The Ultimate Guide to the Different Types of Business Financing

1 Accounts Piggy Bank on books

The Ultimate Guide to the Different Types of Business Financing Small business loans are being approved at an unusually high rate, making this the perfect time to increase your company’s cash flow via business financing. There are different kinds of business loans available, and it’s important to know the differences between them in order to … Read more

Thinking of Applying for a Mortgage?

Hands with a house

Are you thinking of getting a mortgage? This year we have had an abundance of clients applying for mortgages. Applying for a mortgage can be stressful and this is even more true for business owners. Once you have applied everything is suddenly urgent and happens all at once. This can then result in stress, tears … Read more

Is the Jaguar i-Pace a good company car?

hands with a car

Is the Jaguar i-pace a good company car?  Here at 1 Accounts in Haverhill and Cambridge we are often asked can I buy a car within the company?  The answer is of course yes. However when benefit in kind tax and class 1A National Insurance is explained our clients most likely either buy the car … Read more

Making Tax Digital – Are You Ready?

Tax Building Blocks

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

Cloud Accounting Benefits

Cloud Accounting Benefits If you want your business to work smarter and faster, cloud accounting software is a wise investment. Working in the cloud will give you a better overview of your finances, and improve collaboration with your team. Accounting software shouldn’t be a chore to use! Small business accounting software that’s not available via the … Read more

Happy New Year

happy new year typewriter

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

Keeping up with the Employees!

Staff Only

Keeping up with the Employees Unlike the Kardashians it can be extremely hard to keep up with your employees hours, especially if your business is not office based. Here is our simple solution on how we can help you ‘keep up with the employees’.  The Problem:  Many employees are paid by the hour and quite often … Read more

1 Accounts – You are not a bank

You are not a bank

You Are Not A Bank As a small business, credit control can be a nightmare. Paul will tell you that when he first started running his traditional accountancy practice (Paul Donno & Co) he was pulling his hair out when he would do work, invoice the client and then not get paid. Unlike buying a … Read more

Should business employ a business coach?

should I employ a business coach?

Should Business’ Employ a business coach? – Absolutely! A note from Paul Over the years I have seen many people that say they are business coaches and I really would not trust them to deliver, especially those that are part of a franchise and just follow set procedures. A business coach should understand your business, … Read more

What Is Making Tax Digital?

What is MTD?

Fact:  All of our clients are Making Tax Digital (MTD) compliant because they use the latest online accounting software provided by the market leaders – Sage and Xero. What is Making Tax Digital (MTD)? Making Tax Digital (MTD) is a government initiative which aims to transform the administration of tax to create a simpler, more … Read more