period must become VAT registered unless their sales are exempt from VAT.   But if you are VAT registered and your income falls below the VAT deregistration threshold of £83,000 you can voluntarily deregister for VAT. …
261 articles 
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Unit 21 Portway Business Centre
Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

e: info@sandrasilk.co.uk
t: 01722 341820