Tax gap refers to the difference between the amount HMRC expects to collect and the amount received ...

As a business owner, navigating the complex world of taxes can be a really daunting task ...

I recently had a breakfast conversation about a common, frustrating phenomenon called decision fatigue ...

In 1997, the showrooms closed and I moved to the business call centre where the first dial-up disks were emerging ...

The latest Business Confidence Monitor by the ICAEW has revealed a significant surge in business confidence across the UK ...

You may have recently received an email from Xero announcing the retirement of their classic invoicing feature ...

The COVID-19 pandemic had a devastating impact on businesses around the world, and the UK was no exception ...

A rather depressing statistic is that about 70% of change initiatives fail. The reasons are complex ...

The first thing to consider when employing young people is their age. The legal working age in the UK is 16 ...

Supercomputers have been around since the 50s and have assisted in historic moments such as sending man to the moon ...

Wouldn't a bookkeeper make your life a whole lot easier? Having a clear picture of your finances at any given time is a must ...

Discrimination in the workplace is a serious issue that can have damaging effects on both employees and employers ...

The issue of in-work sickness has been a long-standing concern for both employers and employees ...

It has been widely reported that new chancellor Rachel Reeves will be looking at taxation to manage public debt ...

As you can imagine, I go to a lot of networking events and I rarely go to one where there isn't at least one accountant ...

As a business, there is a 99% chance that the phones you have are PSTN/ISDN based on Openreach's legacy copper network ...

Sage has just released their latest version with some good updates in my opinion, including a second company ...

With a comfortable victory in the election, The Labour Government have a clear mandate to implement their policies ...

As the world of finance and accounting continues to evolve, so do the rules and regulations that govern it ...

As a UK taxpayer, you may be aware of the potential changes to Capital Gains Tax rates that have been making headlines ...

Often when I meet people and get talking about networking they will tell me a story about the networking group they joined ...

As I said in my last blog post, I have been an avid technology fan since my school days, but sometimes it may go too far ...

Starting a new payroll for your business? You will need certain information to get everything sorted with HMRC ...

As you walk down any street in the UK, you can't help but notice the buzz around the general election ...

Dormant companies are common in the UK business landscape, with the number of dormant companies on the rise ...

It's a fundamental networking skill to know whether you should appeal to a wide range of clients, or focus in ...

If you claimed child benefits between 1978 and 2000, you may have been underpaid your state pension ...

There are lots of use cases to show the benefits of using Artificial Intelligence (AI) to perform mundane and repetitive tasks ...

If you're a bookkeeper, chances are you're familiar with Xero's classic invoicing solution. But it's being retired soon ...

Inflation is a term that is often thrown around during elections, but many may not fully understand what it means ...

The 2024 election is just around the corner, and the political rivals are already making their moves to secure your vote ...

When I undertook my basic training in the RAF nursing service, we were taken out on the parade ground to learn how to march ...

With many businesses, once your income heads above £90000 you have to register for and pay VAT every quarter ...

Mobile Device Management (MDM) is a platform where you can list and manage almost any type of mobile phone ...

As a small business owner, you know the importance of efficient and accurate bill payments to your suppliers ...

GDP is a measure of a country's economic output, and adds up the value of goods and services within its borders ...

With a hectic schedule and a long list of contacts to manage, it can be challenging to keep track of everyone ...

The summer of sport 2024 has a number of major events happening at the same time and it's going to be exciting ...

After the initial hype of starting your own consultancy, the weirdest thing can happen ...

With the rise of hybrid working, many UK professionals have found themselves at home for a large portion of their week ...

Many don't realise the impact our technology has on our carbon emissions. This is why we plant a tree for every new subscriber ...

It was inevitable that one day I would be caught out on the very thing I always preach to my clients: data backup ...

The deadline for voluntary NIC from April 2006 up to April 2017 was originally set at the 5th of April 2023 ...

If you have a problem with your computer and need help, be really careful who you call for IT support ...

The country has faced a tumultuous few years, what with Brexit, the COVID-19 pandemic and the cost of living crisis ...

Getting referrals means networking with a strategy, so your message is clear and everyone knows who you want to meet ...

With the General Election 2024 scheduled for the 4th of July, the political landscape in the UK looks likely to change ...

With so many CRM options out there, it can be overwhelming to find the right one for your specific needs ...

It's November 1990 and I am a fresh-faced salesman working in the flagship Dixons store at the Clarendon Centre in Oxford ...

Are you a UK resident who has made gains on cryptoassets? If so, you may be wondering how to report these gains ...

Changes are coming to Xero's plans and pricing, as of the 12th of September 2024, Xero will be also launching a new line-up ...

Love and finances are two areas that deeply impact our lives. Myths around them can become intertwined ...

You are responsible for all aspects of your business, including staying updated with advancements in your trade ...

It's a vindication that your marketing is working, yet it is a dangerous place to be and a crazy thing to say networking ...

As children reach the age of 16, they may choose to continue with further education after they've sat their GCSEs ...

Business cards are a big part of networking, but what happens after your networking event? Do you forget about them?

Let me start by saying that I love technology. I have sold consumer electronics since the early 1990s ...

One of the biggest pains in the neck when bookkeeping is to account for the payments to utility companies ...

Tax thresholds are a necessary part of the UK's tax system, but they can also create unintended consequences ...

