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What are allowable expenses?

Your guide to knowing what expenses are taxable. When carrying out your self-assessment, it’s hard to know what can be included as allowable expenses. Contrary to popular belief, the government wants you to succeed in business and allows you to spend on certain items without paying taxes. If you were in a muddle following your […]

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Case Study Bookkeeping Backlogs

Client Problem: Struggling to keep up with their Bookkeeping from Jan 2020 since their 20 years long standing Bookkeeper left suddenly The books were left unreconciled VAT had not been accounted properly Covid-19 hed left them short staffed and unable to keep the records updated Huge backlog needed clearing How we helped The clients accountant […]

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New business owner brings bookkeeping services to Shrewsbury & Telford

Sarah Connop from Shrewsbury brings bookkeeping services for small and micro businesses to Shrewsbury & Telford. Sarah is ACMA qualified and has over 20 years of experience working in a variety of financial roles, working for small businesses and both FTSE 100 and FTSE 250 companies to help them understand their finances. After her long […]

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Are you ready for when lockdown ends?

Well, the announcement has been made and most of the restrictions are due to end on 19th July, as a business owner are you ready? It is of course likely to depend on many factors, such as; have you been open and trading at full capacity? Have you been able to open but with restricted […]

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Choosing the Right Accounting Software for your Business

For any small business owner, keeping track of your incomings & outgoings is one of the most important tasks. Recording payments, tracking expenses, invoicing customers and reconciling transactions means you can make informed and profitable decisions about your business. Luckily, there are now a wide range of software options available to make it easier for […]

How much I love doing self-assessments

As a company owner/director, running a business has its ups and downs but one thing I always looked forward to when I was a company director, as I am sure you do, is that 31st January deadline, finding time to gather all of the information and send off that lovely Self-Assessment. Oh, you don’t find […]

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As a small business owner, what do I need to know?

It has been a tough year so far for business owners and the self-employed to say the least. Knowing how your business is going to be affected or what to do for the best to keep revenue coming in has meant that many business owners have needed to change their plans or maybe their whole […]

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What is bookkeeping and why is it important?

In both our business life and personal life, we all have a system for keeping on top of our bookkeeping and I’m quite sure some are more organised than others. You might rather like checking your incomings and outgoings every day, week or month, but either way, particularly in business, bookkeeping is essential. Every business should […]

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Top tips if you are thinking about becoming self-employed

Top tips if you are thinking about becoming self-employed. During the course of the Coronavirus pandemic we have seen many businesses struggle and the inevitable loss of jobs, as the job market becomes tougher and because people have had more time on their hands being furloughed and have had time to reflect on their work […]

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Help for Small business through COVID-19

Many small businesses have faced their hardest year ever and business owners have had to come up with inventive solutions to get through this period. Some businesses though have found it easier than other, especially with different industries being affected harder than others but, on the positive side there is Help for Small business through […]

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Why you should be using cloud based Accounting Software

As a business owner, one of the most important things to take care of is your company finances; bookkeeping and accounts. Keeping track of your income and expenditure is not only vital for managing your business successfully but also to ensure that you comply with legal obligations. The way in which you manage your bookkeeping […]

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How to avoid some of the common bad Bookkeeping habits.

As a small business owner, you will probably take on a lot of additional tasks, especially in the infancy of your business. Bookkeeping is usually one of the tasks you may take on yourself. If you are not a bookkeeper by nature or by trade, it is easy to pick up bad habits as you […]

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Why should I outsource my bookkeeping?

Do you remember why you ventured into the world of running your own business? It could be a multitude of reasons; wanting a better work life balance, realising you could earn more money working for yourself than someone else, a desire to spend your working day doing what you love/choose, rather than what others asked […]

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Managing the bookkeeping for our clients over the COVID 19 crisis

How Rosemary Bookkeeping Coventry have managed the bookkeeping for our clients over the COVID 19 crisis…. The COVID-19 lockdown has been a challenging few months so far for most, for Rosemary Bookkeeping Coventry, it was no exception. Although fortunate enough to not have to close like many businesses, a lot of changes needed to be […]

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My strategy for surviving Coronavirus

Belinda Whitaker explains her strategy for surviving Coronavirus, read more in this fantastic article on Total Swindon click here (credit Fiona Scott Media Consultancy).   If you would like to find out how Rosemary Bookkeeping can help you sort out your books and assess your business finances during these difficult times, contact your local Rosemary […]

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Do I really need a Bookkeeper?

