Keeping proper books & records is the law. It’s not something that is nice to do or something you’d like to do. It’s a must and is something that can give you very valuable commodities. Those commodities are money, time, and confidence. When I say it’s the law, there are plenty of pages and sections
The difference Xero makes to the lives of business owners can’t be overstated. The digital accounting software has been created specifically for entrepreneurs, designed to free up your time and give you a treasure trove of actionable insights. We’ve already looked at how cloud accounting will help your business, but let’s get more specific: here’s
In 2024, using spreadsheets for your business accounting is clunky and inefficient. Desktop-based programs like Excel require extra hours and effort that could be spent developing your business. The answer? Digital accounting software. When operated correctly, this cloud-based technology streamlines your finances and yields reliable data you can use to your advantage. Let’s look at
Payroll. It isn’t easy you know. I see it as a mixture of IT, Payroll, Tax, and HR. Payroll is something I love doing. There’s great satisfaction in helping clients and their employees. A small difference in take -home pay can prompt a call to find out what’s going on. We are in an era
Enhanced Reporting Requirements [ERR] is almost upon us. We are going to give our top ten tips to help you cut through the jargon. Some of the tips need action before the end of this year. Our ERR 10 tips will focus on What is ERR When is it coming in What you have to
It’s so much more than just a compliance task. “Rubbish” may be a strong word to use, but we so often see entrepreneurs restricting their own business’s growth by limiting their bookkeeping to basic record-keeping. While this fulfils compliance purposes for Revenue, it doesn’t even scratch the surface of the powerful insights you could gain
A catchy title. Bookkeeping – Outsource or Die is the title of a book. We were working with a business coach for accountants in the UK and the guest speaker Mark wrote it. He was a UK national living in the Philippines. He and his team provided outsourcing solutions to UK accountants. Successful and smart,
We’ll have a look at Company Taxes – The Basics, so please stick with me as it’s a hard sell. The best way to do this is by using an example to run through the basics. This will help you stay awake. Trust me on this one. Let’s delve into Introduction The Agenda The Meeting
My friend John calls me a bean counter, knowing that I am part of an accountancy and tax business. The bean counter reference is an accusation. A not-so-subtle dig at the accountancy profession. He doesn’t hold accountants in high esteem and is brutally honest about it. I came across the Bean Counter Cafe on my
I had a meeting this week with Bridget Higgins who is starting a new business. Already working, this is a new gig for her, and she wants to get things right from the start. It got me thinking that we didn’t write anything about this before. Plus, it could help to point you in the
