Britebooks News

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…

Budget 2021: Updates

Budget 2021: Updates

This week, the Chancellor delivered the government’s Budget for 2021. Mr Sunak announced extensions to a number of the current COVID-19 schemes, as well as additional support for individuals and businesses. Below is a breakdown of some of the key measures for employers. To get the full details on all of Budget 2021 measures announced…

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…

Payroll Tax Changes for Contractors Finally Set To Take Effect From April

Payroll Tax Changes for Contractors Finally Set To Take Effect From April

After a delay to the originally intended start date of April 2020 in the wake of the coronavirus crisis, changes to off-payroll working rules (IR35) will finally come into force from April 2021.  The new rules, now re-launched by the British government, will force some freelance workers onto companies’ books. This is because of the…

Quickbooks vs Xero: Which Is Best for Your Firm’s Cloud Bookkeeping?

Quickbooks vs Xero: Which Is Best for Your Firm’s Cloud Bookkeeping?

At Britebooks, we’re great believers in equipping small businesses with up-to-the-minute cloud accounting tools that help them to take the time, stress and hassle out of bookkeeping.  Any prolonged conversation about digital bookkeeping, though, tends to swiftly move onto the subject of the ‘big two’ in cloud-based accounting solutions: QuickBooks and Xero.  We’re certified advisors…

Make 2021 The Year Your Business Embraces Digital Bookkeeping

Make 2021 The Year Your Business Embraces Digital Bookkeeping

If it feels like you heard a lot about “the cloud” in 2020, there are probably some very good reasons for that. After all, the circumstances the last 12 months presented to us have been, to say the least, some of the most disruptive many of us have known in our lifetimes.  Just one clear…

£9,000 Top Up Grant For Retail, Hospitality And Leisure Businesses

£9,000 Top Up Grant For Retail, Hospitality And Leisure Businesses

Chancellor Rishi Sunak has announced a £4.6 billion programme of new lockdown grants to support businesses and protect jobs through the next phase of the pandemic. To summarise what we know currently, businesses in retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000 to help keep them afloat until…

Additional Restrictions Grant Update: Further Financial Support Available for Plymouth Businesses

Additional Restrictions Grant Update: Further Financial Support Available for Plymouth Businesses

Plymouth City Council has been allocated £5.2 million through the Government’s Additional Restrictions Grant (ARG) to support local businesses that have been most impacted by the current national coronavirus restrictions – in particular retail, leisure and hospitality businesses and their supply chain. The Council has also identified types of businesses that it will prioritise for…

Self Assessment Customers Warned About Scammers Posing as HMRC

Self Assessment Customers Warned About Scammers Posing as HMRC

HMRC is warning self assessment taxpayers completing their returns to take care to avoid being caught out by scammers. As the department issues thousands of SMS messages and emails as part of its annual Self Assessment tax return push, customers have been told to be alert of the danger of scammers posing as the tax…