Online Accountants

  R&D Tax Relief R&D is a Corporation Tax (CT) tax relief that may reduce your company’s tax bill if your company is liable for CT or, in some circumstances, you may receive a payable tax credit. This guidance is designed to help you make a claim for tax relief if you are an SME. The Research and Development Expenditure Credit scheme was introduced in the Finance Act 2013 — it enables companies with no CT liability to benefit through a cash payment or a reduction of tax or other duties due. From 1 April 2015, the relief a company can get has increased to 230% on their qualifying R&D costs. Loss-making companies can in certain circumstances surrender their losses in return for a payable tax credit. Sign up to eAccounts today and we can review your R&D expenditure for a possible Tax refund. https://www.e-accounts.co.uk/2019/06/05/rd-are-you-due-a-tax-credit/

  Bookkeeping is an essential part of accounting. It involves recording and classifying a business’s financial transactions in a usable form for reporting and analysis. Bookkeeping is the foundation of accounting, and it is essential to ensure that all bookkeeping information is accurate, complete, and up-to-date. What is Bookkeeping Bookkeeping is recording a company’s financial transactions into organised accounts daily. It includes recording all sales, purchases, receipts, and payments made by the business. Bookkeeping is used to track the company’s finances and can include a variety of recording methods. It is an essential part of the accounting process, providing the data needed for more detailed analysis and reporting of the business’s financial operations. Benefits of Bookkeeping The following are the Benefits of Bookkeeping: Detailed Recording:  Bookkeeping help you to maintain detailed records. It enables you to get an accurate and comprehensive understanding of your business’

  No matter if you are running a business of millions with lots of employees, managing timely financial records is always critical for any business, though it is not a legal requirement. It becomes rather manageable when you are the boss of a coming-out party limited company. It is acceptable that limited company accountants are the strategic leader of your business. They help you with bookkeeping and set up payroll as per RTI guidelines. Likewise, they handle HMRC and offer tax planning advice. Mostly, they help you to manage accounts more effortlessly than ever before. Why Do You Need A Limited Company Accountant For Your Business? To be honest, acquiring a  limited company accountants  would help owners to scale their business and let them spend their time on company’s growth. Beyond that, you do not have to spend hours looking upon spreadsheets and organising paperwork. Plus, limited company accountants avoid you paying extra fines, purchasing accounting software and training. The