Tag: ltdcompany

start-up typing

Step-by-Step Guide to Starting a Business

Posted on | by Jade Donno

Step-by-Step Guide to Starting a Business

Starting a business can be both an exciting and daunting endeavour. With the right guidance, you can navigate the process smoothly and set up your business for success. This comprehensive step-by-step guide will help you understand the essential aspects of starting a business.

1. Research Your Market

Before you invest time and money into your business idea, it’s crucial to conduct thorough market research. Understand your target market, identify your competitors, and analyse demand for your product or service. This will help you refine your business concept and develop a strategy to stand out in the market.

2. Develop a Business Plan

A solid business plan is the foundation of a successful business. It should outline your business objectives, strategies, market analysis, financial projections, and operational plan. A well-thought-out business plan not only helps you stay organised but also attracts potential investors and lenders.

3. Choose a Business Structure

Selecting the right business structure is vital as it affects your legal responsibilities, taxes, and how you can raise capital. In the UK, the most common structures are:

  • Sole Trader: Simple to set up and gives you complete control, but you are personally liable for any debts.
  • Partnership: Involves two or more people sharing the profits, risks, and responsibilities.
  • Limited Company: A separate legal entity from its owners, offering limited liability but with more regulatory requirements.

4. Register Your Business

Once you’ve chosen your business structure, you need to register it:

  • Sole Traders need to register with HM Revenue and Customs (HMRC) for self-assessment.
  • Partnerships also need to register with HMRC.
  • Limited Companies must register with Companies House and HMRC.

Ensure you also register for VAT if your business turnover exceeds the VAT threshold.

5. Set Up a Business Bank Account

Separating your personal and business finances is crucial for managing your accounts and simplifying tax returns. Choose a business bank account that suits your needs and offers the best benefits.

6. Understand Your Tax Obligations

Understanding your tax obligations is essential to avoid penalties and ensure compliance. As a business owner, you’ll need to manage various taxes, including:

  • Income Tax (for sole traders and partnerships)
  • Corporation Tax (for limited companies)
  • Value Added Tax (VAT)
  • National Insurance Contributions

Consider consulting with an accountant to help you manage your tax affairs efficiently.

7. Obtain Necessary Licences and Permits

Depending on your business type, you may need specific licences and permits to operate legally. Check with your local authority and the UK Government’s licence finder tool to identify the requirements for your business.

8. Set Up Your Accounting System

Efficient bookkeeping is crucial for tracking your income and expenses, managing cash flow, and preparing for tax filings. Invest in accounting software or hire an accountant to ensure your records are accurate and up-to-date.

9. Create a Strong Online Presence

In today’s digital age, having a robust online presence is vital. Develop a professional website, create social media profiles, and utilise online marketing strategies to reach your target audience. Consider investing in SEO to improve your website’s visibility on search engines.

10. Develop a Marketing Strategy

A well-planned marketing strategy helps you promote your business, attract customers, and generate sales. Identify the most effective channels for your business, such as social media, email marketing, content marketing, or traditional advertising.

11. Network and Build Relationships

Networking is an essential aspect of business growth. Attend industry events, join local business groups, and connect with other entrepreneurs to build valuable relationships. Networking can lead to new opportunities, partnerships, and support from fellow business owners.

12. Monitor and Adjust Your Business Plan

Starting a business is an ongoing process, and it’s important to regularly review and adjust your business plan. Monitor your progress, track your financial performance, and be open to making changes to adapt to market conditions and achieve your business goals.

Conclusion

Starting a business in the UK requires careful planning, research, and execution. By following this step-by-step guide, you can lay a strong foundation for your business and increase your chances of success. Remember, every business is unique, so tailor these steps to suit your specific needs and circumstances. For personalised advice and support, consider consulting with experts at 1 Accounts.

strong leaders climbing mountain

How Can Business Coaching Develop Strong Leaders?

