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Accounting Archives - Accounting and Bookkeeping

Category: Accounting

Top 10 Factors to be considered before selecting an Outsourcing Partner

Outsourcing is the main thing in any business today. It is an important strategy to cut costs, to increase margins and to achieve scale and specialization for efficiency in business operations. Outsourcing is increasingly being done in Manufacturing, Information Technology, and Services.

5 Steps to Manage Making tax Digital for Your Clients

Making Tax Digital is finally here. Below are some of the key points: April 2018 for income tax and National Insurance contribution (NICs) purposes if client’s turnover is over the VAT threshold April 2019 for income tax and NICs purposes if client’s turnover is below the VAT threshold

Making Tax Digital – is it an opportunity or a threat?

Making Tax Digital (MTD) is a government initiative that sets out a vision for ‘a transformed tax system and the end of the tax return by 2020.

Sharks Are Coming

Have you read following news? PWC enter SME market with SAGE Live Big 4 Re-enter the SME Market KPMG to take on Google and disrupt SME market Shrinking audit and KPMG SME offering means practice revolution Deloitte propels into SME market with £2.5m accounting services investment

Keeping on top of all your records and receipts

Do you keep piling up the receipts but have no record of any of them? Sometimes you feel lazy to maintain it or may be it slipped your mind to record it. There are many reasons and excuses, but there is only one solution – discipline.

5 Tips for Keeping your Accounting Organised

Keep it Separate: Buying a school bag for your child? Avoid using funds from the business account. Always use your personal account for it. If you do not have a separate account, please open a personal bank account.

Five Benefits of Cloud Accounting?

Let us first understand the ‘cloud’ terminology in cloud accounting. A cloud refers to online accounting, all the tasks are completely done in the web browser rather than desktop software. All the data is saved on the server, commonly referred to as the ‘cloud’.