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and other number related thoughts

The government are updating the penalties for used for VAT and Income Tax Self Assessment with the aim to make it fairer and more consistent.

Moving accountants could seem like a really daunting prospect - however it's easier than you think!

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’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...

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!

VAT – The basics!

We’ve mentioned registering for VAT in a recent blog but as we didn’t go into detail we thought we’d add a bit more now...

Mythbusting

My (not so) little boy has recently got into watching Mythbusters on TV and it got me thinking about some accounting and bookkeeping myths that I thought I’d tackle...

Over the last few months we’ve had a few changes within the team at PBATS, here’s a quick round up of all the changes...

Got QuickBooks but need help?

We’ve had a few calls and emails over the last few months regarding QuickBooks with a similar theme, people have seen the adverts on TV and heard the radio ad’s saying how easy your accounts can be when you use QuickBooks and they’ve got it, set it up the best they can and then realised they still have to do more than they thought...

Christmas isn’t for paperwork

In case you haven’t noticed, Christmas is coming! With the majority of our clients being small businesses, it probably signifies a time with a bit of down time where no doubt instead of resting you’ll be trying to catch up on paperwork...

Prices for bookkeeping

When I was first starting out as Practical Bookkeeping, one of the things I was very unsure about was pricing. Not the amount to charge people but if I should advertise these prices...

0% or no vat – Which is it?!

I often hear shouted from another room a question along the lines of “Is it No VAT if I’m doing a PO for someone who’s not VAT registered”, usually signifying my Husband is working from home and has forgotten the difference between 0% & No VAT entries on QuickBooks...

Did you need to go digital?

With the first monthly VAT submission due a few months ago in June and the first quarterly MTD VAT submission due a few days ago on 7th August, we’ve heard of some people who were still unaware they needed to comply...

Do I need a Bookkeeper?

There is no simple answer to this question – the fact is that anyone can do their own bookkeeping. This might sound crazy coming from a Bookkeeper but with modern, digital software making this even easier most sole traders with simple income and expenditure can indeed do their own bookkeeping.

The question that most small business owners should be asking is ‘is doing my own books a productive use of my time?’...

How to find a great Bookkeeper

Outsourcing your bookkeeping is a big deal – you know it’s the right thing for your business and your sanity, but where do you start?

A quick explanation on why we're not actually writing a blog on the help available for the self employed during COVID 19...

A question that we often get asked by people is what is the difference between us and an accountant? While there’s a lot of information out there on the web about this, we thought we’d do a little blog to try and help too!

There’s been a lot of shouting about Making Tax Digital (MTD) kicking off on 1stApril, with HMRC trying to ensure everyone who needs to know, knows...

Getting more from your books

A lot of people see their accounts as just a necessity, you have to do invoices to get the money in and you have to put your expenses through to lower your tax liabilities....

Are you ready to improve your accounting experience?