With Covid-19 restrictions having stunted a lot of businesses’ incomes, government loans have been helpful in the short term. However, these grants and loans were temporary fixes only. They did not prepare business owners for the second wave. Using loans for unavoidable losses and expenses results in an ever-growing money sinkhole. If, as a business…
You probably wonder what it is we get up to on our day-to-day. Do we spend all our time crunching numbers? Or do we take a break to play with our spreadsheets? Read on for a look into a day in the life of one of our accountants. 6:00 AM Rise. No alarm needed. I…
Nobody can claim that the current situation is easy for workers or small business owners. With Covid-19 having shut down and crippled large parts of the economy, and Brexit threatening a lot of what we know, the future for many in this country is uncertain. With the UK currently back in a recession, the idea…
Autumn is drawing in. While children are returning to school, Halloween decorations are appearing in the shops (“already?” You wonder). This means that it is time to begin considering your annual tax return subscription. You may have been registered as self-employed for a while, or you may be totally new to it. HMRC’s guidelines are…
What is Cloud Accounting software? With the modern age have come modern software solutions. The days of loose bits of papers and receipts flying around are over, as more and more firms have switched to online bookkeeping and tax filing services. But what is cloud accounting? If you’ve used Google Drive, Facebook or a mobile…
As the furlough scheme has been gradually winding down, across the country, there have been numerous redundancies. The economy is falling into one of the most extreme recessions of all time, and the impacts of that are to be felt keenly. With job losses looming and Universal Credit hardly offering enough to survive on, it…
Many people in this country have spent Spring and Summer on furlough. This has been a life-saving and important scheme, which has allowed people, who are not keyworkers, and are unable to work from home, to keep safe and still earn money. The government has been paying people 80% of their monthly salaries, up to…
When you are starting your self-employed journey, there are so many things you must consider. Perhaps you aren’t used to keeping records of things: you have to formalise your invoices, keep track of how many you send out, as well as the dreaded business expenses. But what is a business expense? A business expense is…
Covid-19 threw a spanner in the works for business owners across every industry and sector. Whether it was delivery companies, care homes and supermarkets becoming swamped with pressure and stock shortages, or manufacturing companies, designers, and pubs losing all of their businesses, lockdown will have a difficult and potentially long-lasting impact on the economy. The…
One of the many lessons to come out of the COVID-19 lockdown has been how easy and beneficial it is for some businesses to run remotely. Workers have benefitted from the greater flexibility working from home brings: No fighting others for a seat on the train in rush hour, no awkward coffee machine interactions, no…