by Outsourced ACC Ltd | Nov 11, 2020 | Blog, Business Centre |
All you need to know about the CJRS Extension CJRS also known as the furlough scheme was extended to 31st March 2021 for all parts of the UK. From 01st November 2020 the UK Government will pay 80% of employee’s usual wages for the hours not worked up to £ 2500.00 per...
by Outsourced ACC Ltd | Oct 28, 2020 | Blog, Business Centre |
Some business owners will want to delay registering for VAT until absolutely necessary, whereas other business owners will want to register for VAT sooner, (especially if they make a lot of vatable purchases or they tend to deal with larger VAT registered firms). You...
by Outsourced ACC Ltd | Oct 5, 2020 | Blog, Business Centre |
So, you have been put on the bench at home for a good few weeks and you have now had the call saying that your office would like you to return to work. How do you feel? What is going through your mind? At a time of extreme uncertainty, one of the few things that are...
by Outsourced ACC Ltd | Sep 23, 2020 | Blog, Business Centre |
The finance function and the role of the accountant Over the past decade the role of the finance function, and hence the role of the accountant, has changed. Traditionally, the accountant and finance function focused on three key roles: Collecting money from customers...
by Outsourced ACC Ltd | Sep 16, 2020 | Blog |
On 12th December 2019, the Prime Minister of the United Kingdom won a majority in the General Election and vowed to ‘get Brexit done’ by 31st January 2020. It was a time when it seemed nothing could override the prominence of this promise, as the British public wanted...
by Outsourced ACC Ltd | Sep 8, 2020 | Blog |
Unlike previously You will no longer be able to defer payment of Capital Gains Tax via your Self-Assessment return, and any tax owed must be paid within the 30-day reporting and payment period. HMRC have launched a new online service to allow you to report and pay any...
by Outsourced ACC Ltd | Sep 2, 2020 | Blog |
Cash Flow vs Profit – What’s More Important? Cash flow and profit are both important financial systems in business, and it is not uncommon to occasionally confuse the two terms. But cash flow and profit are not the same thing and it is critical to understand the...
by Outsourced ACC Ltd | Aug 26, 2020 | Blog |
Automation of Accounting Function As in most functions within the business streamlining and automating the accounting, the function has been a hot topic in recent years. Most companies and top management consider accounting function nonvalue adding and it is the...
by Outsourced ACC Ltd | Aug 17, 2020 | Blog |
What is the charge? High Income Child Benefit Charge (HICBC) was introduced in 2013 and affects around 1.1 million families. The charge applies to taxpayers who have an adjusted net income over £50,000 in a tax year, where either themselves or their partner are in...
by Outsourced ACC Ltd | Aug 6, 2020 | Blog |
What is an autodidact? An autodidact comes from the Greek autodidaktos, meaning self-taught. Auto meaning self/same and didaktos meaning taught/learning. Autodidacticism therefore means ‘self-education’. This is the process of willingly immersing yourself in a body of...
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