Accountancy services have evolved considerably from what they were at the start of the year 2020 to what they are in 2021. The Covid 19 pandemic has just completed a year but what a year of tremendous change it has been! Accountancy no longer remains in its traditional shell, gone are the days when accountants were comfortable solely with paperwork and files. Now accountanc...

Read more

January 29, 2021

Accounting for Start-ups can be difficult if they do not take care of certain things. Below are the Tips for The Self-Employed Business Owners.


You need to keep an eye on the deadlines. It may seem easy to remember all the dates. However, it is better to write them down and set reminders. Different dates for VAT, SA and YE may ...

Read more

January 27, 2021

While keeping the books might not be a task one fancies doing oneself; if the cost attached to it starts seeming significant it would be no surprise to want to amend things a little or seek alternate options. A reduction in operating costs after all, would immediately help in bringing down expenses. In-house accounting would obviously be the more expensive version with havi...

Read more

January 25, 2021

The importance of on-demand access to core financial data has been highlighted by COVID-19. For most of the business leaders, cash flow quickly climbed to the top of the list of priorities as they suddenly needed to develop an accurate forecast for the immediate future by knowing how much cash they had on hand. To emerge from the situation stronger and to modernize the

Read more

January 22, 2021

Accounting business is the one who often rely upon outdated processes and paper from decades because of which this industry is not known for being technologically savvy. However, due to the pandemic situation, the industry has shifted their gears and many accounting businesses are planning to shift online in a remote work setting.

The challenges which come on thei...

Read more

January 15, 2021

If anything, the COVID-19 pandemic has brought to light the importance of contact. People now want to reduce their contact with objects and thus, going paperless is just a part of it. Along the same lines, it is also important to note that a completely paperless office might not be practically possible. Some printouts are a necessity. However, reduction in paper consumption...

Read more

January 13, 2021

If there has ever been a year for dynamism and constant change then it will be 2020 that will be remembered. As we draw close to the end of the year, you’ll find that despite everything that the government and health officials have tried to do – the air of uncertainty still hangs thick. And it is this uncertainty that is making business owners feel even more com...

Read more

January 11, 2021

Any taxpayer may overpay to Her Majesty’s Revenue and Customs (HMRC), and this applies equally to an employee, self-employed, or someone who owns a company. HMRC makes sure that everyone pays their taxes, but at the same time, it also doesn’t want anyone to overpay.

For refund of tax overpayments, there are procedures in place. However, the process is ...

Read more

January 09, 2021

Recently in UK Chancellor Rishi Sunak is planning to pull out the corona virus business loan schemes till the end of March and furlough scheme until the end of April 2021 to hold up UK businesses as restrictions continue. The Budget is set for 3rd March 2021. As more areas of England delve into tier three restrictions today, Chancellor Rishi Sunak has extended the coro...

Read more

January 08, 2021

Recruitment has always been a very cumbersome and challenging process for businesses and more so for start-ups and even greater a challenge is to hire the right candidate with the right skill-sets. In spite of these challenges, an effective recruitment process is highly imperative for any start-up and hence the start-up should invest well in the recruitment process. However...

Read more

January 06, 2021

Despite it being a year since the virus was first spotted, COVID-19 is still very much a part of our lives and we have had to adjust ourselves to this new and masked ‘normal’. However, the pandemic and the resulting lockdowns has struck the death knell for many a business. Over 87 percent of businesses (especially small businesses) have found themselves struggli...

Read more

January 04, 2021

As astounding as it may sound, only a minority of 30% small business entrepreneurs feel that accounting services are required. Since a penny saved is a penny earned – a trend that is bound to pick up weight due to Covid-19 – it appears that even more business owners have joined ranks in the misconception that they are actually ‘saving’ themselves on ...

Read more

January 01, 2021