Automatic enrolment: April 2018 contributions increases

Article by The Pensions Regulator As you’ll no doubt already be aware, this April will see the start of increased pensions contributions for employers and their staff.  The total minimum contribution will rise from 2% to 5% and then to 8% in April next year. Increasing minimum contributions should be a straight forward task for your clients to do but

Read more

Read more

SARs – what do bookkeepers need to know?

For busy professionals with many competing priorities, due diligence may not always be at the top of the list.  However, it is a fact that serious and organised criminals target professionals within the accountancy sector to facilitate money laundering.  More than £90 billion could be laundered through the UK annually.  The Flag It Up campaign, developed by the Home Office,

Read more

Read more

Is your model broken?

Bookkeepers and accountants are two of only a small number of professions still stuck with the broken model of charging by the hour. Before you take offence at my comment, let me explain why I think the model is broken, and how we can learn from other sectors. If we go back 10 years, almost every bookkeeper and accountant was

Read more

Read more

Pitfalls of payroll

Payroll is becoming an increasingly complex process.   Unless your business has no choice as regards whether or not it should manage its payroll ‘in-house’, consideration should be given and a decision made as regards potentially outsourcing this important function. Fundamental to making such a decision is not only the increasing complexity and associated risks of getting things wrong, but the

Read more

Read more

The Payroll Administrator Apprenticeship

Whilst they have always been a route into a career or used for career changes, apprenticeships have achieved higher profile in recent months and years. History 2014 Probably, we have to look all the way back to the Government’s 2014 Autumn Statement pledge to create up to 3 million more apprentices by 2020.  At this point, it is worth mentioning

Read more

Read more

Confused.com

So the rulebook which us bookkeepers have been using for the last forever has just been ripped up and put in the bin. Well that’s what it feels like to me and I know I’m not alone! Over the last few years we have experienced an enormous change in our industry predominately led by the software companies. I think we

Read more

Read more

Further strengthening of the UK Anti-Money Laundering Regime

Over the summer, we ran a specific communications campaign with all UK members about the statutory requirement to be supervised under the Money Laundering Regulations. This requirement applies to all those who are ‘in Practice’, that is when providing bookkeeping and accounting services (i.e. other than as an employed person or on an unpaid/voluntary basis). As a part of this,

Read more

Read more

Top tips for starting or growing a business

The IAB carried out interviews with four small business owners to hear their advice for setting up and growing a business.  To coincide with Small Business Advice week, we are sharing these tips with you. Do what you love and love what you do: These tips are focused around being passionate about what you do to help spread the word about your business. 1. Do

Read more

Read more

Piecing together the perfect finance package (for your expansion)

I’m expanding my business but I’m not sure what sort of funding I need? I’m guessing that you need help funding different elements of your business expansion?  In which case, it’s probably best to split the borrowing up into different agreements and match the terms to your needs. You’re right, but why would I want more than one liability? Do

Read more

Read more