Xero is one of the world’s leading accounting platforms. Like any powerful software; you need to know how to use it to get all the benefits it can offer. While it can provide benefits even if you only use one part of it, and many people do only use a small part of its functionality, … Continue Reading
What is a Payroll?
Payroll is one of those words whose meaning can depend on context. The list of people paid by a company for their work is a “payroll”. ; basically a list of the employees. The words often used in different ways. People might get in touch with payroll with a salary query, using it as a … Continue Reading
Benefits of having an accountant
If you are running a business, then, sooner or later, you are going to need an accountant. Unless your business is exceptionally straightforward, it’s very likely that you could improve your financial situation by gaining professional help. And when you use an accountant, the benefits quickly pay for themselves. 1. They save you time and … Continue Reading
What is a P45?
The P45 is one of those forms that is so common people not only know it’s reference number, it’s the main way people refer to it. It’s actual name — ‘Details of employee leaving work’ — is, to be fair, a bit more of a mouthful than P45. Does that accurately describe what it is … Continue Reading
What is a P60?
The P60 is one of the most important documents you will get during the tax year. Or, more accurately, after the end of the tax year. In short, it is a statement of your earnings and your tax paid during the preceding tax year. However, the document holds a special status, meaning that unlike other … Continue Reading
Recovery Loan Scheme
The Recovery Loan Scheme was launched on 6 April 2021. It is the latest government drive to help businesses recover from the effects of the Covid-19 pandemic. What is the scheme? The aim of the scheme is to help businesses with their liquidity following the pandemic. It recognises that, for many businesses, their trade has … Continue Reading
Working from Home Relief
The transformation of working from home has been one of the biggest impacts of the coronavirus pandemic. A practice that was often seen with suspicion before. How many have heard accusations of ‘shirking from home’? It has now become the norm for many people. Even previously reluctant businesses have now been converted – they are … Continue Reading
UK Economy improving
The UK economy is improving. Signs of improvement, despite the challenges of the third lockdown, grew slightly in February. The pandemic continued to take its toll. But if the trend continues we can start to feel confident that we are finally moving beyond the worst of the pandemic’s short-term economic effects. The pandemic continued to … Continue Reading
Are you ready for the end of the tax year?
As we approach the end of the tax year, you might be thinking about what you need to get ready. If you’re a contractor, something you may consider is getting in touch with a specialist accountant for contractors. Doing this means you will have a professional by your side who can help you not just … Continue Reading
What is the super deduction?
In the Budget the Chancellor of the Exchequer, Rishi Sunak, announced the ’super deduction’. The announcement was among those that got the most attention, and it was seen as one of the biggest components of his plans to steer the country through the financial consequences of the coronavirus pandemic. But what exactly is it, and … Continue Reading
