Are you still using spreadsheets for your contractor accounting? It’s time to change
We know that as a contractor you’re busy, and even when you’re not, the last thing you want to be doing with your time is managing your accounts, whether that’s with the help of a contractor accountant or on your own. So you want a process that’s smooth and will take up as little of […]
Accounting software – Great up to a point, but then let people take over
For many years some specialist contractor accountants have developed their own technology solutions to help clients provide data in a format that would enable those providers to deliver great service at a reasonable price. Some use spreadsheets whereas others created their own cloud based systems. The common objective has been to reduce the time spent […]
Five reasons why your accounting spreadsheet is letting you down…
Is your accounting spreadsheet up to scratch? There’s nothing more satisfying than when your complicated spreadsheet tallies up, especially when you’re using it for your accounts. But what happens when it doesn’t, or more worryingly, if you were to make a mistake that isn’t picked up for while? In this blog, Janna Beeching, Director […]
Choosing a company name – what to avoid, what’s allowed and how to change it
Choosing a company name If you’re a contractor in the process of setting up your own Limited Company one of the first things to think about is what to choose as your company name. You may think that this is easy and you can basically choose any name you like. This isn’t quite the case […]
Company resolutions – ordinary and special
Company resolutions – ordinary and special It’s always useful for Limited Company contractors to know a little about some of the basics of the legal aspects of running their business. One important area to be aware of is how company resolutions work as these are used for doing a variety of things within your company, […]
Invoicing – what should you include on an invoice?
Invoicing – what should you include on an invoice? All Limited Company contractors will usually issue invoices to their clients for products or services supplied. Some aspects of invoicing are legally required, for example, if both the contractor and the customer are registered for VAT, by law an invoice must be issued for every single transaction. […]
What is the difference between an accountant and an auditor?
Accountant vs auditor At first glance it may appear that the two functions are almost identical. In fact there are several significant differences between the roles. At its simplest level it can be said that: Accountants – are concerned with the gathering, recording and analysis of the day-to-day financial transactions of a company within a particular […]
Companies House – what is it?
Companies House – what it is, what it does, director duties and obligations Companies House is the official UK Registrar of Companies, operating within the remit of the Department of Business, Innovation and Skills (BIS). It keeps records of all UK private and public Limited Companies. All new companies must register with Companies House and […]
Contracting overseas and EC sales list requirements
Contracting overseas and EC sales list requirements While contracting with overseas customers can add significant revenue to your business it’s important to get the tax elements right to avoid any penalties from HMRC. If you’re a VAT registered Limited Company you must report your sales of applicable goods and services to VAT registered EU businesses […]