Monthly Archives February 2022

7 Reasons Why Cloud Accounting Software Makes  Business Owners Less Stressful   Business owners are busy people - but I probably don’t need to tell you that. When you have a lot on your plate, the last thing you want to worry about is accounting and bookkeeping. So, let's take a look at seven major reasons why accounting software is a lifesaver for business owners. What Does Cloud Accounting Software Do? Cloud accounting software automates many accounting and bookkeeping tasks. It can be accessed from any device that has an internet connection, and it's also subscription-based, so you only pay...
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Making Tax Digital (MTD) for VAT: 5 Misconceptions Busted   The UK government's plans to make tax digital have been shrouded in controversy since they were first announced. There has been a lot of misinformation floating around, and many people are unsure about what the changes will mean for them. In this blog post, we will dispel some of the misconceptions about making tax digital for VAT and give you the facts. What's Happening? The Making Tax Digital (MTD) for VAT scheme rolled out on 1 April 2019 for VAT-registered businesses with taxable business income of £85,000 or more, however,...
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4 Essential Money Management Tips for Business Owners   There’s a lot to think about when running a business and prudent money management should be at the very top of that list. It’s important to put financial best practices into place so that you can manage your money well and create good habits going forward. Let’s take a look at four essential money management tips you need to know about.   1) Create a Budget and Review It Regularly Creating a business budget can seem daunting at first, but it’s an essential step towards good money management. It’s hard to...
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