Cloud Accounting

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Four reasons why your small business needs an accountant

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When you make the decision to start a small business, you will probably have a host of questions. You will also be trying to keep expenses as low as possible, and outsourcing to an accountant may seem like an extra cost. However, an accountant that specialises in small businesses will be able to answer all your questions, providing advice that could make the difference between success and failure ...
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Right time to use Cloud Accounting Software ?

cloud accountants
With cloud accounting software the sky is the limit for small business.  As a small business owner you have enough to do without spending time and effort keeping track of your expenses or working out who owes you what.  Nearly all small business owners (if they are being honest) will also agree that cash flow can be erratic at times, and to do simple tasks like produce invoices,  track bank and...
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Choose the right accountant/tax adviser for you or your business

accountant in ilford
Tips on how to choose the right accountant/tax adviser for you or your business It is important to choose your accountant/tax adviser carefully. Here are a few tips to help you. If you have not used an adviser before you should be aware that anyone can call themselves an accountant/tax adviser whether or not they are professionally qualified. There are some non-qualified advisers who may ...
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Cloud Accounting for Small Business

Cloud-Accounting in ilford
Problems with traditional accounting software The data in the system isn’t up to date and neither is the software. It only works on one computer and data bounces from place to place. For example, on a USB drive. This is not secure or reliable. Only one person has user access. Key people can’t access financial and customer details. It’s costly and complicated to keep backups (if done ...
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Self Assesmnet Tax Return – Deadlines and Penalties

Tax return services in ilford, Self Assesment
Deadlines and Penalties If you receive a Tax Return, you are legally obliged to complete it, even if you think it is not relevant to you. If you do not submit a completed Tax Return, you will be fined and HMRC may issue an estimated tax bill (called a ‘determination’). This estimated bill will stand until you send in the completed Tax Return. You have only three years from the 31 January filin...
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