Cloud Accounting Benefits

Two hands holding paper clouds

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

POSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF

Toy house with a key

POSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF The government is currently consulting on important changes to private residence relief that are likely to be introduced from 6 April 2020.  The two possible changes, announced in the Autumn 2018 Budget are:  Firstly to limit to just 9 months the period prior to disposal that counts as … Read more

“RENT A ROOM” RELIEF TO CONTINUE FOR AIR BNB LANDLORDS

Toy house and hands

“RENT A ROOM” RELIEF TO CONTINUE FOR AIR BNB LANDLORDS Last year HMRC carried out a review of rent a room relief and it was proposed that the availability of this generous relief would be restricted to situations where the taxpayer was resident for at least part of the time when the “lodger” was paying … Read more

Extracting Profit From Your Family Company

Family eating a picnic in a clearing in the woods

EXTRACTING PROFIT FROM YOUR FAMILY COMPANY The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution (NIC) liability which means that where the company has not used … Read more

Automate, Automate, Automate

Automation Cog

Automate, Automate, Automate The 21st century brings a new kind of technology that has not been around for past businesses. Online tools can help make business more streamlined, efficient and productive. 1 Accounts strive to adapt these new technologies to not only help our business but to help our clients too. With this blog I … 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

Green is the new black – why go paperless?

1 Accounts helping the environment

GREEN IS THE NEW BLACK Trees. Water. Carbon emissions. Time. Money. The environmental impact of paper production in the financial industry is significant and yet completely avoidable. In an age where nearly everything is digital and in the cloud, we needen’t use so much paper. Using an online calculater we have esstimated that as firm … 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