Business owners need to keep accounts in order to determine their profitability (or not) and to satisfy HM Revenue & Customs requirements so there can't be many business owners who aren't using one of the myriad of accounting soft…
Last week I was invited to attend, with some other local bookkeepers and accountants, a consultation meeting with HMRC and the Office of Tax Simplification to provide feedback on several suggestions being proposed by both organisations around tax.
As a self-employed person do you ever wonder what expenses you are allowed to deduct from the income you earn? Do you worry that you are not claiming everything you could? Or perhaps worry that you are claiming things that you shouldn…
There is a vast array of accounts software available for keeping your accounts which can be overwhelming if you don't know what you need to do or the best way of doing it.
Both an accountant and a bookkeeper have valuable roles to play in your business and generally you need both and not one or the other.
A very simple explanation of their roles is