Tag: bookkeeping

What is reconciliation in accounting?

It’s important that businesses of all shapes and sizes keep a tight hold on their finances. This includes ensuring that all accounts are recorded accurately and on time. After all, it’s crucial that all businesses always know where they stand financially and of course, meet all tax obligations. Reconciliation is an accounting process which many…

5 start up accountancy tips for 2022

5 start up accountancy tips for 2022 | 3 minute read The New Year is the perfect time to seize new opportunities, follow your dreams and start your own business. In the past two years, thousands of entrepreneurs have already taken a giant leap of faith and began their start up journey. And, although launching…

Reasons you should hire a small business accountant in 2022

Thinking of hiring a small business accountant in 2022? Read on. Running a small business can be incredibly challenging, especially when it comes to getting your business of the ground, maximising exposure, gaining funding to grow and ensuring that you do not overspend during those early days. And, from the moment you set up your…

What are the tax rules around staff Christmas parties?

It’s that time of year again. As we all start to wind down towards Christmas, many businesses are Christmas parties and festive gatherings!If you’re planning a Christmas party – either virtual or in person – it’s important you understand the tax rules and exemptions around staff parties. Of course, it’s worth noting that these rules…

How to keep your business finances in order

How to keep your business finances in order Running any businesses is challenging, and you’ll often find that keeping on top of your business finances can often take a back seat. After all, when your busy doing what you love and running your business, it’s easy to see how day to day bookkeeping can be…