Invest in a good bookkeeper - we're worth it!
March 27, 2023
(with or without the luxurious hair-flick...)
ACCURATE FIGURES MATTERBeware the False Economy of 'Cheap' & Find Real ValueBlog by Ian AllenHow many times have you paid for something and it breaks after a handful of uses? Or you considered buying the cheap knock-off version of the latest Android phone because "it's t...
The Suspense Account - isn't it an Agatha Christie 'Whodunnit'?
August 16, 2021
It might sound like the title of the latest thriller
We've had The Accountant, The Shawshank Redemption, The Untouchables and even Monty Python believing it was 'fun to charter an accountant, and sail the wide accountancy' in their cinematic tribute to the profession in the Meaning of Life, but I doubt that The Suspense Accoun...
Bookkeeping 1.01 Debit & Credits, what's the difference? (and why is it the opposite way around on your bank statements?)
August 10, 2021
Dr & Cr or Debits and Credits what do they mean in the bookkeeping world?
In short, the debits are what you pay out of the business for example, wages, supplies, bills, rent, rates etc. whereas credits are what you have come into the business such as sales, services provided...
Working from home for the self employed
For those of us who own our own business as a sole trader have long been able to claim for 'office' expenditure when our office is in our home. If you read the HMRC website page - https://www.gov.uk/expenses-if..., you'd be forgiven for thinking that HMRCs explanation on how...
Rishi Sunak hits back with Bounce Back Loans (BBLS) for those struggling SMEs that had been left out in the cold by CBILS
When the coronavirus hit the UK, no one could've expected the unprecedented measures that the Treasury would put into place for the majority of people, whether an employee or business owner. However, as these began to be rolled out, it became apparent that some of these...
Do you really need a will?
May 2, 2020
Do you want your loved ones to pay the taxman as much as £103,000 more than they need to after you die?
This is what almost happened to a client of mine recently. He tried to execute the administration of a relative’s will himself to save money. He’d calculated the inheritance tax bill for their estate as £263,000, but realised he was a bit out of his depth...
Coronavirus Financial Initiative Update
April 25, 2020
There have been a couple of changes to some of the Governmental initiatives for financial assistance. These are:
Furloughing employees - dates have changed, this has now been extended to the end of June, plus the furlough date has been extended to the 19th March instead of 2...
Keeping mind and body healthy during lockdown
April 25, 2020
Physical and Mental Health During Lockdown
In these challenging times we have many hurdles to overcome. Many of us have had to jump over some hurdles already, and unfortunately many of us have been directly or indirectly affected by the virus itself.My article is designed to help you stay physically and mentally fit ...
Unprecedented Times
April 10, 2020
And the choices that we make
We have not experienced such a global pandemic in our lifetime before. The previous being the Spanish flu in 1918. The world is a very different place today than then, both personally and in business. Those of us in business are facing some challenging times, a few of u...
Coronavirus Business Interruption Loan Scheme (CBILS)
April 10, 2020
How to get your CBIL?
The Coronavirus Business Interruption Loan Scheme (CBILS) has been open for nearly 2 weeks, has already come under fire by all involved and has had much of the detail already repurposed into version 2 designed to make it easier to apply. Here's the information you need ...
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