Licensed and Regulated: Accountants Held Accountable

Did you know that accounting is not a regulated profession in the UK? Anyone can call themselves a bookkeeper, payroll professional, or accountant without having any experience or training. The accounting industry calls these accountants “unregulated”. While not all unregulated accountants are poor quality, there are benefits to having an accountant regulated by a professional body. Accountability Edinburgh is licensed by AAT – find out what that means for you!

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Becky Dwyer
Is Postponed VAT Accounting For You?

If you’re a VAT-registered business that imports things from outside the UK, you may find that you’re now dealing with a much higher volume of Import VAT due to Brexit. If so, you may find the Postponed Import VAT scheme of use to you.


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Becky Dwyer
March 2021 Budget

After the Chancellor’s budget speech yesterday (Wednesday 3 March), there are a couple of areas I wanted to highlight.

CJRS / Furlough Scheme

As you will no doubt have heard, the scheme has now been extended until 30th September 2021.

There are two areas which were not quite so widely reported, which are:

  1. Tapered Grant level

  2. Extended Eligibility criteria

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Rosie Berridge
Why do you need forecasting?

We live in times of uncertainty that have a direct impact on our day-to-day lives and the way our business' function. It's crucial to take action and have as much control of the situation as possible to help your business. One useful tool to gain control of the present and plan ahead (to minimise the risk of failure) is forecasting. Forecasting is a tool to help your business move forwards towards success.

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Maria Semper
A win-win solution to employee reward

There’s no denying 2020 was a tough year for all business owners. And that looks set to continue, at least in the short term. We’re sure, like us, your employees’ dedication, hard work and flexibility has been essential. We also understand that you may not be able to reward your employees for all their efforts. One solution that could benefit you and your employees, is offering salary sacrifice pensions.

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Why every business should have a business tax account

What is a business tax account?

A business tax account is an online account with HMRC which gives you access to see your current position for all the taxes for which you are registered.

If you’re a limited company – then the business should have a tax account and you should be able to see VAT, PAYE and Corporation Tax.

If you are a sole trader or partnership, you should be able to view Self Assessment, VAT and PAYE.

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Rosie Berridge
Is your business wrestling with redundancy?

Ergo Law is a specialist employment law firm helping employers navigate the rules around redundancy. Experienced at advising on the legalities and procedure concerning redundancies, Ergo Law’s solicitors apply a knowledgeable but compassionate approach to difficult business decisions. Ergo Law’s director Emma Reid answers three common questions asked by employers considering making redundancies for the first time.

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Free Xero training anyone?!

We’re Xero Silver Partners - and pretty good at all things Xero - though we say it ourselves!

The problem we’ve been finding

is that business owners are taking on Xero subscriptions with no real idea of how to use it - or how to use it well.In recent months, we have spent more and more time sorting out Xero for new clients who have had it recommended to them, with no practical support to getting it set up correctly. Added to that, many business owner operators don’t know all the amazing things Xero COULD be doing for them.

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What is a receipt?

It’s not a trick question!

And it’s not really about the difference between a receipt and an invoice (although we have lots to say about that too!)

If you’re in business and you have encountered a bookkeeper or accountant, chances are, you’ve been asked for the paperwork.

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Rosie Berridge