Posted on | by Jade Donno

How Can Business Coaching Develop Strong Leaders?

In today’s competitive business environment, strong leadership is more crucial than ever. Leaders not only drive the vision and mission of a company but also inspire and influence their teams to achieve exceptional results. One of the most effective ways to cultivate strong leaders is through business coaching. At 1 Accounts, we understand the transformative power of business coaching and how it can shape the leaders of tomorrow.

The Importance of Business Coaching

Business coaching is a process that involves a professional coach working with individuals to enhance their leadership skills, performance, and personal development. Unlike traditional training programmes, coaching is highly personalised, focusing on the unique needs and goals of each individual. This tailored approach ensures that leaders can develop their strengths, address their weaknesses, and unlock their full potential.

Personalised Development Plans

One of the key benefits of business coaching is the creation of personalised development plans. Coaches work closely with leaders to identify their specific needs and areas for improvement. This could range from enhancing communication skills to developing strategic thinking abilities. By setting clear, achievable goals, coaches help leaders track their progress and stay accountable.

Improved Self-Awareness

A significant aspect of leadership is self-awareness. Understanding one’s strengths and weaknesses is crucial for effective leadership. Business coaching provides leaders with valuable feedback and insights into their behaviour and performance. This increased self-awareness allows leaders to make more informed decisions, improve their interpersonal relationships, and foster a positive work environment.

Enhanced Decision-Making Skills

Effective decision-making is at the heart of strong leadership. Business coaching equips leaders with the tools and techniques to analyse situations more critically and make decisions with confidence. Coaches often use real-life scenarios and case studies to help leaders practise and refine their decision-making skills, ensuring they are prepared for any challenge that comes their way.

Building Resilience

The business world is full of uncertainties and challenges. Strong leaders need to be resilient and adaptable to navigate these complexities successfully. Business coaching helps leaders build resilience by teaching them how to manage stress, stay focused under pressure, and bounce back from setbacks. This resilience benefits not only the leaders themselves but also their teams and the organisation as a whole.

Enhancing Communication Skills

Clear and effective communication is essential for strong leadership. Business coaching helps leaders develop their communication skills, enabling them to convey their vision and expectations clearly and persuasively. Improved communication skills also foster better relationships with team members, stakeholders, and clients, contributing to a more collaborative and productive work environment.

Fostering a Growth Mindset

A growth mindset is the belief that abilities and intelligence can be developed through dedication and hard work. Business coaching instils this mindset in leaders, encouraging them to embrace challenges, learn from failures, and continuously seek improvement. Leaders with a growth mindset are more innovative, motivated, and better equipped to drive their organisations forward.

Conclusion

At 1 Accounts, we believe that business coaching is a powerful tool for developing strong leaders. By providing personalised development plans, improving self-awareness, enhancing decision-making skills, building resilience, and fostering a growth mindset, business coaching helps leaders reach their full potential. Strong leaders are the backbone of any successful organisation, and investing in their development is a crucial step towards achieving long-term success.

Explore our business coaching services and discover how we can help you and your organisation thrive. Visit our website at www.1accounts.co.uk to learn more.

start-up rocket ship

Understanding Your Tax Obligations as a Start-Up: A Beginner’s Guide

Posted on | by Jade Donno

Understanding Your Tax Obligations as a Start-Up: A Beginner’s Guide

Starting a new business is an exciting journey filled with opportunities and challenges. One of the most critical aspects to get right from the outset is understanding your tax obligations. This beginner’s guide aims to help you navigate the UK tax system and ensure your start-up complies with all necessary regulations.

1. Registering Your Business

The first step in fulfilling your tax obligations is registering your business with HM Revenue and Customs (HMRC). Depending on your business structure, the registration process will differ:

  • Sole Trader: Register as self-employed with HMRC.
  • Partnership: Register the partnership and each partner must register as self-employed.
  • Limited Company: Register with Companies House and HMRC.

