Are you up to date with the rules of record keeping for your business? If you have a small business you must keep records of your business income and expenses for your tax return. This would apply if you are self-employed as a sole trader or are a partner in a business partnership. If you are the nominated…
The annual deadline for paying your tax bill is the 31st January. If you are required to make Payments on Account, which is a way of spreading your tax bill throughout the year using advance payments, then you will make two payments over the year – one on 31st July and the other on 31st January. There are various ways…
If you are lucky enough to have come across one of our discount codes, sign up below to receive 20% off the total cost of your Self Assessment tax return.
Quickbooks online workshop – ran by Quickbooks ProAdvisors Would you like to learn how to use Quickbooks Online, one of the leading providers of cloud accounting software? Do you already use Quickbooks Online but would like to know more? We provide Quickbooks Online workshops for Small business owners, employees or anyone who has the need…
Having a financial ‘sort-out’ is always on my agenda of things to do to, but always seems to be pushed to the bottom of the pile. After months of being on my ‘to do’ list, I finally set aside a morning. Am I glad I did!! After arming myself with a cup of coffee and…
Do you feel you are paying too much tax? You are not alone, read on to find lots of ways to reduce your tax bill legally. Make sure you are getting any tax credits you are eligible for as this could put money back in your pocket with minimal effort. There are also ways you…
So, what is this thing called Cloud Accounting? Cloud accounting is accounting software that is hosted on remote servers. Data is sent into “the cloud,” where it is processed and returned to the user. It is like traditional, on-premises, or self-accounting software, only the accounting software is hosted on remote servers. If you think about when you use internet…
The main things you need to know when employing staff for the first time: Decide how much to pay someone You must pay them at least the National Minimum Wage. Employees who do not receive the National Minimum Wage may bring a claim against their employer in the employment tribunal. It is also a criminal…
Knowing whether you should claim for VAT can be a minefield. How do you know if it is in your businesses’ favour to register for VAT? Will you lose or save money? Is your registration voluntary or is it compulsory? Unless you are a qualified accountant it can seem baffling. Luckily, here at A Wilson…
Here at A Wilson Accounting we are certified ProAdvisor’s for QuickBooks. We now offer QuickBooks Online Training, enabling small businesses to do their bookkeeping themselves. This will help save you money and be safe in the knowledge that you are doing it correctly. By using this system, it will save you time when doing bookkeeping…