As a financial planner, one of the most important aspects of my job is to help my clients plan for their financial future ...

The dream of running a successful business is often romanticised, but the reality is far from glamorous ...

As a micro business owner in the UK, you know the importance of staying organised and connected with your clients and partners ...

You are far more likely to get referral from people who are like you. The problem is, 75% of people aren't like you ...

Two pieces of advice from ex-managers of mine this week after reading a blog post about networking skills by Adam Grant ...

Employment-Related Securities (ERS) are a type of financial instrument that can have an impact on your limited company ...

I have been reading with interest that it has been the turn of the mighty MGM Group to fall victim to hackers ...

AI refers to the development of computer systems that can perform repetitive tasks that require human intelligence ...

A question I often see asked in bookkeeping groups and forums is where can I find customers or gain experience?

E-commerce, social media, and other digital platforms mean our personal details are shared and stored online ...

As we gear up for a potential change in government, investors are thinking about the impact of a Labour victory ...

When it comes to wealth management, tax efficiency is a key factor that should not be overlooked ...

As a UK networker, you know the importance of building and maintaining relationships with fellow business owners ...

HMRC's new data sharing initiative has been met with mixed reactions from online sellers ...

The final words from my last blog post led me to determine a business network's commonest point of failure ...

From chatbots to content creation, AI writing has proven to be a valuable tool to help you up your marketing game ...

If you have a new business it can be confusing to know what limited company expenses you are permitted to claim ...

Inheritance tax is imposed on the estate of a deceased person before it is distributed to their beneficiaries ...

Debt is a common and often a taboo topic that many people struggle to talk about ...

Last year was a notable one for the country, as it saw a record number of small business startups ...

One of the most precious commodities we have always seems to run out when we need it most. I'm talking about time ...

If you are a crypto investor in the UK, you need to be aware of the tax implications of your investments ...

At YourPCM, we understand the importance of protecting your data, and that is why we have made it our top priority ...

The Colonial pipeline was recently subject to a ransomware attack by the Russian hacker group Darkside ...

You may have already done the difficult part of starting your own bookkeeping business; you've found clients ...

The 2023 Autumn Statement announced changes to the voluntary class 2 NIC payments made by the self-employed ...

I firmly believe that everyone, regardless of their background, deserves access to straightforward financial advice ...

The battle began in 2022 when HMRC demanded that the marshmallow company pay £472,928 in VAT ...

Over the last couple of weeks I have been asked by several people for some help in reviewing their marketing ...

Self-assessment tax returns are a way for individuals in the UK to report their income and pay the right amount of tax ...

I believe that 'people buy from people', yet we seem to be in a world where people are pressured into buying technology ...

The use of AI in architecture is not a new concept with early attempts to automate design in the 1960s ...

Bookkeeping and accounting are two essential aspects of running any business. Do you know which one you need?

Companies House has been a crucial part of the country's business landscape for over 150 years ...

You may have already taken the necessary steps to protect your loved ones by purchasing various insurance policies ...

HMRC is responsible for collecting taxes and enforcing tax laws so it's important to know how to communicate with them ...

You know every opportunity counts. Yet with the constant demands of running your business, it can be challenging to keep up ...

If you are one of the many people in the UK who are working from home, you may wonder about tax on commuting ...

Networking snobbery is a bad thing for any networker. I wonder why people join a group if they think no one can help them ...

In 1990, I was selling a different kind of technology and life was very much simpler for all of us ...

The concept of artificial intelligence has always been a source of fascination for humans and Sci-Fi is the perfect genre to explore it ...

Stress is common in the workplace so employers should create a culture that promotes mental and physical wellbeing ...

As someone living in the UK, you are very fortunate to have access to a wide variety of investment options ...

It is essential for government services to be easily accessible and user-friendly to everyone ...

As a retiree, you may have noticed that your state pension has increased to £11,502. This may seem like good news ...

I was having a conversation about a member of our network group who constantly lets us down ...

And all of a sudden, we had Blackberry dominating the Global market. Their handsets are no longer with us ...

Artificial Intelligence is a branch of computer science that focuses on creating machines that think and act like humans ...

The High Income Child Benefit Charge was introduced to limit support for high income families through child benefit ...

Retirement is a time to relax, travel, and enjoy the fruits of your labour. But without proper planning, it can be challenging ...

The calendar flips to a new tax year and taxpayers across the country face several changes and challenges ...

As a business owner, you know that finding new leads and opportunities is crucial for the growth of your business ...

An essential part of giving and receiving referrals is building enough trust between you and those you network with ...

Accountants are noticing an increasing number of enquiries from HMRC about the amounts spent on entertaining staff ...

Solar storms are powerful eruptions of energy from the Sun that can have severe impacts on Earth's technology and infrastructure ...

As a business owner, you are likely aware of the increasing importance of Anti Money Laundering (AML) compliance ...

As a taxpayer, you may have gleefully received a letter from HMRC notifying you about a tax repayment ...

The use of deepfake technology has been on the rise in recent years, and the UK General Election is the latest target ...

Why does the tax year begin on the 6th of April, rather than the more logical 1st of January? Many people wonder ...

Financial education is learning about financial concepts and strategies that can help you make informed decisions ...

I meet a lot of people transitioning from employment to their own business. Many are selling their expertise ...