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Accounting Jargon – What does it all Mean?

Starting your own business can be daunting enough, on top of this you need to get your head around a whole new language “Accounting Jargon”.  Assets, liabilities, accruals, overheads, costs of sales; the list goes on and on.  So where...

Paying your deferred VAT

Businesses who deferred their VAT payment which was due to be paid between 20 March and 30 June 2020 now have 3 options for payment: You can pay the deferred amount in full by 31 March 2021 You can opt-in to the VAT deferral payment...

Accountant v Bookkeeper

In the accounting world Bookkeepers and Accountants are to some extent intertwined as bookkeeping is part of accounting.  Bookkeeping (keeping books) is the first step of the accounting process, an accountant will complete the process...

Five Signs you need to Hire a Bookkeeper

You’ve gotten over the hurdle of starting your business, you’re established now and in the main things are going great, however you never realised how much paperwork there would be, never mind the admin of all the accounts on top of...