Recently at Tandem we took over the bookkeeping for a limited company who had previously employed an internal bookkeeper for over 20 years. The accounts were in great shape and up-to date. However, the accounts were in Excel only and were sent to the accountants annually for end of year accounts. I have to say, […]
Case Study: Replacing old spreadsheets with digital bookkeeping Read More »
Running a small business means wearing a lot of hats. You’re the marketer, the salesperson, the customer service team… and somehow, you’re also supposed to be the finance department. Whether you are a Sole Trader or a Limited company that’s where a bookkeeper can make a difference to your business. Wondering what a bookkeeper does?
What a Bookkeeper Does and Why Small Businesses Love It Read More »
By now, all those who have to file an annual self-assessment tax return should be aware that the last filing date and payment date is the 31st of January following the tax year. So, the SA Tax return for tax year 2023/2024 is due by 31st January 2025. HMRC have a list of all the deadlines
When should I file my Self-Assessment Tax Return Read More »
Put a group of bookkeepers and accountants in the room and the conversation will always get round to, “What a shambles HMRC are!” What are the HMRC responsible for? For small businesses, the UK HMRC (Her Majesty’s Revenue and Customs) manages tax collection and provides guidance on tax obligations. It ensures businesses pay the correct
HMRC – Nemesis or Saviour? Read More »
As a business owner we must never forget that CASH IS KING! That is why I consider it imperative to have in place a robust system for credit control, to ensure the business is receiving the monies owed on time. I totally get that credit control is a prickly subject, with business owners concerned of
How can I set up a robust Credit Control process? Read More »
This is a question probably more relevant today than at any other time in the past! With the introduction of Cloud accounting and the numerous software`s now available, they advertise how easy it is to maintain your books and complete your tax returns! I do agree, it is most certainly a lot easier than it has
Why should I employ the services of a bookkeeper? Read More »
Boy is this a question! It is like who is the best footballer in the world! For me, I think it is best to see first, what is required from the software, and a good starting point is considering the structure of the company in consideration. If they are just about to start up a
Which accounting software is best? Read More »