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On 4 October 2018 the government issued a press release which stated that new measures were in place to end the problem of late payments to small businesses.  It stated that nearly a quarter of small businesses suffer from late payments which threaten their survival. …
The summer holidays are in full swing and you may be wondering whether you should pay your staff while they are on holiday. All employees and workers are entitled to paid holiday which begins to accrue…
In their simplest form management accounts inform the business owner and managers (where appropriate) of the key numbers for their business.  Every business is different and whilst some key numbers are important in every business each business might like to keep track of a different aspect of their business.…
Finally the month for submission of VAT returns via MTD arrived and we survived. Months and months of talking about it, reading about it and watching webinars. Then we just had to get on with it. …
Whilst we are still part of the EU VAT registered businesses which supply goods to a customer in a EU country must charge VAT at the standard UK rate.  However if that customer is VAT registered, as long as they provide you with their VAT number you can…
If you are a sole trader or consider yourself to be self-employed you will need to declare your income and expenses to HMRC at the end of each tax year through a self-assessment tax return.  Even if you earn income in addition to being employed and receiving pay through a payroll from your employer you need to declare your additional income to HMRC.  The only exception to this…
With the school summer holidays just around the corner you may be wondering if you can employ a young person to help you out in your business.  The benefits for both you, as an employer, and the potential employee can be valuable.…
The newest recruit to our bookkeeping team joined us at the beginning of May. Ryan is a trainee currently about to complete his Level 3 exams.  I know Ryan is really enjoying the variety of work we do and being able to learn from our experienced bookkeepers but I thought it would be interesting if he wrote about why he chose to do accounts and how he has found the first few weeks.  This might help others considering a similar change because it is always daunting, as well as exciting, to take a massive step in a different direction. Here is the beginning of Ryan's bookkeeping journey.…
As a business owner how often do you review the costs going out of your business or do you rely on someone else to do that for you? Costs reduce your profit so you really need to understand exactly what running your business and creating your turnover is costing you. These are our tips for checking your costs…
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.  If you are using Xero in your business and you would really like some help to use it better we have some bespoke training sessions available for you to book in August.…
232 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