Category Archives: Bookkeeping and Payroll

Making Tax Digital

Making Tax Digital

What is MTD? Making Tax Digital (MTD) is helping HMRC achieve their stated ambition of becoming a world leader in digital tax administration. As well as, making sure the UK tax system is effective, efficient and easier for taxpayers. MTD for VAT is the first major step in that ambition. From 1 April 2019, VAT-registered businesses above the threshold of

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Cash Flow & How To Manage it

Cash Flow & How To Manage it

Managing Cash Flow Revenue is vanity, profit is sanity, and cash is reality.  Cash, what gets paid into our banks or our wallets/purses is the life-blood of any business. Cash is needed for a whole variety of things, including from paying bills, buying equipment, repaying loans and paying taxes. Insufficient or inadequate control of cash is one of the

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Accounting for the modern age

Accounting for the modern age

Accounting for the modern age, a cloud-based accounting system. Allowing you to manage your financial information more efficiently and cost-effectively. Financial and business information plays an integral role in the management of arts businesses. It is used for many day-to-day operations: to comply with accounts, tax, PAYE and VAT obligations; to tell us about levels of cash, income, costs, debt

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Cloud Accounting Software And Credit Control

Cloud Accounting Software And Credit Control

Helping Improve Credit Control Using a robust cloud accounting software can greatly improve your credit control, an area that a lot of people find quite challenging.  Although credit control is the life-line of businesses it doesn’t always receive the attention it should and many businesses find numerous obstacles when dealing with it i.e. not invoicing as soon as work is

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The Evolving World Of Financial Reporting

The Evolving World Of Financial Reporting

Changes In Financial Reporting The world of accounting and financial reporting may not seem the most dynamic one. This is understandable if you consider that double entry bookkeeping, a system for recording financial transactions, has been largely unchanged since its invention in the 15th century (some say it goes back further). However, there is a significant accounting change coming in

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