3 Business Ideas to Consider During a Pandemic
We have recently had a question from a client who is looking for new business opportunities: “I run a furniture business and business has been abysmal for the last few months. I don’t see it improving further. So I want to pivot and start something new. What are the trends in the current market, what […]
Keeping up moral
Good morning, Johann. Until the new lockdowns, me and my staff were in good spirits and looking forward to getting back to business as usual. I have a strong six-month plan to stay afloat, but can’t seem to keep my stuff motivated. Have you had any clients who have similar challenges? everyone’s struggling to motivate […]
5 Key Stages to Reopening a Business Safely after Covid-19
In this blog post, we take a look at what businesses need to do as they reopen after the Covid-19 shutdown and how to assess your readiness to return to the workplace. Many of our clients were unsure what are the best ways to get ready for reopening and what things they should focus on […]
I’m planning on doing my finance all by myself, Is it worth it to get an accountant?
I’m planning on doing my finance all by myself, Is it worth it to get an accountant?
I keep handwritten sales records. Am I breaking the law now MTD for VAT is here?
I keep handwritten sales records. Am I breaking the law now MTD for VAT is here. MTD impacts on businesses that are VAT registered at £85,000 or over the annual turnover, so they have to be registered for VAT. At this moment in time, HMRC want you to submit through an accounting software. For a […]
Small business news update
Small business news update Hello and welcome to this latest news update from OnPoint Accounting for small businesses across the UK. This news update is primarily targeted at Scottish businesses today after a release of new opening dates from the Scottish government. Today’s announcement came on the 24th of June at lunchtime during the Scottish first […]
Coronavirus Support Update
Coronavirus Support Update As promised here is another update on the business support being made available to businesses in hospitality, leisure and retail. Please note the government has been very clear that this is the next step and more support will be rolled out if felt appropriate. My team and I are working hard to keep […]
Which QuickBooks version should I use?
Which QuickBooks version should I use? Which QuickBooks version should I use? There are two main versions of QuickBooks online, self employed and business. The self employed version is the cheapest and most basic. It is designed to support sole traders that have a very simple cash based accounting with out the need for assets. […]
What’s best for me? Sole trader or limited company?
This is one of the most frequently asked questions we get from both new businesses and ones considering their future options. Sole traders that ask about becoming an Ltd do so because they have heard that they can save tax by running the business through a Limited Company. This could be true however, there are many […]