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Artificial Intelliagence (AI) & your Bookkeeping

Are you using artificial intelligence (AI)? As we see AI more and more in daily life, we're hearing debates and speculations about its potential to replace traditional professions, including bookkeepers and accountants.  While AI is indeed transforming the finance industry, the question remains: Will it do finance professionals (like me !😉)  our of a job?  In this blog I'll look at the impact of AI on accounting and discuss ways AI can be used to assist bookkeepers and acc...

5 Ways Bookkeeping can help your Business grow

Running a small business can be tough - there are many challenges that small business owners face daily. However, maintaining accurate and consistent financial records doesn’t need to be one of them - and it’s a great way to help your business grow. Bookkeeping is the area of accounting that deals with recording financial transactions, and it can play a vital role in the success of your business. In this blog post, we will discuss five ways bookkeeping can help your small business grow....

5 Things to consider when becoming Self-Employed

You've made your mind up and decided you'd really like work for yourself and achieve your dreams on your own terms.  But... Where do you begin? Disclaimer,  details of this post should not be accepted as financial or legal advice it is offered for information purposes only. ...

Are you ready for your tax return?

For Freelancers and small  business owners, tax season can be a stressful and daunting time of year.  It makes sense that you’d rather not think about it, but as a bookkeeper, every year I see business owners feeling the stress as the season approaches because they know deep down that rushing things and leaving it to the last minute could lead to mistakes and penalties.In this blog we'll explore why now is the time to get your self-assessment tax return done, instead of waiting unti...

Financial Tips for Small Business Owners

Running your business is rewarding, but it comes with various challenges, finances being one of them  - especially when the economy has gone wild and numbers simply aren't your thing.Whether you're a freelancer struggling to keep your business afloat or a seasoned business owner trying to navigate unpredictable economic times,  handling finances for your business is crucial but can feel daunting.In this blog post, I'll share a few tips on how you can manage your finances during periods...

Why hire a Bookkeeper?

Balancing work, holidays, family and other personal responsibilities, can be tricky especially if you're a Self-employed and running your business solo.   You want to be able to keep you business running smoothly while taking a time out.That's where hiring a bookkeeper comes in, as a freelancer or small business owner you might think of it as a cost that you can't afford, but outsourcing your bookkeeping can save you time, money and stress. Read on to find out how.....

Invoices

noun:  An itemized bill for goods sold or services provided, containing individual prices, the total charge, and the terms (with thanks to dictionary.com:)...

SA Payment on Account & the benefit of a cashflow forecast

You might have received a statement from HMRC in the past few weeks reminding you that your payment on account is due by 31st July. Hopefully, I can shed light on what a payment on account is so you can navigate this aspect of tax compliance. With the July 31 deadline approaching, it's important to understand what payments on account entail and who they apply to....

5 Tips to help you get to grips with your Bookkeeping ..

Whether your hobby has become a little side-hustle, you're just starting out in business or have been trading for a few years you should keep a record of all your business related incomings and outgoings so that you are fully prepared for your end of year taxes.The aim of this article is to help you understand how take charge and understand of your financial records.  These tips apply to those that are managing their own bookkeeping, but if you already use a Bookkeeper or Accountant they ma...

Frequently Asked Questions

A bookkeeper will keep an accurate track of the money coming into and out of a business, carrying out tasks like managing the day-to-day cash flow & accounting transactions, preparing for year-end tax returns and help keep the finances running efficiently....

Bookkeeping, What is it?

Definition:noun:  bookkeeping [ boo k-kee-ping ] :  The work or skill of keeping account books or systematic records of money transactions (distinguished from accounting). What does that mean:It is the recording if your sales, purchase, receipts and payments transactions forming the basis of the accounting process of a business. ...

In the beginning ...

Well I've done it, I've taken the plunge and started my own Bookkeeping Practice.   I did wander if it was the right time to start with all the changes and restrictions caused by the pandemic, but then one day in the middle of lockdown while checking my own bank statement and wishing I hadn't of left it all to the end of the month when I can't remember what I've spent,  I started thinking..... ... I bet there are a lot of people in lockdown working through all those jobs that they...