What is a Sole Trader? A Sole Trader is a self-employed individual who is fully responsible for their own business. Choosing to run your business as a sole trader means that everything is controlled and owned by you. By sharing a legal identity with your…

Making Tax Digital Update For the past few years, the government has been implementing a digital tax policy that will eventually change how almost all businesses manage and pay their taxes. You may already be aware of Making Tax Digital (MTD). It was introduced in…

As you would expect, there is a wide range of different accounting software available for businesses to use. These include the top 3 most commonly used: Sage, Xero, and QuickBooks. These do, however, involve a monthly charge for their services.If you are a smaller business,…

We live within a society that requires a multitude of professionals to prove that they are qualified to do the job, from gas engineers, electricians through to doctors. In the case of many professions, for instance a gas engineer, they need to be registered with…

With the COVID-19 pandemic still impacting businesses worldwide, and with a range of supportive schemes being introduced by the UK Government, it is hard to understand how to access these schemes and if you’re even entitled. To help businesses understand what they can, and cannot…

There are many unknowns or simply myths when it comes to VAT and what it is or how it many change due to Brexit. Although we left the EU on the 31st January, we do have a transition period which is expected to end in…

For the day-to-day running of a business, it may not seem like utilising a bookkeeper is necessary, as many companies either see it as an additional cost, something they are able to do themselves, or simply don’t understand what a bookkeeper does and how it…