As you know, the fallout from the Coronavirus pandemic continues, most businesses are adversely affected.
Please see link here as regards to the support available. We have summarised below the main points for small businesses to help understand clearly the help available during these extraordinary times.
… Continue ReadingPub owners have reason to celebrate as the Government pledges to a £1,000 business rates cut for pubs.
This valuable tax relief will be available to pubs with a rateable value of less than £100,000 available for a year from April 2020.
The welcome support to public houses is in addition to the previously announced cuts for small shops who will see their bills cut by 50 per cent.
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As a start-up or small business owner, you want to know you are operating legally and following best practice. Here are the main topics you need to know about and understand to some degree to ensure you are operating your business legally and above board.
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This question entirely depends on what is stated in the employment contract you have in place with your employee. Usually, if an employee is unable to make it in to work because of adverse weather conditions, they can take annual or unpaid leave or more frequently nowadays, employers are comfortable with staff working from home.
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As a self employed individual or a director of a limited company, you may be experiencing the best that a modern day accountant has to offer, or at least we hope so!
25 years ago, an accountant’s role was limited to review of numbers on paper, with a view to past performance. The stereotype of a middle aged, balding man in a suit with a calculator in his front pocket existed for a reason! At its core though still, the accountant’s goal was to provide business support via reliable numbers to help determine profitability and pay the right amount of tax.
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According to research released this month by Starling Bank, small businesses spend on average almost 2 hours a week on accounting, equivalent to 20% of a small businesses time. Furthermore, 32% of small business owners cite accounting as the most stressful part of running their business.
According to the same research, 16% of small business owners saw the benefit of integrating their bank account to online accounting software, such as QuickBooks or Xero.
20% of other small business owners saw the benefit of being able to see all their business financial information in one place would make a huge difference to the time spent on finance in their small business.
The importance of small businesses can’t be overstated. They make up the majority of enterprises in the UK, employ almost nine million and generate nearly a trillion pounds in revenue each year.
Southside Accounting are your local cloud accountants in Wimbledon and London. We’re local, like you. And we’re a dynamic small business. Just like you.
We are fully chartered, certified accountants so we’re well qualified to be the trusted advisers you need to help make your company a success.
All our clients are on the cloud and have access and support on cloud accounting software, in both QuickBooks and Xero.
Our fixed fee structure means there are no surprises. And our smart Service Plans are tailored to meet the particular demands of your business.
So whether you’re a sole trader just starting out, a Limited Company, PAYE, or an established business with employees, we can help.
Call us to book a free no-obligation meeting today.
We always offer an initial free face to face meeting with prospective clients, so we can get to know you and your business and understand your unique circumstances and business goals.
Written by Shaima Todd.
Team Southside wish all our clients and contacts a very prosperous year ahead, whatever your business ambitions may be!
This is a fantastic time to take the opportunity to take stock of your business and personal finances and consider if you would do anything differently.
Are you happy with your finances? Are you getting the support you need from your accountant currently, support that will help drive growth or sustain cash flow, so your small business can thrive? If not, get in touch; we may be able to help.
Southside Accounting are a team of chartered accountants in Wimbledon and London, supporting sole traders and limited companies through state of the art cloud accounting software, with transparent and fixed monthly fees.
Our smart Service Plans are tailored to meet the particular demands of your business.
So whether you’re a sole trader just starting out, a Limited Company, PAYE, or an established business with employees, we can help.
Call us to book a free no-obligation meeting today.
We always offer an initial free face to face meeting with prospective clients, so we can get to know you and your business and understand your unique circumstances and business goals.
Written by Shaima Todd.
Below is a comprehensive list of what a small business needs to be remember in the tax year to help keep on the right side of HMRC.
If you work for yourself, you may not have anyone to prompt you to remind you of the important dates you need to remember your obligations.
Some of the dates may change year to year but the deadlines will fall broadly at the same time each year, so these are worth remembering or keeping a note off to keep you on track.
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Christmas is just over 3 weeks away and the start of the busy social season with clients and staff is upon us. Your guide to claiming entertainment tax efficiently through your business – the do’s and don’ts and everything in between.
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