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Keep up to date with the accountancy world – jargon free, and in language you will understand. We promise.

Finding the right accountant for your business – what to look for

You know you need to get some professional accountancy advice, but you have no idea where to start. Believe it or not, you are not alone. Accounting, bookkeeping, and financial planning can be complex areas, but with the right team in place you can rest easy that things are in hand and managed well. After…

A roundup of this year’s Budget

There are few headlines that pop up consistently in the media, almost on a daily basis. Brexit is one topic, while the other is the Budget and this one saw quite a bit of build-up again this year. The time finally arrived, earlier than usual and rather notably on a Monday no less, when the…

How secure is your paper trail?

Did we really say paper? Does anyone use that anymore? You would actually be surprised! We come across a still staggering number of companies which use paper for many of their processes, increasing their risk of something going wrong. This is why we are focusing on securing your systems this month, aiming to get more…

Take a look at what Bells Accountants have been up to over the last month

Everything you need to know about tax return deadlines

It is coming up to that time of year when you need to start thinking about your self-assessment tax return for the tax year 6 April 2017 to 5 April 2018. There are a few options available to you if you file a self-assessment with the HMRC, whether you do it yourself or have your…

Minimum wage laws encourage employers to favour younger workers

The national minimum wage, and the living wage, have been important components of ensuring that staff receive reasonable compensation for the work that they do. The national minimum wage first came into force in April 1999 with the National Minimum Wage Act of 1998. The national living wage was introduced in 2016, in response to…

VAT: to register or not to register

VAT or Value Added Tax. An often mind-boggling area of tax for most organisations whether you are self-employed, run a business, or manage a charity. In this month’s article we break it down and simplify it with the headlines that every business owner and manager needs to know. Who does VAT apply to? VAT applies…

Sole trader or limited company?

Have you been toying with the idea of going it alone? Leaving your job and becoming your own boss? It is not as wild an idea as you may think. An increasing number of professionals are going down this route and it is easier than ever to do it, whichever way you choose to operate.…

What the new financial year brings

April is the time of change. Spring is finally in the air and the new financial year kicks in. We thought it would also be a good time to do a quick recap of what you can expect for the forthcoming financial year – are you likely to be better or worse off? There are…

The new minimum wage from April: what you need to know

It is that time again when the old financial year is nearly at an end and the new one is about to begin. This is also the time when a number of other government changes are implemented, and one of these is the annual change to the Minimum and Living Wages. We take the opportunity…

Don’t be a victim of the latest HMRC-related scam

It’s that time of year when you have just completed and filed your tax return and paid up on what you owe. Unfortunately, that means that it is also the time when there is an increase in phishing scams via email and social media, some of which can look genuine. We have had a few…

The Budget at a glance

The Autumn Budget was the Chancellor’s opportunity to set out the Government’s view of the state of the economy and to set the targets and goals for the near- and medium-term future. Presented at the end of November last year, many of the changes come into effect from April this year – although some were…

Setting up a payroll system: what you need to know

Your business has been going from strength to strength and it’s time to hire staff to help take on some of the work to help you meet your clients’ needs and fulfil the orders you have coming in. It’s an exciting time as it means that you are ready to grow the business. It can…

Click here to listen to Jo as a guest speaker

Why you should hire a bookkeeper

Bookkeeping probably sounds like something out of another business era. It conjures up images of a business owner or accountant in a back room somewhere trying to organise their receipts and invoices, surrounded by mountains of paperwork and pulling their hair out.

Why using an accountant is better than going it alone

Whether you are a limited company or sole trader, being at the front-end of your business is what you do best. You know your market, your product or service, and your clients. You know how to keep your clients happy and how to find new ones. You’ve probably taken advice on marketing and sales at…

Why using an accountant as a small business is crucial

Setting up your own business was a huge step and you are rightly very proud of having taken the leap to do it! The next steps are to focus on building up that business, getting new clients, and delivering on your promises to them. Hard work, no doubt, but fairly straightforward in theory. More and…

Why your business should use cloud accounting platforms

The management of generating invoices has revolutionised over the past decade. More and more businesses are switching to cloud platforms to manage their online accounting process, and are reaping the rewards. As a business owner, you might be a great entrepreneur, but the chances of you being a good accountant too are very rare. So,…

How should your accountant help with your business’s profitability and performance?

