Category: Small Business

Should I Hire a Bookkeeper for My Self-Assessment?

As the deadline date for your self-assessment submission is fast approaching, you may find yourself asking the age old question ‘Should I Hire a Bookkeeper for my Self-Assessment?’ Well, that all depends on your particular situation as to whether or not this is a viable option or if it is …

Bookkeeping

A Day In The Life Of A Bookkeeper

Life as a bookkeeper was interesting, life as a self employed bookkeeper is something else entirely and no two days are the same. On a “normal” day I’ll wake between 5:30 and 6:00 and make my first cup of tea….there’s definitely a lot of tea drunk and biscuits eaten in …

Startup

Pre Start Up Costs – What are they & what can I claim?

Starting your own business is a scary step. Whether it’s a profession you’re familiar with or completely new territory the decision to make the move into self-employment is daunting. Before you start your business one of the things that could be on your mind will be pre start-up costs. What …

Colorful folders, isolated on white

Running a Business – Why do I need to keep good financial records?

There are many reasons that keeping your accounts organised is beneficial, the main one being that you will be compliant. HMRC can impose penalties on businesses whose accounts are not in good order and up to date. This penalty is generally in the region of between £250 and £500. However, …

Vat on wooden cubes over blur background

VAT – Do I need to register my business?

One of the most commonly confusing and daunting topics among business owners is VAT registration. In our many years of practice as bookkeepers, we have dealt with a large clientele and the question that very often arises is whether registering for VAT is the right decision for their company. Even …