Property & Tax- 5 things

Property & Tax- 5 things

Five things Property Investors should take onboard when it comes to property and tax. Property & Tax – 1 Consider the type of property and time frame of the investment, short term or long term. Property will either be commercial and/or residential property. Commercial properties include offices, hotels and warehouses.Regarding rental income, residential rent may be more certain on an

Read More

Happy Monday, Happy Accountants – Happy Animals!

Happy Monday, Happy Accountants – Happy Animals!

Happy Animals – We are happy to see our Animal Charity Drive continues to grow in 2019. We are also happy that the Tax Return Season has ended! We’re now getting on with many other aspects of our business. For those of you that know us we are not your “common garden accountants”. We like to go the extra mile

Read More

Getting Started with Cloud Accounting and Xero: Three Things to Know

Getting Started with Cloud Accounting and Xero: Three Things to Know

Financial and business information plays a vital role in the management of businesses. It is used for numerous day-to-day operations: To comply with accounts, tax, PAYE and VAT obligations To tell us about levels of cash, income, costs, debt and monies owing To track income and expenditure from products, services and project. A cloud-based accounting system like Xero helps you

Read More

Keep Business Cash Flowing

Keep Business Cash Flowing

Cash is the most important financial commodity that keeps the business wheels rolling.  Cash is the life-blood of any business and is vital for survival, sustainability, investment and growth.  We need cash for a whole variety of things, from paying staff, suppliers and bills, buying equipment, servicing loans and paying taxes. Three things to remember to help keep that business

Read More

A BIG THANK YOU re our successful charity drive

A BIG THANK YOU re our successful charity drive

Here at Pro Active, Scampi and the team would like to say a BIG thank you to all you kind animal lovers out there that donated to Scampi Claws Christmas Charity Pet Drive at Christmas. It grew from a small idea amongst the Pro Active team to something much bigger. We thought it was a great way to show we

Read More

Business Resolutions for 2019

Business Resolutions for 2019

Business Resolutions for 2019 – New Year for most of us is RCA time, namely Reflection, Consideration and Action. Reflection over the year just gone, Consideration for the year to come, and Action in what we aim to do differently (or keep the same). This RCA time also applies to your business. Business planning is a great way to help

Read More

Tax Return Reminder

Tax Return Reminder

Three key tips in for you to consider if you haven’t filed your tax returns yet. The clock is ticking, the 31-Jan-19 is D-Day, and if late penalties will apply, even if no tax is owed. Here at Pro Active we’re in full swing! We will be contributing to the filing of the many millions of Tax Returns that need

Read More

Tackling Your Tax Return

Tackling Your Tax Return

Tackling Your Tax Return for 2017-18 ‘season’ is now getting into full swing. At our office will be contributing to the filing of the many millions of tax returns that need to reach HMRC by 31st January 2019. These returns will cover both income and capital gains for the year ending 5th April 2018. Here at Pro Active Resolutions we

Read More

Xero Conversion: Set up guide

Xero Conversion: Set up guide

Pre-start 1. Business legal name & associated registration and tax references 2. Financial year end for your organisation. 3. Logo, payment terms and a starting point for your invoice/credit note numbering sequence 4. Email address of your accountant or bookkeeper 5. Your chart of accounts or a list of categories to organise your accounts by (for example, Rent, Stationery, Sales)

Read More

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

Read More