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…
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…
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…
Benefits of doing Financial Due...
Benefits of doing Financial Due Diligence Whether it is bidding, staffing or procurement, it is wise to seek professional advice before making a critical business decision. As a small business owner, failure to carry out reasonable due diligence…
How Covid-19 Will Further the...
How Covid-19 Will Further the Need for Efficient Accounting From startups to large businesses, no one has been spared from the inevitable wrath of Covid-19. Evidently, most businesses have had their fair share of the roller coaster economic…
Revenue Recognition and Impact on...
Are you thinking ahead? What next? Revenue recognition standards not only affect publicly traded corporations and large private companies. It could also impact small businesses, especially if they have plans to get more funding. What is Revenue Recognition?…
Payroll and Pension
In recent years, managing pensions by payroll managers has become burdensome. Majorly, it is contributed to by auto-enrolment regulations and administration challenges. UK laws illustrate that every company must enrol all legitimate employees into an amicable pension program.…
Essentials of Bookkeeping
Getting a clear picture of your business finances starts with having the essentials in place. Typically, perfect bookkeeping is a fundamental aspect of success for any business. That is why Ernest & Co Accountants will work with you…
Benefits of Outsourcing Accountancy services
The principle benefits of outsourcing your accounting to our professionals – Time saving – allows you to do business development. – Your accounts fully managed and maintained. – Consistency and reliability – Full visibility of your accounts online…
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