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Businesses need to maintain positive cash flow if they wish to grow. That’s because when the cash flow rivers runs dry, organisations can struggle with meeting payroll, paying bills and acquiring materials, supplies and other inventory. Though all small business owners understand the importance of cash flow management, 64 percent of them still struggle with […]
Are you worried about the impending Making Tax Digital? It is now even easier to move your accounting records onto a MTD compliant software. Xero have teamed up with move my books and with the help of Mayz Accountancy we can moved your accounting records onto a MTD Compliant software for you. If you currently […]
After years of uncertainty surrounding the future of IR35 in the private sector, the wait is finally over. In the Budget, The Chancellor announced that much debated and feared IR35 reform will be extended to the private sector in April 2020. In making medium and large organisations responsible and in-turn liable for setting IR35 status, […]
You may have heard of Making Tax Digital (MTD). Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. We anticipate that HMRC will be sending out letters to all the affected companies in November 2018. Due to our practice using the […]
Here are 8 things you can do It would be nice if you could send an invoice, then sit back and watch the money roll in. But half of all invoices are paid late. And some aren’t paid at all. So how do you handle outstanding invoices? How to collect money Some people – like […]
If you are in the trade or construction industries, you’ll know how busy your days can be. You can become bogged down with paperwork, find it impossible to fit it into your workday. So to compensate you burn the midnight oil, or give up your weekends to ensure staff and invoices are paid on time. […]