by Georgi Rollings | 16th June 2021 | Making Tax Digital, Sole trader, Tips and Tricks, VAT
At the moment Making Tax Digital is only mandatory for VAT-registered businesses which are over the VAT registration threshold. And even then it is only a requirement for filing VAT returns. But is Making Tax Digital just for VAT? The short answer is no. MTD for VAT...
by Juliet Wylie | 11th June 2021 | Accounting, Start ups, Who we are
Around 20% of UK companies fail within their first year. According to figures from the Office for National Statistics, only 42.4% of businesses are still trading five years after being set up – and those stats pre-date COVID. Typically, one of the main causes is...
by Jennifer Grocott | 30th December 2020 | Bookkeeping, Limited company, Sole trader, Start ups, Tips and Tricks, Xero
Rather than a necessary evil, bookkeeping is vital to the success of your business. You’ve chosen Xero because you know having the best technology on your side is going to make it far easier on you to get the bookkeeping done and see that success faster. In the past,...
by Georgi Rollings | 9th October 2020 | Business Planning, Limited company, Sole trader, Start ups
In order to make the kind of decisions that will enable you to grow month on month, year on year – you need to know how well your business is performing. It’s awfully hard to make a sound decision when you don’t have anything to base it on, isn’t it? That’s why...
by Jo Wormald | 4th September 2020 | Business Planning, Tips and Tricks
Hospitality folks – hang in there. These last too-many-months of COVID have been hard on you. Not only have you had to adapt to a national lockdown, but you’ve come out the other side faced with fresh new challenges to overcome. * Reduced covers due to social...