Online accounting systems
An introduction to online accounting and book-keeping.
Online accounting software, known as “Software As A Service” (SaaS) is accessible via your web browser via a secure session. Thats it! No software to install, no backups, no hardware upgrade required. Software updates, data security, backups and hardware maintenance are taken care of by the service provider.
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Thinking of starting a business?
If you are turning a hobby into a business or starting a whole new venture, here are some tips to help you get up and running without falling foul of the (UK) tax authorities.
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How to choose your accountant
Do you really need an accountant?
If your business is small and you have less than £15k turnover pa and are organised, willing to research various business guides and the HMRC website to keep up with tax, VAT, payroll, NIC legislation … then the answer is likely to be No.
If you are not organised, then either get organised or get an accountant, as at the very least they can save you the various HMRC penalties and interest that is charged for late registration, late submission of tax returns and late payments of tax.
