Business and accounting tips from HRBS Accountants

Online accounting systems

HRBS.biz guide to online accounting and book-keeping

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.

Flat rate VAT scheme

The HRBS.biz guide to the UK Flat Rate VAT Scheme
Is the VAT flat rate scheme right for you?
Whether or not the VAT flat rate scheme is beneficial for you would depend upon the administration costs saving due to its simplicity weighed against the fact that in most circumstances, input VAT cannot be reclaimed.

Tax deductible expenses

The HRBS.biz guide to tax deductible expenditure There is a great deal of confusion as to what you can and what you can’t deduct from your profit for tax purposes.

This tip gives a brief list of the types of expenditure you can claim, some of which you may already be deducting, some may be new to you and applicable to your business.

Thinking of starting a business?

The HRBS.biz guide to setting up your own 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.

Save Tax and National Insurance with your limited company

The HRBS.biz guide to saving tax and national insurance by trading through a limited company
It is possible to reduce your (UK) personal tax and national insurance by running your business via a limited company. The amount you can save will depend upon several factors:

The company’s profitability
Your personal circumstances
The amount of funds you need to withdraw from the business

Flat Rate VAT For Affiliate Marketing

flat_rate_vat_scheme_for_affiliate_marketing Flat Rate VAT For Affiliate Marketing
Using the UK flat rate VAT scheme is quite often beneficial for affiliate marketeers. Many in the affiliate marketing sector have low overheads and in particular small amounts of input tax (VAT charged on purchases).

Under the flat rate scheme, input tax is not reclaimable and the VAT paid to HMCE is calculated as a percentage of gross sales. Gross sales are net sales + the VAT charged to the networks.

Welcome to tips.hrbs.biz

Keith Silman, Managing Director of Yorkshire fixed fee accountants and small business specialists High Royd Business Services Limited

Hello. My name is Keith Silman. I am MD of HRBS Limited, a firm of pro-active, fixed fee accountants based in South Yorkshire.

Thank you for taking the time to visit our free hints and tips resource here at tips.hrbs.biz . It has been specially written to provide jargon-free help and support to all of you either in business or currently thinking about making the first step into self-employment.

All of the tips are provided free of charge and without any obligation to become a client. You will notice a few advertisements and external links on the site, particularly in the tax-deductible expenses article. They have been specially researched to give you offers, discounts and other ways of reducing your costs that you may not already be aware of.

HRBS are small business specialists.

We provide a high quality, pro-active service at a reasonable fixed fee to individuals and businesses all over UK.

Our philosophy is simple ... we support new and developing businesses, helping them to adopt suitable accounting systems and controls so that they know how their business is performing.

Quickbooks and Microsoft Accounting

We are Authorised Professional Advisors for Quickbooks and Microsoft Office Accounting, providing training and support for their software packages.

Microsoft Office Accounting Express is free and through our partnership with Microsoft, you can download a special HRBS customised version of Microsoft Office Accounting Express here.

We offer free online accounting software.

Our partnership with Winweb enables us to provide the Online Office software free of charge. We provide support and guidance to make it extremely easy and cost effective for you to keep your books up to date.

The more you take control of your accounting systems, the better informed you are about your business enabling you to plan for your future.

Lower fees ... better service.

Some of our clients have reduced their fees by over 30%, have more pro-active support and above all, understand more about their business than they did with their previous accountants.

If you currently use a city or town centre firm, consider how often you have face to face meetings, whether you really need your accountant to be local and, above all, whether you want to pay higher fees to subsidise their high profile offices.

Online and remote accounting and email could be good for your pocket ... and the environment.

We help you to understand your business.

Our aim is to help you to run your business more efficiently and profitably.

We hope that this website is useful to you and if you would like to suggest subjects for new articles please contact us.

To find out more about what we can offer to you and your business, feel free to visit our main site at HRBSaccountants.com, contact us by email or give me a call on 01226 379000.

If you'd like to know how much you could save by changing your accountants to HRBS, please fill in our form and attach a copy of your accounts, spreadsheet or accounts reports. You'll be pleasantly surprised.

Thank you for visiting and I look forward to working with you.