2. Keeping Accurate Records

Maintaining accurate and detailed financial records is crucial for any business. This includes keeping track of all income, expenses, and receipts. Good record-keeping helps in preparing your tax returns and ensures you can provide evidence if HMRC requests it.

3. Understanding Different Taxes

As a start-up, you will encounter various types of taxes. Here’s a brief overview of the main ones:

  • Income Tax: If you are a sole trader or in a partnership, you will pay income tax on your profits. Ensure you set aside money throughout the year to cover this.
  • Corporation Tax: Limited companies must pay corporation tax on their profits. This is due nine months and one day after the end of your accounting period.
  • National Insurance Contributions (NICs): Sole traders, partners, and employers must pay NICs. The amount depends on your earnings and business structure.
  • Value Added Tax (VAT): If your turnover exceeds the VAT threshold (currently £90,000), you must register for VAT and charge it on your sales.
  • PAYE (Pay As You Earn): If you employ staff, you need to operate PAYE as part of your payroll. This system collects income tax and NICs from your employees’ wages.

4. Filing Tax Returns

  • Self-Assessment Tax Return: Sole traders and partners must file an annual self-assessment tax return, usually due by 31 January following the end of the tax year.
  • Corporation Tax Return: Limited companies must file a corporation tax return (CT600) within 12 months of the end of the accounting period.
  • VAT Returns: If registered for VAT, you must submit VAT returns, usually quarterly, and pay any VAT due.

5. Claiming Allowable Expenses

To reduce your taxable profit, you can claim allowable business expenses. These include costs like office supplies, travel expenses, and utility bills. Ensure you keep all receipts and records of these expenses.

6. Seeking Professional Help

Navigating tax obligations can be complex, especially for start-ups. Consider seeking advice from a professional accountant or tax advisor. They can help ensure you meet all your obligations, claim all possible deductions, and avoid any penalties.

7. Staying Informed

Tax laws and regulations can change, so it’s essential to stay informed about any updates that may affect your business. Regularly check HMRC’s website or subscribe to their newsletters for the latest information.

Conclusion

Understanding your tax obligations is a fundamental part of running a successful start-up. By registering your business correctly, keeping accurate records, understanding different taxes, and filing timely returns, you can ensure compliance with HMRC regulations. Don’t hesitate to seek professional advice to navigate this complex area confidently. Remember, getting your tax obligations right from the beginning can save you time, money, and stress in the long run.

For more information and professional assistance, visit 1Accounts. We’re here to support you on your entrepreneurial journey.

succession planning family photo

Common Pitfalls in Succession Planning and How to Avoid Them?

Posted on | by Jade Donno

What Are the Common Pitfalls in Succession Planning and How to Avoid Them?

Succession planning is a critical process for ensuring the long-term sustainability and success of any business. However, it is fraught with potential pitfalls that can undermine even the best-laid plans. At 1 Accounts, we understand the intricacies involved in succession planning and are here to help you navigate these challenges. In this blog, we will explore the common pitfalls in succession planning and offer strategies to avoid them.

1. Lack of a Formal Plan

Pitfall: Many businesses fail to create a formal, written succession plan. Relying on informal or verbal agreements can lead to confusion and conflict when it’s time to implement the plan.

Solution: Develop a comprehensive, documented succession plan. This plan should outline the roles and responsibilities of successors, timelines, and the processes for transition. Regularly review and update this plan to ensure it remains relevant.

2. Ignoring Key Roles

Pitfall: Succession planning often focuses only on top leadership roles, neglecting other critical positions within the organisation. This oversight can lead to gaps in essential functions.

Solution: Conduct a thorough assessment to identify all key roles within your organisation. Ensure your succession plan includes strategies for developing and retaining talent for these positions, not just the top-tier leadership.

3. Inadequate Training and Development

Pitfall: Assuming that potential successors will naturally acquire the necessary skills and knowledge can be a costly mistake. Without proper training and development, successors may be ill-prepared to take on their new roles.

