Abacus Accountancy – we’re your Virtual FD

As a business owner wouldn’t it be amazing to have someone on hand, keeping on top of your numbers, making sure you keep more of the money you earn rather than paying it in tax. These people do exist and we are ACCOUNTANTS. Abacus Accountancy becomes a part of your team, we're like your Virtual [...]

By | February 24th, 2017|Business, Finance, Uncategorized|0 Comments

Time for a new Accountant?

It can be difficult to know what to expect from your accountant. This makes it hard to decide if it’s time to move on, when you feel it is time for a new accountant. We’ve put together this simple guide to help you navigate this minefield:   Do you get on? Although this seems silly, [...]

By | February 1st, 2017|Business, Finance, News, Uncategorized|0 Comments

The self-assessment tax deadline is looming……

....we all know that businesses need to pay tax, but how many sole traders and small businesses are actually properly advised on what they should be paying? If you’re trading as a sole trader or partnership you are eligible to to pay (how much you actually pay is a whole other ball game!!) Income Tax [...]

By | January 6th, 2017|Business, Finance, News, Uncategorized|0 Comments

Make 2017 a Success, We’ll Tell You How.

With the New Year fast approaching it is a good time to look over the previous year to learn from your successes and your mistakes that you have made in your business. Whether you are a small business owner, or you are looking to start a business in 2017, we run through a few tips [...]

By | December 28th, 2016|Uncategorized|0 Comments

What’s on the Christmas wish list for your business?

Have those business results you dreamed of when you first set up your business proved more elusive than you thought they’d be? Do you sometimes lose sleep over cash flow issues and wish you had more cash in your business to cushion those quieter months? Do you hate to admit it, but is running your [...]

By | December 23rd, 2016|Uncategorized|0 Comments

Freelancers and the Gig Economy

Are you a Freelancer making your way in the Gig Economy? Living off your creativity brings with it a huge amount of satisfaction and the feeling of being independent, your own boss. But there are certain things that can burst that bubble, one of which is sorting out your accounts and (sorry we've got to [...]

By | November 30th, 2016|Business, Finance, News, Uncategorized|0 Comments

Do you need a Business MOT?

We’re just over half  way through the financial year, so maybe it’s time for a “Business MOT”. You make sure your car is fit to get you through the year, so why not do the same with your company? Here are the main areas that should be reviewed to make sure you are hitting your [...]

By | November 23rd, 2016|Business, Finance, News, Uncategorized|0 Comments

Doing your own bookkeeping? Beware of these mistakes…..

You may have been in business for years or you could be a young start-up finding your feet, either way, if you are spending time carrying out your own bookkeeping, make sure you are not falling foul of any of these errors……   Combining personal and business bank accounts Don’t get too caught up in [...]

By | November 17th, 2016|Business, Finance, Uncategorized, Xero|0 Comments

No more tax returns? Welcome to Digital Tax.

We are seeing the biggest shake-up on Self-Assessment for years, HM Revenue & Customs (HMRC) wants its relationships with taxpayers to have become almost exclusively digital, and digital tax accounts represent a significant step towards this goal. Under the new system, an organisation’s or an individual’s digital tax accounts will be accessible by them at [...]

By | November 8th, 2016|Business, Finance, News, Uncategorized, Xero|0 Comments

Termination Payments, the Rules are Changing….

From April 2018, the treatment of termination payments made by employers will be changing, employer's, but not employee's NI will be charged on all termination payments that exceed £30,000. As an additional cost to employers, this will potentially make redundancies much more expensive. HMRC are also planning on consulting on wider changes to the tax and [...]

By | November 2nd, 2016|Uncategorized|0 Comments