Bookkeeping

Almost nine in 10 UK businesses prefer card and contactless payments to cash

Almost nine in 10 UK businesses prefer card and contactless payments to cash

While our own bookkeepers in Somerset and Devon here at Britebooks are more than familiar with the advantages of embracing technological solutions in all aspects of business, it still intrigued us to read recently of the sheer extent to which firms now favour payment methods other than cash. In this particular case, it was the…

Fears over “zombie” companies as new statistics suggest sharp rise in financial distress

Fears over “zombie” companies as new statistics suggest sharp rise in financial distress

With the Government presently set to end its COVID-19 support schemes in the summer, worries are increasing over the health of many struggling businesses.  New figures – as reported by the Financial Times – indicate that the number of UK companies in significant financial distress has gone up at the quickest pace in more than…

As UK business unlocks, confidence among leaders reaches all-time high

As UK business unlocks, confidence among leaders reaches all-time high

With non-essential retailers and other businesses in England opening their doors again for the first time since January as the Government continues implementing its ‘roadmap’ out of lockdown, multiple studies have pointed to a fast economic resurgence and peak highs in business confidence. As reported by The Guardian and other outlets, small, medium and larger…

Cost of COVID-19 for UK SMEs ‘more than £126.6 billion’

Cost of COVID-19 for UK SMEs ‘more than £126.6 billion’

A sobering reminder of the heavy financial cost of the coronavirus pandemic has been issued by a leading small business insurance provider, a year on from the imposition of the UK’s first national lockdown.  Specifically, research revealed that the country’s small to medium-sized enterprises (SMEs) have so far lost an average of £15,673 in earnings…

UK small businesses ‘could enjoy £16.6 billion boost’ from embracing digital

UK small businesses ‘could enjoy £16.6 billion boost’ from embracing digital

At this time of all times, it practically goes without saying that SMEs up and down the UK will be investigating all the means by which they can ‘bounce back’ after the COVID-19 pandemic. Now, the cloud accounting platform Xero has weighed in with new research indicating that such firms could reap major benefits for…

Xero gives UK clients ‘pay later’ option, courtesy of iwocaPay

Xero gives UK clients ‘pay later’ option, courtesy of iwocaPay

A “pay later” option has been added to Xero’s cloud-based accounting software for the first time, in the form of an integration with the invoice checkout solution, iwocaPay.  It is a development that promises to bring even more convenience and choice for those making use of Xero training in Plymouth or Wellington; indeed, it is…

Government will largely avoid imposing penalties for first year of new IR35 arrangements

Government will largely avoid imposing penalties for first year of new IR35 arrangements

In welcome news for many businesses using Wellington and Plymouth bookkeeper and payroll services, the government has issued new guidance indicating that it will not fine employers if they initially fail to comply with upcoming changes to IR35 rules – as long as there is no evidence of deliberate wrongdoing.  The off-payroll working rules, also…

Increasing concern about UK business debt as March Budget looms

Increasing concern about UK business debt as March Budget looms

The British economy looks set for a protracted recovery from the coronavirus pandemic, as figures reported by The Guardian raise fears about the escalating debts burdening UK businesses. The newspaper said that new statistics showed British firms had taken on debt at more than twice the normal average growth rate since the onset of the…

Receipt Bank: The Go-to App for Effortless Bookkeeping

Receipt Bank: The Go-to App for Effortless Bookkeeping

Save Time and Money Managing Your Expenses With Receipt Bank Irrespective of whether you’re a big or small SME, already established or are just starting out, managing your costs and accurately tracking expenses is fundamental to your path of business growth and success. You can go about this in one of two ways – either…