Solution: Implement a robust training and development programme tailored to the needs of potential successors. Provide opportunities for them to gain hands-on experience, mentoring, and leadership training.

4. Failing to Engage Stakeholders

Pitfall: Excluding key stakeholders from the succession planning process can lead to resistance and lack of buy-in, which can derail the transition.

Solution: Engage stakeholders early and throughout the succession planning process. Communicate openly about the plans and seek their input and feedback. This inclusive approach can help build support and ensure a smoother transition.

5. Overlooking External Factors

Pitfall: Focusing solely on internal factors and ignoring external influences such as market conditions, industry trends, and regulatory changes can render a succession plan ineffective.

Solution: Regularly conduct external environment scans to identify potential impacts on your business. Incorporate flexibility into your succession plan to adapt to these external changes.

6. Succession Planning as a One-Time Event

Pitfall: Treating succession planning as a one-time event rather than an ongoing process can leave your organisation vulnerable to unforeseen changes and challenges.

Solution: Establish succession planning as a continuous process. Regularly review and update your plan to reflect changes in the organisation and its environment. This ongoing approach ensures that you are always prepared for transitions.

7. Not Considering Cultural Fit

Pitfall: Choosing successors based solely on their skills and experience without considering cultural fit can lead to leadership that is misaligned with the company’s values and vision.

Solution: Evaluate potential successors not only for their technical capabilities but also for their alignment with the company’s culture and values. This holistic approach helps ensure that new leaders will continue to drive the company forward in a manner consistent with its identity.

8. Ignoring Financial Implications

Pitfall: Neglecting the financial aspects of succession planning, such as the costs associated with training, transition, and potential changes in compensation, can strain the organisation’s resources.

Solution: Develop a financial plan that accounts for all aspects of the succession process. This should include budgeting for training and development, transition costs, and any adjustments in compensation for new leaders.

Conclusion

Succession planning is vital for the continuity and success of your business. By recognising and addressing these common pitfalls, you can create a more effective and resilient succession plan. At 1 Accounts, we are committed to helping you navigate this complex process, ensuring your business remains robust and prepared for the future.

family for succession planning

What is Succession Planning?

Posted on | by Jade Donno | Leave a Comment on What is Succession Planning?

What is Succession Planning?

Succession planning is a vital strategy for businesses of all sizes, ensuring long-term stability and growth by preparing for future leadership transitions. At 1 Accounts, we understand the importance of a well-thought-out succession plan. In this blog, we’ll delve into the key aspects of succession planning, its benefits, and how you can implement an effective plan for your organisation.

Understanding Succession Planning

It is the process of identifying and developing new leaders to replace existing leaders when they leave, retire, or pass away. This proactive approach ensures that the organisation continues to operate smoothly without disruptions. A comprehensive succession plan includes identifying critical roles, selecting potential successors, and providing them with the necessary training and development to prepare them for their future responsibilities.

Benefits

  1. Continuity and Stability: Succession planning ensures that there is no leadership vacuum, thereby maintaining business continuity and stability.
  2. Employee Development: It encourages the growth and development of employees, providing them with career advancement opportunities.
  3. Knowledge Retention: By preparing successors internally, businesses can retain valuable institutional knowledge and expertise.
  4. Increased Morale: Employees are motivated when they see a clear path for their career progression within the company.
  5. Risk Management: It helps in mitigating risks associated with unexpected departures of key personnel.

Steps to Effective Succession Planning

  1. Identify Key Positions: Determine which roles are critical to the success of your business and need a succession plan.
  2. Assess Potential Successors: Evaluate your current employees to identify those with the potential to step into these critical roles.
  3. Develop Talent: Invest in training and development programs to prepare your potential successors for future leadership roles.
  4. Create a Transition Plan: Develop a clear plan for how the transition will occur, including timelines and responsibilities.
  5. Regular Review: Succession planning is not a one-time event. Regularly review and update your plan to reflect changes in the business environment and employee development.

