How to Price Your Products & Services
How to Price Your Products & Services Getting the right pricing of your product or service can be the most difficult job for business owners. Occasionally, businesses vastly overestimate the true value of their products, but we find that we are more likely to see our clients underselling themselves. It may be that feeling of...
Domestic Reverse Charge for Construction Industry
Domestic Reverse Charge for Construction Industry The Domestic Reverse Charge (DRC) which has been delayed twice, because of Brexit and then Covid-19, will come into effect on 1st March 2021. HMRC is hoping DRC will make it harder for fraudulent sub-contractors to charge VAT to their customers and then not declare in the returns. Sadly, t...
3 Problems Facing Small Business
The 3 Problems Facing Small Business Today 1. Money It won’t come as any surprise that cashflow is the main problem facing small to medium business right now. Wasn’t it ever thus? Yes, that’s true, cashflow has always been an issue. But there has never been a better time for small businesses to take control of cas...
Everything you need to know about Making Tax Digital
The way your business pays tax is set to change. From April 2019, the way you keep your VAT accounts will change completely. As you may already know, MTD is the Government’s plan to digitise the tax system. It aims to make it easier, more efficient. Yet, 40% businesses that will be included are still not aware of what it is&n...
Making Tax Digital software: Choosing the right option for your business
What alternatives are available to you?’ Choosing the right software to pay your business’s VAT bill is essential with the rollout of Making Tax Digital rapidly approaching. Once MTD arrives, HMRC-approved software will be the only way to pay VAT. Time is running out before the first VAT deadline for MTD, on 1 April 2019&nb...
Making Tax Digital: How to prepare in 5 steps
VAT-registered businesses the first to go through MTD Around a million VAT-registered businesses will need to comply with new digital reporting rules from April 2019. If you’re one of them, you’ll need to make sure you’re prepared. And creative businesses in the London area are no exception. Making Tax Digital ...
Cloud Security – How Safe Is Online Acccounting?
Cloud Security One of the worries many small businesses have about cloud accounting is cloud security. It’s a reasonable question to ask in a world of identity theft and hackers. And with GDPR on everyone’s mind, we thought it would be a good opportunity to revisit the issue of data protection, cloud security and security in general. The ...
Management Accounts (and why you need them to grow your business)
Management Accounts (and why you need them to grow your business) Most business owners can apply themselves to running basic accounts and tax returns. You’re an entrepreneur after-all, you’re not afraid of a learning curve and a few late nights. However, management accounts are a whole different ball game and they can really make the d...