and other number related thoughts

The 2021 PBATS Year

For the third year now, I’m going to make our last blog of the year a review of our year...

Payments on Account

Seen the term payment on account and wondered what it means? Had a notification you’ve got to pay a payment on account but aren’t actually that sure what it means? Find out what they actually are!

So you heard the government announce the change to National Insurance contributions (NICs) from April 2022, but what does this actually mean to you?

We hate to talk about it so far from the day itself but we also like to be super organised and these things need planning! We don’t want to speak too soon but it’s looking like Christmas Parties could make a return this year - let’s assume for the purposes of this blog that things remain so we can celebrate this year, so the big question we’re covering here is "Is my Christmas Party tax deductible?"

Definitions pt 2

We’ve had a request for a follow up to a previous blog of accounting definitions, this time requesting some more basic terms to help people who don’t work in a finance role but need to understand the terms, such as when needing to order from suppliers, etc.

We often speak to people after they’ve set up a limited company and are needing help with fulfilling all the requirements of having one, often costing them money they were not aware they would need to spend - now we’re not saying you shouldn’t have a limited company, it’s just important to know all the facts...

For the millions of employed people in the UK (31.2 million in the three months to April 2021), their tax code is an important piece of information - defining how much you are allowed to earn without paying tax for the year, so it’s important that it’s right, but how do you tell? If it’s wrong you could end up overpaying tax or worst still underpaying and having an unexpected tax bill later on.

We’ve blogged about the training we provide and the training we’ve undertaken in the past, but recently we popped a message on our socials as we’d been renewing QuickBooks advanced training - but what does this actually mean to you?

From 2003 until 2010 I was self employed and like so many in that situation, I did everything myself, bookkeeping and tax returns included. I never got a quote for my tax return to be done for me, mainly as I assumed it was a lot of money and I’d managed to do it so far without problems but also as I never felt my books were good enough...

It seems like a random choice, 4th month of the year and 6 days into it, so why is it the start of the tax year? The start of the tax year was, a long while ago, New Years day...

How to find a good accountant

A few years ago we did a blog asking the question “Do I need a bookkeeper?” – today’s blog is looking at this from a slightly different perspective, you’ve decided you need or want to use a bookkeeper/accountant but now need to choose one!

VAT Reverse Charge

You may have already heard about the new ‘VAT reverse charge for building and construction services’ rules coming into effect on 1st March 2021, you may already know all about it or you might have arrived here to find out more!

Are you ready to improve your accounting experience?