What can a theme park teach us about bookkeeping?

Sometimes the best inspiration comes from somewhere totally different from our profession.  By looking at what other sectors do well, we can take their ideas and adapt them to suit our business. I’ve recently been on a tour of UK theme parks with my family for our summer holidays.  One of the businesses I’ve been noticing recently that can teach

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How to get great results from your bookkeeping business: delivery

Once upon a dim and distant past, the main job of the bookkeeper was to move a pile of paper from the left-hand side of the keyboard to the right-hand side of the keyboard  (or, even further back, the big red book), capturing the important details of each piece. And then to file the paperwork in a way that it

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Reasons to choose an IAB qualified bookkeeper for your business

The IAB has led the UK and international bookkeeping profession for more than 40 years, raising the professionalism of its members through regulated qualifications, and aiming to ensure those starting or running a small business have access to the financial skills that are critical for success. IAB members are professionally qualified bookkeepers and frequently updated on changes in legislation or

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Anti-Money Laundering (AML) – A refresher

What is money laundering? At its simplest, it’s “doing stuff” in relation to proceeds of crime. Criminal activity creates criminal property and doing anything connected to this criminal property is likely to be money laundering. Criminal property doesn’t just mean physical property, it could also be, for example, the reduction in a liability. The UK has an all crimes approach

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Increases in minimum pension contributions – April 2019

Research published recently by The Pensions Regulator (TPR) shows that the vast majority of staff are continuing to save more into their pension following the increases in pensions contributions in April last year. The on-going duties survey of employers showed less than 2% of staff in medium, small and micro businesses asked to leave their workplace pension as a result

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10 million are in but there is still more to do

Reaching the incredible milestone of 10 million people newly saving or saving more into a pension is like reaching the summit of a mountain.  Ten million people – equal to the population of Sweden – are now taking the right steps towards being comfortable in retirement. Working with government, we have changed the savings culture. Automatic enrolment is now business

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The top reasons to be a bookkeeper

Qualified, professional bookkeepers have a vital role to play in the health of the country’s small businesses.  A bookkeeper will often be the first to spot signs that a company is heading into difficulties by flagging up late paying creditors and cash flow issues. As members of the IAB, they will be up to date with legislation changes which they

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The Word from Sarah: Thinking of setting up a new business in 2019?

So if taking the plunge and actually setting up your bookkeeping business is on your to do list this year then here are some tips to consider when getting started. Become a supervised Bookkeeper One of the fastest ways to gain credibility with potential clients is to prove you have the credentials to do the bookkeeping work. Once you are

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Top 10 study tips

Studying for an exam can at times prove stressful and challenging.  However, by putting in the hard work and dedicating time to preparing for your exams, you can soon be on the way to achieving high grades.  Try some of our top tips below to help with your studying. Allow plenty of time It’s a good idea to make sure

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