Introduction At 1 Accounts Online Limited we are entrusted with a large amount of personal data to store for our clients. It Is important to us that our client’s data is kept safe under our protection. HMRC guidelines state that by law we must store any data that relates to our client’s accounts for 6 […]
As part of our onboarding process we ask all of our clients for two pieces of ID. You might be wondering why we need this and what we do with it afterwards? We explain it all here. Why we need your ID As we are a regulated accountant, we are required by our regulatory body […]
There are two huge mistakes that many start-ups or small business owners make. The first one is trying to manage their own accounting system. This is often done incorrectly which can hurt the business in the long-term. The second mistake is assuming that an accountant is only good for managing accounts and filing Tax or […]
It’s no secret that we love Xero! It is the accounting software that we recommend to absolutely all of our clients. This is because we truly believe that it offers better features and useability than its competitors. Here are just some of the reasons why we love Xero! 1) Easy to use Xero has made […]
Facing redundancy can be incredibly challenging, but it could also be the perfect time to start a brand new career based on your interests, your lifestyle and your aspirations. Does this sound too good to be true? With these five steps, we can help you transform your redundancy package into your very own startup: 1) […]
Are you struggling with your bookkeeping? You’re not alone. Bookkeeping in the construction industry is incredibly complex! So we wanted to share some of the ways an accountant can save you a shed load of stress whilst also improving the efficiency of your business! Here are 4 ways your accountant can help you run your […]
If you complete a tax return you may have to pay your tax twice a year. This sounds like it should be bad, but it can be a helpful way of spreading your payments throughout the year. What are payments on account? Payments on account are made twice a year and are payments that you […]
With the economy as unpredictable as it has been lately it is essential for small business owners to take a good look at your overheads and cost of sales. Add into the mix the rising cost of labour, materials and shipping, and this exercise to examine your cost base may be the difference between your […]
Every Sunday, Paul reads The Sunday Times to keep up to date with current affairs and to read the great reports in the business & money section. In his column, Julian Richer of Richer sounds talks about the importance of knowing your numbers and taking an interest in the bookkeeping and accounting side of your business […]
Have you been thinking about switching to a limited company because of the upcoming changes due to Making Tax Digital? Has anyone told you that you could be paying less tax as the owner of a limited company instead? We will take you through what the differences are and ultimately help you make the right […]
If you’d like to learn more about how we can help your business, please get in touch today to arrange a meeting.
