Tax Glitches

8 Methods to Overcome Tax...

8 Methods to Overcome Tax Glitches while Preparing Taxes Are you sick and tired of errors while preparing for tax? Whether it is self-assessment or corporate tax preparation, there is always a chance of a 0.1% error margin,…

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Yearend Essentials

10 Essential Things Every Small...

10 Essential Things Every Small Business Owner Should do Before End of the Year Have you noticed how it’s already Q2 and, most small business owners are deeply immersed in prepping for Q4? Despite the invisible enemy (Covid-19),…

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Accounting Software

The Future Scope of Accounting...

The Future Scope of Accounting Software for Small Enterprises Both large and small businesses stand to benefit from the use of accounting software as it precisely captures every transaction. Well-designed accounting software automatically generates income statements, profit and…

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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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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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