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Clients are being penalised due to software issues with HMRC’s online filing system Accountants discuss the tax miscalculations – and headaches – being caused by software issues. I use my initials followed by bookkeeping services, or increasingly now bookkeeping and accountancy services. At the other end of the spectrum is Shauns way of going traditional and then there are those who go with our names, initials or town we’re based.

Registering your business partnership

It will protect your financial interests, help minimise disruption to your business, pay your fees if an unhappy client refuses to pay you, and cover the costs of rectifying a mistake. It’s important to do your research before starting out so you’re clear about the path you want to follow and the goals you’d like to achieve. All these considerations are part of the bigger picture of your bookkeeping business plan.

Even if you take every precaution to choose an appropriate name from the start, things might change as your business evolves, so using a trading name can help. If you don’t want to use one, then you can stick with your company name, and all will be well. A company might buy another business and absorb it into its existing operations.

Bookkeeping for Self Employed

Coming up with a name for your new venture is perhaps the first big decision you have to make. It will represent you and your services, so it’s vital that you get it right. Ready to start your own practice but need some help to make it happen? Download your free toolkit, which is filled with tips and advice to support you along every step of the way.

• Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
• If you have second thoughts about your company name somewhere down the line, it is surprisingly easy to change names.
• There is no official way to register Sole Trader business names in the UK.
• MTD for VAT purposes applies to any business with a turnover above the VAT threshold.
• Maybe you’ve been made redundant and setting up for yourself gives you a great opportunity to take control of your destiny.
• Organic brand searches bring in between 10% and 50% of traffic for the average company website.

Although you might be prepared to service some clients by post and email or offer them an online service, most of your clients are likely to be local concerns. You might also like to download our handy construction bookkeeping guide for limited company beginners. You’ll learn about how forming your own company can save you time and money. Limited company names are like website addresses – there can only be one of each.

What is bookkeeping and why is bookkeeping important for a small business?

Company names must also be careful not to suggest some sort of official recognition or accreditation, such as “The Government news company”. However, it’s very important to make sure that the fees you charge for your services are enough to cover all of your operating costs, including staff wages and your own drawings. Generally speaking all businesses are keen to keep their costs to a minimum and there is likely to be pressure on you to keep your fees low – especially when there’s a downturn in the economy. MTD for VAT purposes applies to any business with a turnover above the VAT threshold. Drive sales and promote your business and products to new and existing customers. Sources of start up funding, from banks to investors and grants to personal savings.

Comprehensive accounting software and support for established Limited companies. How to supercharge your CV Do you think you’re right for the job, but not sure how to prove it ? How to get your CV noticed Top tips to make sure your CV doesn’t end up on the rejection pile. How to get the job you deserve You’ve got the qualifications, but suddenly it seems like everyone else does too… And when you’re competing for the top accountancy and bookkeeping roles, how do you stand out? Jump on a domain registration site, these sites have a search box which allows you to see which domain names are available.

What else is included in our accountancy packages?

Changing careers can seem daunting So let me introduce you to Hannah Greyson-Gaito… From dancer to choreographer… Read more » Meet the “Rockstar” winner from the Finance Awards Wales Her boss calls her a rockstar and, at 29, Poppy Vincent has carved out an award-winning career. Social media mistakes that are costing you https://www.archyde.com/how-do-bookkeeping-and-accounting-services-affect-the-finances-of-real-estate-companies/ the job 74% of employers will look you up on social media before hiring you. Setting up your own bookkeeping business can be very rewarding, not only financially but as a lifestyle choice. The AAT also has a range of bookkeeping qualifications with the highest certificate allowing you to become an AAT licensed bookkeeper.