Read my blogs
Guide to record keeping for new businesses
Guide to Record Keeping for New Businesses Whether you have been planning this for a while or your hobby has become your business (remember, any income more than £1,000 per tax year must be declared and may be taxable), you’ve taken the leap, and your passion has...
Why every business needs to obtain an invoice or receipt for their purchases
No matter what your business structure (yes, this includes sole traders), it’s essential to have a record of all your business purchases. You only have to ask my clients to know I chase them all the time to make sure we have a receipt for every one of their purchases....
Minimum Wage, Statutory Pay and Deduction Thresholds 2024-25
Minimum wage rates change on 1st April each year so it’s vitally important you are aware of the new rates and ensure you have checked your payroll software is up to date to ensure wages are calculated using the correct rates. The hourly rate for the minimum wage...
The benefits of outsourcing your payroll
Running your own payroll? How confident are you that you have a handle on everything? Now don't get me wrong there is some great payroll software out there, 𝘽𝙐𝙏 would you recognise if something didn't quite look right and know how to check it? It only takes one small...
Holding a Staff Party – A guide to HMRC rules
Party season is here, dig out the party outfit and get those dancing shoes on. It's time to get our heads around HMRC rules, to avoid being hit with an unexpected tax bill, and ensure we stay compliant. To qualify for tax exemption the event must meet specific...
The Importance of Cash Flow
Often overshadowed by its glamorous counterparts like revenue and net income, cash flow is the lifeblood of any business. Cash flow refers to the movement of money in and out of a business and can have a significant impact on a business’ ability to trade, grow and...
What is Anti Money Laundering (AML)?
When you decide to outsource your bookkeeping to a professional bookkeeper you may come across the term AML which stands for Anti Money Laundering. AML regulations exist to prevent criminals from laundering money through legitimate businesses. Any business who has...
What are the responsibilities of a director of a limited company?
If you’re transitioning from being a sole trader or a partnership, things can feel a little different when it comes to being a limited company. Maybe you’ve chosen to start off your business as a limited company but just need to be aware of your responsibilities. So...
What is Cloud Accounting
Cloud accounting is the perfect solution to manage the bookkeeping for your business. Cloud accounting is software which you can access from anywhere you have an internet connection. Unlike desktop accounting software there’s no downtime as updates occur on a regular...
Claiming business expenses for work clothes
There are specific rules around claiming for work clothes as a tax-deductible expense. Any clothes which you could use for ‘everyday’ or ‘personal’ use are not an allowable expense. Uniform If you wear a uniform for work purposes for example you’re in the beauty...
ABOUT SUE
Sue Haynes is the founder of Cactus Bookkeeping and helps business owners
with all aspects of Bookkeeping to save them time so they can concentrate on running their
business. Sue is licensed, regulated and supported by the Institute of Certified Bookkeepers (ICB)