Author Archives: Karen Chase

Planning For Growth

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Welcome to our new series of blogs that will help organisations and businesses of all sizes with PLANNING FOR GROWTH.

After the roller coaster 18-months of lockdowns, openings and for some, a reduced customer base, it’s time to refocus our energies on growth. Over the next few months, we will write a number of blogs on this topic. They will be packed full of guidance and tips that will help your business flourish. Featuring ways to streamline your processes, that will prompt you to review your activities, as well as offering invaluable advice.

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Why your business deserves a great audit and how to find a great auditor!

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A great audit delivers an objective assessment of your business accounts and your current business circumstances. When your audit gives you peace of mind from knowing your financial reporting is accurate, you have robust internal controls and are aware of and have minimised potential fraud, it’s a great audit.

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Cash is King – Here’s how to generate cash right now

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Covid-19 has hit many businesses hard. Many of us are working long hours to keep solvent: others are failing through no fault of their own, whilst a few are flying. The reason is simple: As a nation, we were not spending during lockdown. This means limited or non existent cash flow for impacted businesses.

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Construction Industry Reverse Charge Rules New Legislation… are you confused?

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Reading through the updated guidance for CIS NEW VAT Reverse Charge Rule for the Construction Industry might leave you confused. Here we have outlined what you need to consider:

If you supply constructions services, the reverse charge will only apply if you answer “Yes” to ALL of the following questions:

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What happens when you change accountants?

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Many businesses and individuals change accountants. Maybe your needs have changed as you’ve grown and you want to work with an accountant offering multiple services. Or maybe working with an accountant based nearer to your offices will give you the benefit of a more personal service? Whatever the reason, once you know what you need, you can begin the search for a new partner. But what happens when you find the accountancy practice that’s right for you? And what do you do next?  Here’s the answer.

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The benefits of cloud-based accounting systems for SMEs

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A cloud-based accounting system is a package of software that you purchase the right to use but it is stored off-site on a remote server – the cloud – rather than on your desktop.  It’s cost-effective, can be simple to use, is secure, and provides all the relevant financial information you need at a click of a button. It has been said that small and medium-sized businesses are the biggest beneficiaries of cloud accounting for all of these reasons but cloud computing is not for every business. If you have minimal transactions, for example, or you are the type of person that just isn’t tech savvy, then we would strongly recommend retaining your manual spreadsheet as it is possible to get in an accounting pickle. However, if you’re a SME with manually intensive bookkeeping requirements, you can gain real benefits from implementing a cloud accounting system. Here are a few.  

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The Chancellor Rishi Sunak’s mini-Budget: everything you need to know

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Chancellor Rishi Sunak has unveiled his summer economic update in a bid to mitigate the impact of the Covid19 pandemic, with the aim of boosting job creation through a government ‘plan for jobs’ and encouraging consumer spending

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COVID19: VAT deferral for UK Businesses

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VAT deferral for UK Businesses: If you are a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:

  • defer the payment until a later date
  • pay the VAT due as normal
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