When it comes to your business your accountant can do a lot more than just calculate your tax bill for you. We can also help and guide you on all the following: Analysing trends and financial information within your business to help you ensure you are making maximum profits. Advising on all the ways you…

Tax Tips For Selling Assets Including Investment Properties

Your home – when you sell your main residence this is usually exempt from any capital gains tax. If you have two homes you have two years from the date you buy it to make an election that states it should be regarded as your main residence for capital gains tax exemption. Once you make…

Scam Tax Rebate Emails

Here at Bells we have had a number of clients contact us to ask if an email they have received, seemingly from HMRC, is genuine. The email often has HMRC’s logo on it and appears quite official, usually stating that the taxpayer is due a refund and asking them to follow a link to claim…

Tax on Dividend

If you own shares in a company you may well pay yourself via a dividend. Previously, if you were a basic rate tax payer you were not required to pay any additional tax on dividends. As of 6 April 2016, you won’t pay tax on the first £5,000 of dividends that you get in the…

Changes to the VAT flat rate scheme from April 2017

HMRC are proposing to introduce a new category of trade to the flat rate scheme called a ‘limited cost trader’, this new category will use a flat rate percentage of 16.5%. The flat rate scheme was initially introduced as a simplified way of dealing with VAT, however many businesses make extra profit by being on…

Six Things to Consider When Buying a Business

There can be many positives to buying a business, rather than building one from scratch. It can save a lot of time and effort on your part if you are taking over systems, processes and even a customer base that is already established and working. Buying a business can be very risky though, and here…

Do I need an accountant?

Ultimately the answer to this question is that it is up to you. Legally you are not required to have an accountant you can submit your own accounts or tax return but we would encourage you to consider all of the following points before you make that decision: 1. Recognise your strengths and focus on…

Employers Guide To Auto Enrolment (or work place pensions!)

Under the Pensions Act 2008, every employer in the UK must put their staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’. Auto-enrolment of workplace pensions has actually been in existence in the UK since 2012, initially targeting the big employers. Now it is the turn of small and micro…

Setting Up A Limited Company – Things to Consider!

Your business name – When registering a limited company you are not allowed to use a name that is in use by someone else. Your registered office – This is the address that your company is registered at with Companies House. This means the address will be available on public record. If you currently work…

Tax on Dividends Is Changing!

How do things work now? You can pay yourself from your limited company in two ways, via salary or dividends. Most directors pay themselves a small salary topped up with dividends. Dividends are paid after Corporation tax has been charged, they are paid out of money that has already been taxed once. Currently there is…

Runner Up in the Kent Women in Business Awards 2016

Bells Accountants have received the title of Runner Up in the Kent Women in Business Awards 2016 for the Customer Service Category. This huge event brings together some of the most influential and successful professional females in Kent. It is an honour for us to be given this accreditation. This is an amazing acknowledgment to our company and…

Finalist in the best Customer Service Category of the Kent Women in Business Awards 2016

Bells Accountants can proudly announce that we have been nominated as finalist in the best Customer Service Category of the Kent Women in Business Awards 2016.   We’d just like to say a huge thank you to everyone who nominated us and good luck to all the other inspirational business women who were nominated.  Winners…

Bells Payroll Services

We are delighted to announce the launch of a brand new website for our Payroll division, Bells Payroll Services.   You can see it here – www.BellsPayrollServices.co.uk With Bells Payroll Services you can be sure of extremely competitive prices and an incredible amount of experience in payroll processing. Our client base is diverse ranging from…