Latest News & Updates
Cost Type: Direct & Indirect
Cost type: Direct & indirect Firstly, all accountants love labels, consequently one of these applies to costs. Direct and indirect costs differences Furthermore it is important to know the difference. As re result this helps when it comes to: Pricing of goods and...
Understanding Costs
Understanding Costs: How do they behave? Firstly understanding costs and your business numbers help with a variety of things, including: Pricing of goods and services Business planning Cash Forecasting Controlling costs Understanding profitability of customers,...
Not For Profit & Private Businesses
Not for Profit & private businesses- they all count. Above all, businesses are typically classified as private or not for profit (NFP). Not for profits typically include many art organisations, charities, Community Interest Companies (CICs) and social enterprises....
Ready For Making Tax Digital?
Ready for Making Tax Digital ? There has been a lot of news and noise about Making Tax Digital (MTD). The purpose of this short blog is to remind you of the key points about MTD, which becomes live on 01-Apr-19. Making Tax Digital MTD is compulsory if you’re VAT...
Healthy Business, Healthy You
Having a healthy business is like having a healthy you A healthy business is what we all strive for. This blog will outline a five point approach for getting and improving business health, and how the approach has a lot in common with getting and improving personal...
Maintaining & Growing Business
Firstly maintaining and growing your business requires many things. For example, customer satisfaction, providing good products and services. similarly a motivated workforce, and good relations with suppliers also count. Growing your business Furthermore an area often...
KPI’s- Manage What You Measure
Take charge of your numbers It becomes challenging to know how your business is doing, your progress to your objectives, what you are doing right unless you are measuring and reporting your progress. These measures are commonly referred to as Key Performance...
Prepare For Making Tax Digital- MTD
Prepare for Making Tax Digital -MTD, of 01-April-19 will soon be upon us. HMRC have started sending out nudge letters to VAT registered businesses. We have already registered our own clients with HMRC and migrated them over to our preferred platform of choice, Xero. ...
Property & Tax- 5 Points
Property & Tax Five points Property Investors should take onboard when it comes to property and tax. 1 Consider the type of property and time frame of the investment, short term or long term. Property will either be commercial and/or residential property....
Cloud Accounting & Xero
Get started with Cloud Accounting and Xero Firstly financial and business information plays a vital role in the management of businesses. Furthermore it is used for numerous day-to-day operations to help: Comply with accounts, tax, PAYE and VAT obligations Tell us...
Keep Business Cash Flowing
Keep business cash flowing Firstly keeping business cash flowing is the most important financial commodity that keeps the business wheels rolling. Secondly cash is the life-blood of any business and is vital for survival, sustainability, investment and growth. As a...
Tax Return’s: Need To Know
Tax Return's Firstly there's three key tips in for you to consider if you haven't filed your Tax Return yet. More importantly the clock is ticking, the 31-Jan-22 is D-Day, and if late penalties will apply, even if no tax is owed. We’re in full swing here at I Hate...
Xero Conversion: Set Up Guide
Xero Conversion set up guide Set up Xero today! 1. Business legal name & associated registration and tax references 2. Financial year end for your organisation. 3. Logo, payment terms and a starting point for your invoice/credit note numbering sequence 4. Email...
Making Tax Digital- MTD
In the digital age, the UK tax system is evolving to become more efficient, effective, and taxpayer-friendly. Making Tax Digital (MTD) is at the forefront of this transformation, aimed at positioning HMRC as a global leader in digital tax administration. But what...