Accounting Skills for Entrepreneurs

Why are Accounting skills Indispensable...

Why are Accounting skills Indispensable for Entrepreneurs? Today, ask any business owner how they made it happen; they may have different stories to tell. Yet, it all comes down to a firm grasp of the accounting fundamentals. Any…

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Recovery Loan Scheme

The Recovery Loan Scheme Explained

It’s been a tough time financially for many UK businesses over the past year. So, as we gradually begin to ease out of the pandemic, there’s likely to be an increasing need for extra funding to your business…

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Moving from Sage to Xero

Moving from Sage to Xero

Moving from Sage to Xero Moving accounting systems can be cumbersome; you have all your financial records in their original form and now you need to shift. Therefore, learning something new takes time. Sage is good. So why…

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Benefits of Digital Tax

Benefits of Digital Tax

Benefits of Making Tax Digital  The bold move by the UK government of Making Tax Digital has impacted both business owners and accountants. Just what is making tax digital? What are the benefits? Digital tax is the HMRC…

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Tax & NIC

Tax on gifts to employees...

Can directors and employees receive gifts from the company tax free?   Giving gifts to your employees can be a great way to increase engagement and raise the overall morale of your team. But how much can you…

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VAT Deferral Scheme

The VAT Deferral Scheme

VAT Deferral Scheme Have you joined the new VAT payment deferral scheme? Following a recent announcement by HMRC, it is no longer business as usual. It instigates that millions of taxpayers who deferred VAT payments in 2020 can…

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Accountant

How to Choose the Right...

How to Choose the Right Small Business Accountant Once you have decided it’s time to hire an accountant, the next question is who? Let along how! For any small business, choosing the right accountant is critical. In the…

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Debtors & Creditors

Everything you need to know...

Everything you need to know about Creditors and Debtors As much as two terms may seem simple and easy to remember, understanding the debtors and creditors concept is a quandary. Ernest & Co Accountants is here to help…

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Business After Brexit

Business after Brexit

Business after Brexit For the last couple of years, there was uncertainty over the Brexit deal. Well, the confusion is now over as it is here with us. What now? Is it business as usual? Small to medium-sized…

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Tax & NIC

Tax and NIC Thresholds for...

Tax and NIC Thresholds for 2021 As a business owner, I’m sure you have been eagerly waiting for the HMRC news on the 2021/22 thresholds for income tax, statutory payments and national insurance contributions (NIC). They are among…

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