Challenges

  1. Identifying Potential Leaders: Finding employees with the right skills, experience, and leadership qualities can be challenging.
  2. Training and Development: Developing a robust training program requires time, effort, and resources.
  3. Resistance to Change: Employees may resist changes, especially if they feel threatened by new leaders.
  4. Balancing Internal and External Hiring: While promoting from within is beneficial, sometimes external hires bring new perspectives and skills.

Conclusion

Succession planning is essential for ensuring the longevity and success of any business. At 1 Accounts, we advocate for proactive succession planning to help businesses navigate leadership transitions smoothly. By understanding the importance and implementing a well-structured plan, you can secure your company’s future and foster a culture of continuous growth and development.

For more insights and assistance with succession planning, feel free to contact us at 1 Accounts. Our team of experts is here to guide you through every step of the process.

House sale resulting in capital gains tax

Capital Gains Tax: Understanding the Latest Changes and Updates

Posted on | by Jade Donno

Capital Gains Tax: Understanding the Latest Changes and Updates

Are you looking for comprehensive guidance on Capital Gains Tax (CGT)? Understanding the latest changes and updates is crucial for effective tax planning and compliance. In this blog, we’ll break down the recent developments in CGT to help you stay informed and make smart financial decisions.

What is Capital Gains Tax (CGT)?

Capital Gains Tax (CGT) is a tax on the profit when you sell an asset that has increased in value. It’s the gain that is taxed, not the total amount of money received. Common assets that may incur CGT include property, shares, and other investments.

Key Changes to Capital Gains Tax in 2024/2025

Staying updated on the latest CGT changes is essential for accurate tax filing and maximising your financial benefits. Here are the key updates for 2024/2025:

  1. Exemptions and Thresholds:
    • The annual CGT exemption amount has been adjusted. For individuals, the new threshold is £3,000, down from £6,000.
  2. Adjustments to CGT Rates:
    • The CGT rates have been revised. For higher-rate taxpayers, the rate on gains from residential property is now 24%, while gains from other assets are taxed at 20%.
  3. Reporting and Payment Deadlines:
    • The deadline for reporting and paying CGT on residential property sales is 60 days from the completion date.  Ensure you comply to avoid penalties.

How to Calculate Your Capital Gains Tax

Understanding how to calculate your CGT liability can save you from overpaying. Follow these steps:

  1. Determine the Gain:
    • Subtract the purchase price and any allowable expenses (such as legal fees, and improvement costs) from the selling price.
  2. Apply Exemptions:
    • Deduct your annual CGT exemption amount from the gain.
  3. Apply the Appropriate Tax Rate:
    • Depending on your total taxable income and the type of asset, apply the relevant CGT rate.

Tips to Minimise Your Capital Gains Tax

  1. Utilise Tax-Free Allowances:
    • Make the most of your annual CGT exemption by strategically planning your asset sales.
  2. Claim All Allowable Expenses:
    • Keep detailed records of all costs associated with acquiring and improving your assets.
  3. Consider Timing:
    • If possible, plan your asset sales to fall within different tax years to maximise the use of your allowances and reliefs.

Seeking Professional Help

Navigating CGT can be complex, and professional advice can be invaluable. A tax advisor can help you understand the latest changes, optimise your tax position, and ensure compliance.

Conclusion

Staying informed about the latest changes and updates to Capital Gains Tax is crucial for effective tax planning. By understanding the new thresholds, rates, and reliefs, you can make more informed decisions and potentially reduce your tax liability. If you need personalised assistance, don’t hesitate to seek professional help.

For more detailed information and expert advice on Capital Gains Tax, contact us at www.1accounts.co.uk.

jade and paul in a meeting

Are You in the Crosshairs of the Associated Company Tax Rates?

