1 Accounts is a family run business with the Donno family all depending on the businesses survival. When lockdown was announced, Paul could have panicked – but he didn’t he stayed calm, collected his thoughts and worked out how to overcome the biggest crisis businesses have faced since the war. So what has Paul done … Read more How has Paul kept positive during lockdown?
Our new service for Sole Traders. We have all asked the question “will periodic lockdowns become the new norm?” – No one knows, but just in case we have launched a brand-new service for Sole Traders. All you have to do is take a photo of your receipts and issue your sales invoices – that’s it! This blog update has been written … Read more Our new service for Sole Traders
More information on the job retention scheme … Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked … Read more More Information On The Job Retention Scheme…
How to survive Lockdown. Being on ‘lockdown’ and staying away from others can be a lot harder and more challenging than we probably could have imagined. The majority of us come into contact with people many times a day, even if we aren’t ‘socialising’ we come into contact with strangers all the time. From a … Read more How to survive Lockdown.
We get by with a little help from our friends. This classic Beatles song has never rung more true. Right now we all need a little help from our friends. In the current circumstances it is time to work together and pull on whatever resources you can. We are always humbled by the help and … Read more We Get By With A Little Help From Our Friends
Here to Help You and Your Business TOGETHER On Friday the 21st of March the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. The package of measures to support businesses includes: The Coronavirus Job Retention Scheme Deferring VAT and Income Tax … Read more Here to Help You and Your Business Together.
2019 2019 was another great year for 1 Accounts Online. We have streamlined our processes, brought in more team members and continue to provide a great service to our clients. With new advancements in technology such as open banking and MTD it is an exciting time to be a part of a rapid changing industry. … Read more What happened in 2019?
Making Tax Digital – Are You Ready? July 2019 marks the period that you have to submit your VAT returns using HMRC’s new Making Tax Digital (MTD) regime. Already Accountants, VAT registered businesses and HMRC are struggling to cope. Take a look at Accounting Web’s report on how HMRC’s systems were already struggling in May … Read more Making Tax Digital – Are You Ready?
April Update With the start of a new tax year, lots of bank holidays and new starters 1 Accounts have well and truly stepped into spring! Start of the Tax Year The 6th of April marked the beginning of the next tax year. With this brought some changes to personal allowance, minimum wage, student loans … Read more 1 Accounts April Update
Happy New Year The 6th of April marked the first day of the financial year. This brings a few changes to individuals and businesses. The Personal Allowance The personal allowance (the amount you can earn before paying Income Tax) has increased from £11850 to £12500. This will lead to a small reduction in tax. For … Read more Happy New Year