Have ‘New school’ accountants replaced ‘old school’ bank managers?

'New school' accountants have replaced 'old school' bank managers for small businesses - blog

We have an increasingly complex financial ecosystem, yet UK businesses feel that they have no one to turn to.  It’s not surprising, since we’ve seen a reduction in bank branches and bank managers over the past 20 years, but what business owners don’t know is that they do have someone. To help SMEs in a … Read more

When do I need to send my Tax Return Information to my accountant?

Calendar and alarm clock

Your self-assessment tax return is the document that is needed to calculate how much tax you owe personally. This return includes your dividends, employment income, rental income etc. One way to ‘stress out’ your accountant is to send them your tax return information in January. However, many people don’t understand why January is so stressful … Read more

What information is needed to complete my personal tax return?

documents

…… AND WHY! It’s that time again ….. tax returns! From the 6th of April, accountants start to request information from clients. In this blog, we will go through what information accountants need and why. At 1 Accounts we request the below information from all of our clients via our Karbon software. A secure virtual … Read more

Claim Your Small Business Grant – TODAY

The small business grant - are you eligible

Claim Your Small Business Grant – TODAY If your business is eligible for small business rate relief OR rural rate relief: Your local authority will provide you with a one-off grant of £10,000. (So, doesn’t need to be paid back).  If you are a retail, hospitality or leisure business: The government is giving you a … Read more

Our new service for Sole Traders

Computer with light. New service for sole traders

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

Help for Sole Traders

Help for Sole traders

What help is there for Sole Traders! Lockdown has most likely left you anxious about your future and desperate to find away to financially survive until June. Regardless of your political persuasion the government are doing there very best to help you get through. Click here to look at our blog issued after Rishi’s announcement. … Read more

How to survive Lockdown.

Prison sells - lockdown

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

We Get By With A Little Help From Our Friends

We Make Pictures Logo

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

What did Rishi mean I get 80%?

Germ

What did Rishi mean I get 80%? The government has at last announced a package of support for self-employed individuals and clarified more about how to access the coronavirus job retention scheme. Let’s start with the Coronavirus Job Retention Scheme: In terms of the clarified advice on the Coronavirus Job Retention Scheme, we have learnt: … Read more

Here to Help You and Your Business Together.

The United Kingdom

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