Posted on | by Jade Donno

We’re back with another blog post and this time we’re diving into a topic that isn’t everyone’s cup of tea – taxes. But don’t worry, we’re here to make it as enjoyable and straightforward as possible. Strap in and let’s demystify the new corporation tax rules together.

What are the changes?

As of April 1st, 2023 (and no, it wasn’t an April Fool’s prank), there have been some significant changes in the corporation tax laws. Here’s the lowdown:

  1. Companies with profits that are playing a bit of hide and seek and total less than £50k will continue to be taxed at the friendly rate of 19%.
  2. Those with profits feeling a bit more confident, between £50k and £250k, will be greeted by a still reasonable tax rate of 26.5%.
  3. And for those brave souls whose profits exceed £250k, they’re looking at a flat rate of 25%.

Now, you might be wondering about this £50k threshold we mentioned. It’s not as roomy as it first appears. Much like sharing a dessert, this threshold needs to be split between your company and any other associated companies. The effect? Well, your slice of the pie could be smaller than you initially thought.

Fear not, your trusted accounting partners, should be on the case and we’re here to guide you through this labyrinth. Your accountant will need to know about any other companies you’re involved with, either as a shareholder or director. The same goes for any companies your family members are involved with. This isn’t us accountants just being nosy, promise! It’s all to ascertain whether the associated company rules apply to you and potentially other connected businesses.

We understand that these changes may feel a bit like navigating uncharted waters. If this is going to cause any tax-related stress, rest assured that we’re prepared to assist. We can work with you to plan the most tax-efficient course.

So, let’s sail through these tax changes together. As always, we are committed to lightening the load of tax law changes and making the journey as smooth and pleasant as possible.

Stay tuned for more updates and remember to keep those smiles on. After all, nothing is as certain as change… and taxes!

Why we ask for your ID

Posted on | by Jade Donno

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 (AAT) to hold two pieces of identification for all clients for whom we act. This is so that we can complete anti money laundering checks on all of our clients and ensure that all of our clients are who they say they are.

What ID do we need

We need two pieces of ID from you:

  • Photo ID – such as driving licence or passport
  • Proof of Address – Such as bank statements, credit card bills, council tax bills, utility bills or driving licence.

All ID must be in date and display your current name.

Note – you can use your driving licence for either piece of ID, but not both. If you are giving us your driving licence please also submit an additional piece of ID so that we can still have two pieces of ID for you.

How do we use your ID

We request your ID using our Karbon client portal. This is the most secure way of getting your ID to us and is preferred to email which is not as safe.

Once in our possession, we upload it to our secure cloud storage system, Sharepoint. It is never saved onto individual computers.

We will use your ID to confirm your identity during our anti-money laundering checks. If we have not met you face to face we may arrange a zoom call with you to make sure you are the same person as in your ID.

All of our systems are GDPR compliant.

When we’ll need you to update your ID

If you have changed your name for any reason, we will need an updated copy of your photo ID and proof of address with your new name. If you haven’t arranged for updated ID yet we can accept your marriage certificate or deadpoll document until you can obtain your updated ID.

If you move address, we will need updated Proof of Address ID. We understand that these can take a while to come through but if you can get them to us as soon as you have something, in these cases often bills are the first thing to come through, then we can get started on updating our systems.

We will check your ID once a year when we update your anti-money laundering check. If we find your ID to be out of date we will simply request that you send us an updated copy as soon as possible.

Why we love Xero!

Posted on | by Jade Donno

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 its interface very user-friendly and we find it easy to use on our end as well. This also makes it easy for us to teach you how to use it, to make sure that you get the best out of it and make sure your data is always accurate and up to date! We offer Xero training sessions to all of our clients at the onboarding stage so we can make sure you start off with it well, especially if you have never used it before.  Multiple users can be added who can all access the software at the same time.  You can also have different access levels for different team members so individuals can access or be restricted from certain parts of the software as appropriate.

