If you decided to outsource your bookkeeping would you choose a bookkeeper or an accountant? It can be confusing because many accountants offer bookkeeping services and therefore are a one-stop shop for your bookkeeping and your tax ret…
When keeping your accounts records you can choose whether to record your transactions on a cash or accrual basis so it is important to understand these terms when it comes to understanding your finances as they can each give a different picture …
All businesses need to keep an annual record of their income and their business expenses in order to report them to HMRC through a tax return if they are a sole trader, through partnership accounts if their business is a partnership or through statut…
One of the services we offer is Xero training. There are many businesses using Xero who may be unsure of whether they are using it effectively for their business. Or they may feel they are not using the software to its full potential.…
HMRC have this month updated their Notice 700/22 relating to Making Tax Digital. The update shows that bookkeeping entries can be made much more simply than was previously described.
