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eCommerce Accountants for online businesses

April 2021

Findings from a 2021 report from Retail Economics and Natwest reveal that since the beginning of lockdown, 46% of consumers in the UK have purchased a product online which they had previously only ever purchased in store. More demand equals more business, and as a result, individuals and businesses alike have sought opportunity in setting […]

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Could you be overpaying on CIS?

April 2021

Construction Industry Scheme (CIS) - Tax Advice

If you work for a contractor in the construction industry as a self-employed individual, under the CIS, the contractor is obliged to withhold tax on its payments to you. Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. Registered CIS workers receive their payments net of […]

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How an Accountant Can Save You Money

February 2020

Accountant Showing Client How They Have Saved Money Through Expert Advice on a Laptop

Many people view paying an accountant as just another outgoing, another necessity that is paid begrudgingly along with utility bills, tax, business rates and the like. This perception is fundamentally wrong as so much of an accountant’s role is geared towards saving businesses money. In most cases, a good accountant will save a business more […]

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Could Your Business Benefit from Management Accounts?

July 2019

Could Your Business Benefit from Management Accounts?

Management accounts differ from a regular set of accounts in that they provide up-to-date financial information as and when you need it, rather than once a year in your annual accounts. Every limited company must file a set of accounts with companies house following the end of each financial year. This is a statutory requirement, […]

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Do I Need an Accountant?

July 2019

Do I Need an Accountant?

All business owners will at some point ask themselves this question: Do I need an accountant? It’s an important question to ask, and an even more important one to answer. Whether or not you need an accountant depends on several factors such as the size and type of your business. If, for example, you’re a […]

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Reverse Charge VAT for the Construction Industry

June 2019

Construction Person Writing on Paper on Top of Table

There is an important change that you need to be aware of, coming into effect on 1st October 2019. This change will affect any business that is CIS and VAT registered or that pays suppliers that are CIS and VAT registered. The new legislation is aimed at shifting the VAT liability on building and other […]

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What Is the Difference Between Bookkeeping & Accounting?

April 2019

What Is the Difference Between Bookkeeping & Accounting?

Is there a difference between bookkeeping and accounting? The short answer is yes, though there are similarities, so you would be forgiven for thinking they’re one and the same. Both accountants and bookkeepers work with financial data, the difference between the two lies in the way in which they work with this data. A bookkeeper […]

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How Important is Technology in Accountancy?

August 2018

Technology in Accountancy - Accounting Software on Mobile Phone

The accountancy industry is typically seen as a traditional sector, so you’d be forgiven for thinking that the accounting industry isn’t very “techie”. This couldn’t be further from the truth. Accountancy firms are often responsible for portraying a traditional, old-school image which leads many to think that technology plays a small role in the accounting […]

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The Importance of Good Record Keeping

August 2018

Photo of Good Company Records

In this blog, we’ll be examining a public case study that highlights the importance of keeping good company records. Recently, the director of a construction and civil engineering company based in Glasgow has received a six-year ban for failing to keep adequate company records. David Simpson Duffy, the director of Annick Structures Ltd (ASL) has […]

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Why We’re More Than Just Accountants

June 2018

Aston Shaw Accountant Giving Advice to Client

The accountancy industry is changing. The role of a modern-day accountant is very different to what it used to be, this is largely down to the advent of cloud accounting. Cloud accounting has completely changed the industry, tasks that your accountant might once have performed can now be automated. Fortunately for us, we saw this […]

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