Sole Trader VS Limited Company: Which is better for you?

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 … Read more

How automation can improve your efficiency and productivity

Automation was already on the rise pre-pandemic, but now it has become a business priority. The positive benefits of automation pay dividends for those businesses that invest in it. Many business owners don’t know that accountants can offer a lot of assistance in this area: streamlining and automating processes to improve business efficiency, so here … Read more

All about requesting your documents using Karbon!

As a cloud-based accountancy practice, we very rarely ask you to bring in physical copies of your documents to our offices in Haverhill. This option is available to you if you really need it, however we find most of our clients prefer to send their information in digitally. This also has the benefit of being … Read more

Why do we ask for your bank statements?

Depending on which service you are on, you will find that you receive requests from members of our team asking for copies of your bank statements.  You may receive different emails from different team members depending on the work they are undertaking for you.  Whilst we try to eliminate asking for the same information on … Read more

How accountants can make you look good

When you as a business owner think of an accountant, you think of taxes, financial reporting, or loan applications. While this is all correct, it is just the beginning!  Accountants may be the frontrunners when it comes to your finances, but we can offer so much more than that. One of our most valuable offerings … Read more

4 Productivity Tips To Kickstart Your New Year!

4 Productivity Tips From 1 Accounts To Kickstart Your New Year

Many people find it hard to return to work after the long Christmas and New Year slowdown, but the pandemic has slowed many people down to a halt. It may take longer than normal for some people to return to their usual productivity levels – but why stop at “usual” when things are unusual? Why … Read more

Supporting Local Independent Businesses

Outside of a flower shop

Supporting Local Independent Businesses 1 Accounts Haverhill is based on the top of the high street in Haverhill providing a service to both local and non-local businesses. Where we can we will support Haverhill businesses and we encourage our client to do the same. The Economy Not many people realise that shopping locally is great … 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

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

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