Do I need a bookkeeper? Well, for me at this moment in time, I personally do not, why? Because as I am employed full time and have no other income that I need to account for. But; once upon a time my situation was different. Before I worked where I work now, I like about […]

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Running for Alzheimer’s Society

Here at Rosemary Bookkeeping Newbury & Basingstoke, we are proud to support and share the amazing achievement by our very own April Fost. April set herself a challenge at the start fo the year to complete 12 running events through the year. The events were varied and included the particularly challenging Snowdonia Marathon in October. […]

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Last Calls For Making Tax Digital! Everything You Need To Know

It’s April, and you know what that means! No, we’re not talking about Brexit. We’re talking about Making Tax Digital. Yes, after years of discussions and prep time, the deadline is here. If you’ve not got yourself sorted and ready, you’ve not got long to get organised and ready to submit your VAT returns digitally. […]

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MAKING TAX DIGITAL

Part of the government’s plan is ‘Making Tax Digital’, and by introducing this, it is set to make it easier and more simplistic for businesses to run properly. It will help them keep on top of their finances, and ensure they get their tax right the first time. HMRC has a huge ambition to become […]

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Top tips to finding a great Bookkeeper

Deciding to outsource your bookkeeping is a big decision. You’ve decided that it will be cost-effective but now you need to find the right Bookkeeper for you. Here are my top tips for what to look for when outsourcing your bookkeeping; 1 – Referrals Without a doubt, this is the best way to find a […]

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Do I need a Bookkeeper?

I often get asked this question. Afterall, most small businesses don’t want or need any extra expense in their business so, is it really necessary to outsource this particular task or would you be better off, doing it yourself? The simple answer is, there is no simple answer. It really does depend on you, your […]

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5 Tips To Make Your Accounting Software Transfer As Painless As Possible

As of 2019, all VAT registered businesses will need to be using an accredited piece of accounting software to complete their accounting records under the Making Tax Digital rules due to come into force from April. For smaller, non-VAT businesses, you remain unaffected for now, but businesses that are registered for Value Added Tax  will […]

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Quickbooks Making Tax Digital Certified

At Rosemary Bookkeeping Newbury & Basingstoke, we are pleased to say we are Quickbooks Making Tax Digital Certified. If you need to get ready for Making Tax Digital and don’t know where to start, what it means, or if it applies to you? Get in touch today and we can arrange a free bookkeeping health check […]

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About Making Tax Digital

Making Tax Digital will change the way your business pays its taxes to HMRC. It is a scheme by the UK government to make it easier for businesses and individuals to manage their taxes. The first stage comes into play on 1st April 2019 and is called Making Tax Digital for VAT. From that date, […]

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Making a difference

Making a difference is what motivates bookkeeper Neeta, as she celebrates the second anniversary of ‘taking the plunge’! If you take a look at what was happening in the news on Thursday, September 1st, 2016, you might struggle to find anything significant. Donald Trump and Hillary Clinton were exchanging their non-stop verbal blows in the […]

10 Important Things Every Small Business Should Do

According to statistics published in 2017, about one-fifth of business startups fail in the first year and about half of all employer establishments fail within five years. Only about one third survive ten years or more. If you are thinking of starting a small business, get the right processes and steps in place to make sure you […]

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What’s the difference between a Bookkeeper and an Accountant?

This is a question I often get asked when I tell people what I do. Many people assume they are the same thing and I can understand why. The two terms are often used interchangeably. It can also be confusing because there are bookkeepers that provide accountancy services and accountants that provide bookkeeping services. Many […]

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Top Tips – How To Choose Your Bookkeeping Software

If you run a business of any size, you’ve probably used accounting and bookkeeping software at some point. Accounting software makes it easy for you to track your business’s financial health and monitor the way money moves in and out of your business. You can use it to create invoices, track expenses and generate a […]

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10 Bookkeeping Basics You Need To Know

As a business owner, you’re probably a master of doing what it is your business does. Most small business owners and startups are. But being able to deliver an amazing service and run a team aren’t the only elements to running a business. In fact, you could be a fantastic business owner, but still flunk […]

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Employ or Outsource Bookkeeping

Should I employ an in-house bookkeeper or outsource the work?  Congratulations! You have a successful business and have seen significant growth and healthy profits from all your hard work. You worked those long hours, perhaps over the weekends, sacrificing family time and even some ‘You’ time in order to achieve your dream of running your […]

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Taking Your Accounting Mobile

The life of a small business owner is never boring. There is always something new to do, somewhere new to be, and anything that can be done on the move, will be. So it makes sense that business owners would want to manage their accounts on the go. Mobile phones, tablets and laptops have made […]