One of the most common questions I am asked as an accountant is to recommend a bank. In the aftermath of the financial crash the trouble was that I never heard anything good about any of them.
In fact mostly what I heard was stories of customer service so poor it was almost laughable. I remember […]Continue reading ›
We estimate that here at Crunchers we point around half of the people who come to us looking for an accountant in the direction of another accountant. I sometimes think we should ask for a commission. But more importantly we believe that is a really important part of making our business work.
First off, I need […]Continue reading ›
This month we turn our attention to Making Tax Digital and attempt to answer your questions.
What is Making Tax Digital?
HMRC is setting out to make the UK the most technologically advanced tax system in the world. Making Tax Digital (MTD) is their project to make this switch to digital cloud based tax filing.
Will it affect […]
Xerocon is Xero’s Annual Conference which came to London’s ExCeL in November. If anything qualifies to be described as sexy in the accountant’s calendar this must be it. The production values are top of the range, the vibe is rock concert, the tech is genuinely cutting edge.
Keeping up with Xero’s development team can leave one […]Continue reading ›
With a freshly minted budget presented by the Chancellor today, we look at the highlights for small business owners:
Corporation Tax – Corporation Tax remains at 19% with a reduction to 17% pencilled for 2020.
VAT – there was speculation that the VAT registration threshold would be slashed, requiring many more small businesses to register. In […]Continue reading ›
It is possible to transform a business with a flash of inspiration, but this article pays homage to another way that maybe less glamorous but is often more powerful and ultimately more sustainable.
It is the philosophy that cycle supremo David Brailsford used to make British cycling the force it now is, namely focusing on tiny […]Continue reading ›
As you read, developers across the globe are coding away to fulfil the integrated vision that business cloud services promises. And don’t get me wrong, we are big fans of the revolution and the streamlining benefits are manifest but in some areas, if you aren’t careful integration can lead to more work not less.
One such […]Continue reading ›
Since reading Gino Wickman’s excellent book, Traction, on business development, we have been mindful of the importance and power of meetings, especially meetings where we as business owners are held accountable and particularly where we are held accountable for our job of building our business.
In fact Traction recommends a weekly ‘Pulse Meeting’ to keep us […]Continue reading ›
With the new Tax Year almost upon us we review the changes to tax from 5th April 2018.
Minimum Wage Increases
Minimum wage increases from April 2018. For employees over 25 the increase is from £7.50 to £7.83 per hour. Other ages and categories of employees’ rates can be found here: http://www.minimum-wage.co.uk/
Deducting Mortgage Interest for Property Income
From April […]Continue reading ›
One of the privileges of being an accountant is to see into many different people’s businesses. After a while you start to see the patterns.
Something that becomes clear quite quickly is that whilst most people are getting by not many are really making a profit. And when you start to look why you can’t help […]Continue reading ›