GDPR   From 25 May 2017 the data protection regulations are changing as the new General Data Protection Regulation (GDPR) will be implemented.   The GDPR applies to all EEA countries, and every individual and organisation trading with them, regardless of size. Although the UK is to leave the EU a data protection bill will […]

Cloud Accounting: Client Case Study

View from the Cloud: Client Case Study   Background:   Recent startup business Set up through a limited company by 2 friends in June 2016 Beauty salon offering a range of services in the salon or off-site for weddings and events 3 employed therapists Rent-a-chair for self-employed stylists in excess salon space Also, sell beauty […]

What are the benefits of preparing your tax return early?

  “I hate being up against a deadline!”, crosses my mind as I make a start on this article, having avoided it until submission day. Appropriate (or not), given the subject… the benefits of preparing your tax return early:   Firstly, get that weight off of your shoulders! That awareness that you are putting it […]

Bad Debt Relief

Suffering a bad debt can have a significant impact on a business, both to profits and importantly cash flow. The recent compulsory liquidation of Carillion plc on 15 January 2018 is a high profile example and there can be potentially significant knock-on effects to a business when a business that it has traded with collapses. […]

How often should I do my bookkeeping?

Bookkeeping….I do that once a quarter when my VAT’s due….. that’s ok, isn’t it? What is the answer when it comes to “how often should I do my bookkeeping? So how often should I do my bookkeeping? For most business owners, the accountancy/financial side of running your business is probably the bit that gets left […]

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