Reasons to draw on the services of Yorkshire Accountancy

Keeping on top of all of your company’s financial paperwork can prove a tricky endeavour – especially when, ideally, you would like to spend as much time as possible on other matters to ensure that your business can thrive the best that it can. This is why hiring an online accountant can prove a very[...] Read more »

Simplifying the complexities of tax returns and self-assessment

Whether you’re a self-employed individual, a sole trader, a partnership or a limited company, you will need to inform HMRC of your income from these ventures. Penalties and charges are numerous for failing to stick to the guidelines set out by HMRC, so it’s advisable to attend to these requirements at all times. When you[...] Read more »

HMRC’s ‘Business Records Checks’

Make sure you are operating within the law With HMRC embarking upon crackdowns on poor record keeping, it is essential to maintain your accounts to the optimum level to avoid fines and similar discipline from the authorities. When you set up a business, your primary aim is to focus on the principle aims of that[...] Read more »

Steps to a more efficient payroll

Anyone who has set up in business for themselves and acquired their first employee will know all about the complications inherent in dealing with the payroll. When you first start up in business, it’s likely that you’ll be throwing yourself into anything and everything, from the payroll to the actual work for which your clients[...] Read more »

Directors’ Benefits: All about mobile phone freebies and taxes

Are you worried about that freebies are tax free or not? Well, this is a question in minds of many people. The funniest part is that while using companies’ phone or enjoying the incentives people are thinking about only one thing and that is about paying taxes. Let’s start with the basic, it is very[...] Read more »

The basics of small business accountancy

Here at Yorkshire Accountancy, we specialise in providing an extensive range of high-level accountancy, tax and payroll services, from year end accounts and personal tax to business plans and VAT returns, in which you can have the ultimate confidence. Such services make it possible for you to concentrate on what you do best: generating revenue[...] Read more »

A Quick Guide to Corporation Tax

Corporation tax is normally paid by companies that are legally incorporated as limited companies.    Unincorporated organisations such as clubs and societies will also be liable for payment of corporation tax if they have a taxable income. Corporation tax is essentially a tax on the profits that your company makes in each financial year. Registering a[...] Read more »

Social Networking at Office ! Not a Good Idea !

The growing popularity of Twitter is serving as an addiction among people as around 95 millions tweets are posted on Twitter every day. The nature of the posts varies including several useful or worst secrets about people and businesses. However, during office hours, people using this platform might end up in posting several important secrets[...] Read more »

Claiming for Unfair Dismissal ! Know when the Right Time is !

When a notice of dismissal is received by an employee, it is generally considered that the time of dismissal has started immediately. However, the Employment Appeal Tribunal (EAT) has another say on this issue in its latest ruling point. Often, the enforceable statutory right of an employee is determined by the time of his notice[...] Read more »

Bad debt collection tips for small businesses

Nothing satisfies an accountant more than to see positive and strong cashflow combined with minimal bad debts. Running an efficient business is demanding but none more so than in the bookkeeping and collection of debts owed. Poor payers usually use one of four standard responses: I already paid, I cannot afford to pay, I will[...] Read more »