2) Up to date reports

Using Xero means you will be able to access up-to-date reports that make it easy to understand how your business is doing. These are also able to be tailored to your specific needs for your company.

3) Cloud accounting

As with the majority of the other products that we love, Xero is cloud based! This means there is no need to save your documents to your PC and your data is backed up automatically and securely so you will never lose it. This also means that it can be accessed anywhere at any time, either via the web browser or the app.

4) Automatically brings in bank feeds

Xero can be set up so that it automatically brings in bank feeds from your business bank accounts and credit cards so your transactions are automatically bought into the software daily.  This limits the need for manual entries and means your figures are up to date in real time. This makes it easy for our bookkeepers as well as we won’t have to ask you for statements!

For a list of available bank feeds please see here.

We can help you set up your bank feed if you need, please just get in touch.

5) Integrations with other software

Xero also has over 1000 different apps, add-ons and integrations with software such as Dext, GoCardless, Stripe, Vend, Square, PayPal and more. Many of these apps can be set up to automate time-consuming tasks to make your admin easier!

If you need any help with setting up apps and integrations with Xero please get in touch.

6) Ahead of the crowd

Xero is typically always one step ahead of its closest competitors.  This can be in terms of reporting or keeping up with change in statutory requirements and legislation such as Making Tax Digital, Domestic Reverse Charge and even the Covid Furlough Scheme. It is constantly evolving and adding new features, particularly based on customer feedback on what features users would like to see implemented or ways existing features can be improved.

If you would like to find out more about Xero, transfer over from your existing software or try a free trial or demo please contact us so we can discuss!

How to use Karbon’s Client Portal

Posted on | by Jade Donno

Welcome to the 1 Accounts client portal! This portal is an online management system that allows you to easily and safely send, receive and store all of your accounting and tax information online.

What does this mean for you?

The client portal allows you to review and approve your accounting and tax information with the click of a button. It also allows you to view open and closed requests and any current requests we’ve sent to you.

Why are we doing this?

It’s a safer and more efficient way to handle your accounting and tax. It simplifies the process for you and allows us to serve your individual needs better. It also provides you with more flexibility, you can comment and ask questions directly in the portal. Your accountant is immediately notified and can take action. This eliminates the need for email and keeps it all together in one place, so you can review it at any time.

Review Tasks

You will receive an email with your tasks. Click on ‘manage checklist’ to access the tasks you need to complete.

You will automatically see all the tasks assigned to you for completion.

Please note: if you open this link on one device, and you’d like to access it on a different device, click the link again and it will ask you to “Send Access Link”. This will send another link to the originally sent email that will allow you to access it from the computer.

Comment, ask questions and upload files

You’ll be able to comment, ask questions and upload files on each of the tasks, which your accountant is immediately notified of and can take action.

Click Comment to comment or ask questions on a task or click upload files to attach files to a task. To add files to a comment click on the paperclip icon on a comment while composing.

Log in

By logging in, you’ll have access to all your open and closed requests, including current client requests that haven’t been completed. You’ll also have copies of documents you have uploaded, so you can keep track and easily find what’s been sent.

  • If you have a login, follow the instructions and log in (example A)
  • If you don’t have a login click the ‘create account’ button and it will ask you to create an account (example B).
  • If you forgot your password, click the forgot password link and follow the instructions (example C)
Example A
Example B
Example C

Once you have created an account, you can access the client portal at any time. Once you are signed in, you will be taken directly to the client portal which looks like this.

Magic Link

The main way you will access the client portal

Spend money to make money

While you can save a couple of hundred pounds doing your own books, you won’t save as much with an accountant and you could actually end up losing a lot more. With an accountant on your team, you can save both time and money while having the reassurance and peace of mind that you’re making sound business decisions for your future.

If you would like to learn more click here to get in touch.

Or feel free to use our chat box —>

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