Blog

“AT Monday, the Chancellor announced the biggest package of tax cuts in 50 years. Without even a semblance of an effort to make the public finance numbers add up. Instead, the plan seems to be to borrow large sums at increasingly expensive rates, put government debt on an unsustainable rising path, and hope that we […]

Different set-ups require a different way of running things, so the right choice for one business could be completely different to another, even if they offer the same services within the same sector. When you are first starting out in business, many people believe that being a sole trader is the easiest route to take, […]

Completing a self-assessment is the bane of a lot of contractors‘ lives; on top of taking a lot of time, there are often many common mistakes made which can either result in having to start again or receiving a fine. Not all mistakes lead to a penalty but they can lead to more tax being paid […]

From 1 November 2022, VAT-registered businesses will have no choice. But to use Making Tax Digital (MTD) compatible software to file their VAT returns, unless they have a digital exclusion exemption. Businesses with a taxable turnover above the VAT registration limit of £85,000 have had to use MTD VAT rules since 2019. It became a […]

Establishing your own business with the ability to control your career path, and even being your own boss is definitely a desirable prospect. All that additional freedom and flexibility may perform extremely well ( even if sometimes it’s not exactly the way you’d expect). The fact owning your own business typically requires a little more administrative work […]

Xero as well as QuickBooks Online are two of the most well-known and effective accounting software options for small-scale entrepreneurs. While both are able to aid in managing complex processes such as billing, invoicing, financial reporting as well as tax management, they are more suited to various types of businesses. In this comparison of one-to-one, we’ll […]

Bookkeeping for healthcare and medical practices can be complicated. From working with insurance and third-party billing companies to preparing financial information for your board, bookkeeping for doctors and healthcare practices requires specialized knowledge. Here are some tips that can improve cash flow and provide timely & accurate data. Go paperless The move to paper-free is […]

Are you a business owner who has seen your income/turnover rise above the £ 85,000 VAT threshold? Or Do you think that turnover will exceed £ 85,000 within these next thirty days? If you have answered yes to either of these questions, you need to be clear on the nuts and bolts of registering for […]

Bookkeeping helps you to understand the performance of your business by keeping track of the funds flowing within and out of your company. The bookkeeping process involves keeping detailed documents of your earnings as well as expenses and costs of expenses. This aids in understanding the financial performance of your company. It also gives you the […]

Account-Ease is one of the largest accountancy providers in the UK; we offer a great range of property tax advice specifically for landlords or those with second properties. If you receive rental income that exceeds your total expenses, allowances and reliefs. Then you are required to pay tax on this income by submitting a tax […]