What to do when your clients cease trading

What to do when your clients cease trading

A client had some extraordinary bad luck recently when two of his customers in the construction industry abruptly ceased trading owing almost £50k to our client. The situation was worsened by the fact that the goods had been delivered and invoiced but there was little...
The A-Z of Accounting

The A-Z of Accounting

Accounting has a lot of phrases that we accountants use regularly but may just sound like jargon to you. So, we’ve chosen 26 words or phrases that we use and explain them in laymen’s terms. A = Asset. An asset is something owned by a company that has future economic...
Tax affairs! Are yours in order?

Tax affairs! Are yours in order?

Keeping your tax affairs in order is essential. It may sound obvious and it may sometimes feel a little painful having to pay the taxman, but not doing so can lead to you facing consequences beyond any penalties you may incur. For example, last week the director of a...
Why it makes sense to sort self assessment now!

Why it makes sense to sort self assessment now!

That’s it! The end of another tax year for those who are self employed. So what is your plan? Will you now sit back and wait until the online filing and payment deadline of 31st January 2020? It may seem like there’s no great rush, but there’s always an issue if you...

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