What you need to know. From December 2017 current payslip based Transcash payment service will be withdrawn From 15 December 2017 HMRC payslips no longer accepted at Post Office counter Customers will need to engage with HMRC digitally and electronically In recent years, HMRC has seen a reduction in the amount [...]
Why doesn’t my bank account match the net profit on my profit and loss account? In our world, there is no such thing as a silly question and this one is no exception! So why don’t the numbers add up? We get asked this question on numerous occasions, “If I made [...]
Deerheart Collective Based in the centre of Lowestoft, Deerheart Collective is local tattoo studio run by Amy Grant, a locally trained and very experienced tattoo artist. As the name suggests Deerheart consists of four local tattoo artists who work from an open plan studio that also includes a separate room for [...]
Our monthly accounting service is what makes us different. Developed from our vision on making your life as a small business owner easier while improving your performance, the package works perfectly for businesses of any size whether a sole trader, freelancer, limited company or partnership. What is it? It’s a bespoke [...]
As advisors we are often asked various questions relating to business accounts and taxation, this question comes up quite alot . Many small businesses know the basics of general bookkeeping, however, some entering self-employment for the first time may need some guidance. For this reason, we have decided to compile a short [...]
Setting up and running a small business can be a very rewarding experience however, it's estimated that around 80% fail to get off the ground and that around half of the businesses that do start up will cease trading within the first 12 months! In this blog, we are going to look at [...]
This is something that seems to come up a few times a year, but it's one that is always worth looking at - the cost of making mistakes on your tax return! Many contractors and small businesses have turned to online accountancy software packages to keep business costs down. If you [...]
The basic information you will need to incorporate a new business. You will need to provide Companies House with the following information when incorporating a new company to ensure the application is a success. Registration can be done directly with Companies house or using third party software. You will need: Date [...]
So you want to start your own business? Starting up a new business can be both exciting and rewarding if done correctly there are plenty of business opportunities in East Anglia for all types of businesses and an abundance of networking and support groups available to promote your services. Being your [...]
How or when to register a business for VAT can be a confusing topic, Why? Because HMRC expect you to know the rules, and will punish you when you get them wrong. Quite harsh when you consider that you are not paid to be an unofficial collector and administrator of taxes. [...]
