Archive for the ‘Business Services’ Category

From Xero to Hero? Desktop to cloud accounting

Posted on: April 10th, 2018 by Judith Mallen No Comments

Business accounts often have a reputation for being complex and time consuming for anyone who isn’t an accountant. However, software that makes doing business a pleasure can only be a good thing: making money and seeing your business grow and develop should be fun. (more…)

Important changes in the Workplace Childcare Voucher Scheme

Posted on: March 20th, 2018 by Clive Headon No Comments

The Government launched a new Tax-Free Childcare scheme for working families from April 2017.

What does this mean for you as an employer?

If you currently have a voucher scheme in place, you can continue to join new members until October 2018 (or for as long as you keep the scheme open) although employees who wish to join after this date will be unable to. (more…)

Spring Statement 2018 – Upcoming changes

Posted on: March 14th, 2018 by Clive Headon No Comments

National living wage and national minimum wage

National minimum wage rates for all ages and apprentices are increasing from 1 April 2018. (more…)

One million firms comply with auto-enrolment

Posted on: March 1st, 2018 by Clive Headon No Comments

The number of employers that have complied with auto-enrolment passed one million for the first time in January 2018.

Data released by The Pensions Regulator showed the total number of employers to have completed their declaration of compliance stood at 1,032,567 in the first month of 2018. (more…)

Now Pensions – Important Information released from the Pensions Regulator

Posted on: February 16th, 2018 by Sarah Curzon No Comments

On the 6th February 2018, the Pensions Regulator (TPR) announced that it has set NOW Pensions a deadline to resolve persistent administrative errors with the pension scheme.

Due to administrative errors carried out over a number of years, some scheme members savings have not been collected from employers and therefore not been invested.  As a result the TPR has fined the trustee (NOW: Pension Trustee Limited) a total of £70,000 for its failings.  (more…)

Workplace Pensions – Increase in Contributions

Posted on: February 9th, 2018 by Clive Headon No Comments

Here are some changes that you need to be aware of that are coming soon to your workplace pension contributions obligations, under Auto Enrolment.

If your pension scheme is being used for automatic enrolment, as from the 6 April 2018, all employers by law will be required to increase the minimum contribution that they currently pay into their employee’s pension scheme to at least 2% and employees will have to increase their contributions to 3% to bring the total minimum contribution to 5%.  (more…)

Trivial Benefits

Posted on: January 18th, 2018 by Sarah Curzon No Comments

Christmas is the time of giving and you might have given your employees presents over the holiday without giving thought to the tax implications these bring.

The good news is though that the rules have been relaxed slightly as part of moves to simplify the tax system. Until 5 April 2016, gifts to employees and directors, given at any time of the year, had to be reported on form P11d. These were taxable and subject to Class 1 NIC. (more…)

Setting your business payment terms

Posted on: January 17th, 2018 by Sarah Case No Comments

Healthy cash flow is important for any business. However, it is especially essential for small business owners in those first few ‘make it or break it’ years.

Business owners who set clear payment terms with their customers, invoice quickly, and follow up on late payment can avoid the dreaded cash flow crunch that can quickly put them out of business.

We’ve put together some simple guidelines for setting payment terms that can help you get paid quickly and maintain a steady cash flow. (more…)

Mistakes to Avoid in Xero

Posted on: December 14th, 2017 by Judith Mallen No Comments

Making transfers between two accounts

When recording a transfer between two bank accounts users tend to code it as a transfer in each account which results in unreconciled transactions in both bank accounts. To avoid this only code the transfer in Bank Account 1 and Xero will automatically create a corresponding entry in Bank Account 2. You will only need to match the transaction in Bank Account 2. (more…)

Top Hints & Tips for Sage 50 Accounts

Posted on: December 8th, 2017 by Judith Mallen No Comments

Would you rather see something useful on opening Sage rather than the Welcome Page? If so:

– Go to Tools
– Go to Options
– Go to View
– In Desktop choose what you would like to see from the dropdown menu. (more…)