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Archive for 2020

52 articles in Archive
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The Christmas and New Year break is a good time to reflect on all that is good and not so good with your business. Business owners have chance to step back and take time to look at what works, what doesn't and what could be better as well as planning for the coming year.…
HMRC have produced clear guidance on what individuals and businesses will need to do when we have left the EU on 1 January 2021.  There is an HMRC tool to use which will give specific information for your own personal or business circumstances which can be found here.  …
Whilst this has been a tough year for many businesses there are some people who decided that this year was as good a time as any to set up a business.  Some people will have found the time to think and plan what they really want to do whilst they had more time on their hands.  Some people will have always had an idea in the back of their mind and this year has given them the opportunity to explore the opportunities and take their idea forward.  Others may have a hobby which they have been able to spend more time on and have found there is a market for their product. You may not think you are setting up a business.  Its just a bit of extra income.  But…
Businesses who deferred their VAT payment which was due to be paid between 20 March and 30 June now have 3 options for payment.…
Calculating holiday entitlement can be confusing.  Employees are legally entitled to have 20 days paid holiday plus 8 bank holidays each year.  If the employee works part time their entitlement is based on the number of days each week they work.  For example, if they work 2 days a week they would be entitled to 2/5ths of 20 days and 2/5ths of the 8 bank holidays. Employees must take the minimum…
As qualified bookkeepers and not qualified accountants we don't offer accountancy compliance services such as tax returns, partnership or limited company accounts.  This is because, whilst we may have covered the foundation of these in our bookkeeping  qualifications, we don't have the knowledge or experience to give our clients the advice they need on tax matters. Of course we know what can be claimed for both VAT and tax purposes but when it comes down to knowing how best to use the tax rules for your personal and business circumstances we leave that to accountants who work with tax matters frequently and for more clients and therefore have the knowledge and experience that we don't.   Because we choose not to do this work…
How does your response to new enquiries reflect on you and your business? Do you pay for advertising but don't bother to follow up when someone makes an enquiry? The way my enquiry is dealt with, whatever the type of business, will, in most cases, will make my decision for me.  If I contact two or three companies with the same enquiry the one that is responsive, interested and helpful will be my choice.  First impressions really count. This was really brought home to me over the last few weeks…
Do you keep track of your payments to suppliers and receipts from your customers? Not all suppliers are efficient in keeping track of the incoming payments from their customers and equally not all customers keep track of how much they have paid their supplier.…
There are just 3 months left until the deadline for submission of your tax return for 2019-20.  Late and non submission will incur penalties starting at £100 and will increase if the return is over 3 months late.  During this year the importance of submitting tax returns on time became clear because those who hadn't weren't able to receive the SEISS grant which was based on tax returns submitted in previous years. So how do you know if you need to complete a tax return…
Following on from my article last week about finding the right bookkeeper for you this article will give you more insight on the bookkeeping services we offer to our clients. …
52 articles in Archive
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Unit 21 Portway Business Centre
Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

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