Recent Posts by Lorraine

A Modern Accountancy Practice

The shape of the accountancy profession is changing.  Technology has driven changes in the way in which we work.  No longer is a business run from a static desk from 9 to 5.   People and organisations now have access to solutions that enable working flexibly and on the go - information is just a keystroke…
Read more

Cloud Accounting Software – Stay Connected

What is Cloud accounting? Cloud computing accounting software is hosted on the provider's remote servers with users accessing the software remotely through the Internet. This contrasts with traditional software which is installed directly on to a user’s desktop. All application functions (updates, processing, backups) are performed by the provider on their servers. Advantages of Cloud…
Read more

Limited Company vs Sole Trader?

Choosing a Business Structure When starting a new business there are a multitude of decisions to be made. The best way to work through these is to use a good business plan template – see for examples. One critical decision is determining the business structure – will you operate as a sole trader or set…
Read more

Do I need to file a self-assessment tax return?

If you answer yes to any of the following questions, you will need to file a self-assessment tax return each year: Are you a company director? [1] Are you a self-employed sole trader? Are you a partner in a business partnership? Do you receive child benefit payments and you or your partner receive net income over…
Read more

Recent Comments by Lorraine

No comments by Lorraine yet.