Common accounting issues faced by IT contractors

Common accounting issues faced by IT contractorsThere are certain issues that have been raised in other areas of this guide that require further comment. What constitutes a valid business expense? Knowing what a valid business expense is to process through the company books, is essential. You should consult with an Accountant if your expenses are high relative to your income and you are unsure…

Xero and FreeAgent accounting

Manage your accounts anytime, anywhere, with leading web-based accounting systems.TaxAgility can help you manage your accounts more efficiently and accurately through the use of Xero and Free Agent Accounting. Xero and Free Agent are web-based accounting systems, helping you to stay on top of your finances, protect your data, and automate your transactions. ‘Cloud-based’ accounting…

The benefits of management accounting reports to small business owners

Management accounting reports are often overlooked by smaller businesses, but they provide vital insights into a business’s performanceEvery business owner knows the importance of basic financial reports: they give an insight into financial health through various means, such as tracking profit and loss and monitoring cash flow. While many business owners understand this and have probably…

Accounting and bookkeeping for small to medium sized business

Accounting and bookkeeping for small to medium sized businessA better way to delve into this topic is to answer eight questions that are often on an entrepreneur’s mind: 1. What’s the difference between Accounting and Bookkeeping? Bookkeeping is the work of keeping transactional records such as an invoice issued to a client, or a payment you have made to a vendor. In this process, you…

Accounting Services for Start-ups

Starting a new venture? The sky’s the limit. We’ll help it fly.Full of ideas but baffled by bureaucracy? Starting your own business can be an exciting but daunting time. Professional accountancy advice from the outset can save you a lot of time and money in the long term. Our team of professionals knows all about the priorities and pitfalls of business start-ups and they’d be…

Accounting Services for Contractors

Self-employed? We’ll help you balance your many different priorities.Do you need an extra pair of hands to manage your finances? If you’re a self-employed contractor, freelancer, or consultant, managing your financial affairs can be an extra hassle that you simply don’t need. When you work for yourself you have a million balls to juggle at once, so why not allow our team of…

Accounting Services for Companies

From little acorns to mighty oaks, our expert advice will help your business growA limited company has many distinct advantages, and your accountant should help you harness the benefits and give your business a competitive advantage through a seamless service of bookkeeping, accounting, tax and business management. Call 020 8108 0090 today to book a free, no-obligation meeting. We believe in…

Accounting tips for small businesses

Running a small business is highly rewarding, but accounting and tax compliance are time-consuming tasks, so what can you do? In 2017, a survey carried out by the marketing research company OnePoll with 1,000 working people suggested that the UK is a nation of budding entrepreneurs. The majority of respondents (54%) said that they wish to become their own boss at some point and maintaining a…