Cutting the cost of an Accounting 1. Use online accounting software Online accounting software is great for small businesses who don’t have much money to spend on accounting. You can use these programs to keep track of your finances, manage payroll, and even create invoices. If you’re looking for something simple, QuickBooks Online is free…
There are many different ways to find people to work for you. You could use online job boards like LinkedIn or Monster.com. Or, you could go directly to companies looking for help. But what about those times when you don’t know exactly what you want? What if you’re just getting started and don’t even know…
Tax returns are usually submitted every calendar year. However, there are instances where you might want to submit a tax return earlier. For example, if you have paid off some debts, you could claim back any outstanding tax owed. If you pay too much tax and think you owe less than £10,000, you can ask…
Getting a business bank loan isn’t easy. In fact, banks are notoriously difficult to deal with. They require strict documentation, detailed financial statements, and proof of previous success. But there is one thing that most people forget about when applying for a business loan: proof of income. If you don’t have enough cash flow coming…
If you’ve lost your job recently, there might be some good news coming your way. A government scheme could help you claim up to £2,500 in tax relief. The Jobseeker’s Allowance (JSA) provides financial support to people who are looking for work. If you qualify, it can cover your living costs while you look for…
The UK government has launched a guide to help people set up a private limited company. This includes information about choosing a company name, registering it and paying corporation tax. Companies are required to keep records for seven years, so you’ll want to make sure yours lasts longer than that. If you’re starting a company,…
Accounting is one of those professions where there are lots of different ways to do it. You can either go down the route of outsourcing everything or trying to keep up with the books yourself. But what if you don’t want to spend hours each month doing accounting tasks like invoicing clients or preparing financial…
Why would I choose a greater pay over a lower one? If you’re thinking about taking a pay rise, it’s important to understand what it really means. A high salary doesn’t necessarily mean you’ll make more money. You could end up earning less because of things like maternity leave, tax breaks, and health insurance. But…
How much vacation time you should have The statutory annual leave entitlement for workers in the United Kingdom is 28 days per annum. This includes bank holidays, public holidays, sick pay, maternity/paternity leave, adoption leave, bereavement leave, and flexible working. However, employers are allowed to give additional paid leave to their employees. Holiday accrual starts…
Accounting firms charge different rates depending upon the size of the company, and there are many ways to reduce how much you pay. In addition, accounting firms offer different types of services, such as tax preparation, payroll processing, bookkeeping and auditing. You can save money by choosing one firm over another, or even choose a…