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Should I be a Partnership or a Limited Company?

There are 3 main types of trading: Sole Trader – This is 1 person trading in business alone as self-employedPartnership – This is 2 or more people trading in business togetherLimited Company – Either a Sole Trader or a Partnership can decide to trade as a Limited Company.   ...

What are the new rules after we leave the EU?

From 1st January 2021 the new rules for import, export and working with the EU will change.  All businesses should be preparing now so you are ready for 1st January 2021....

I Need Help with My Bookkeeping in Stafford

Struggling with bookkeeping in Stafford? You're not alone. In this blog post, we'll explore the challenges many individuals and businesses face in managing their financial records, and we'll provide expert guidance on how to find the assistance you need to streamline your bookkeeping processes and regain control of your finances....

What help can I get for the November 2020 lock down?

The Furlough scheme has been extended for November 2020 to March 2021. The Furlough scheme was due to finish at the end of October 2020 but is being extended to cover November 2020 to March 2021.  The Employee should still receive a minimum of 80% of their salary for hours not worked and the Employer can top this up to 100% of hours not worked.  The Grant recovered from the Government will be as follows: MONTH                      ...

How can I pay my staff after Furlough ends?

Furlough also known as the Job Retention Scheme will end on 31st October 2020. After this date, the available support for paying staff is the Job Support Scheme.    The Job Support Scheme (JSS) will open on 1st November 2020 and run for 6 months. JSS is split into 2 parts, JSS Open where the business can stay open or JSS Closed where the business has a legal requirement to close due to lockdown rules....

How much does an Accountant in Stafford cost?

Embarking on the journey of financial management often prompts the question: 'How much does an accountant cost?' In this blog post, we delve into the various factors that influence accounting fees, demystifying the pricing structures and providing insights to help you make informed decisions about hiring an Accountant in Stafford for your personal or business needs....

How can I keep my Business going after Furlough ends?

As once said in Star Trek, we continue to trek Covid 19 while restrictions are eased. We now must balance safety with normality and find a new normal. As lockdown eases further in July 2020 we have to find a way to move forward together, to survive and thrive. The Chancellor made the following announcements on 8th July 2020 listing all Grants, Price Cuts & Vouchers available to Employers, Families & Home Owners so: Your Business can surviveYou Keep your staffYour home & family can thrive ...

What is the Tax-Free allowance for 6th April 2020 to 5th April 2021?

The tax-free allowance is the amount of Gross Income you can earn in a year without having to pay any tax. The tax-free amount is set every year in the budget and is announced by the Chancellor....

The Force Accounting journey

My name is Parjit and for most of my youth everyone called me Parj. In 1999, I started my career in Accountancy after my first set of qualifications were completed.  On my first day in my new career, as I was introduced to 1 new colleague after another, somehow along the morning introductions, I had been introduced as Parj, then Peej and by the time I stretched out my hand to meet the Managing Director Peej was translated to PJ. By the end of the week I was even referring to myself as PJ. 2...

Digital Bookkeeping is here

The Government had announced that Digital Bookkeeping was going to be enforced by 2018.   Although this decision was postponed later, as proactive accountants, we wanted to make sure our clients were prepared, and so in January 2017 the journey began as to which package would be the best fit for the majority of our clients....