Specialist contractor accountants in London

  Even if you outsource, your bookkeeper will easily become an important part of your company. You'll talk with your bookkeeper on a regular basis, maybe even regularly, and you'll rely on them for important details to make sound decisions.   What are the benefits of working with a bookkeeper?   The first and, arguably, most significant step in the accounting process is bookkeeping. A bookkeeper can consolidate all financial records, from sales to wages, into easy-to-understand files that can be analyzed later.   Recruit the Right Bookkeeper   You may be looking to hire a bookkeeper for your company but aren't sure where to begin, so this blog may come in handy. So, how can you get off on your bookkeeping job? Here are five top tips that we suggest you follow: Be very specific on what you desire. Go in search of them. Market the potential in the same way you market your goods or services. Include someone who is knowledgeable in bookkeeping. Still, always,

 Tax season, aaaaah It'll soon be the time of year where companies plan to collect all of the required documentation in order to file their tax returns. You’re accounting and management teams will be in charge of the majority of the responsibilities. Here are a few pointers to keep the Accotax team excited and calm as a cucumber this tax season. Best of luck!     Communicate with the team in a clear and concise manner. As a boss, you must keep your staff centered and capable of reaching deadlines. Being able to communicate easily with them is a huge part of that. Improving workplace connectivity can result in a variety of benefits for your business, including improved efficiency and loyalty. 2.    Celebrate Staff Accomplishments Celebrating a significant event, such as an anniversary, a birthday, or a series of excellent grades, will provide one with a wonderful feeling. It's much cooler when someone else respects our accomplishments and takes the time to congratulate us.

  If a company is engaged in some commercial operation, such as purchasing and selling products or offering services, earning dividends, controlling investments, or otherwise gaining revenue, it would not be considered dormant for corporate tax purposes. If HMRC considers a business to be inactive, it would be excluded from the obligation to file an annual corporate tax return. Company house Companies House has identified only a few, very basic transactions that a business can report and still send dormant accounts: 1. Payment of filing fees to Companies House 2. Penalties for late account reporting 3. The amount charged for the company's shares before it was formed. Non-Trading Companies A non-trading firm (one that does not do business) maybe engaged in other financial dealings on a daily basis. Leasing, salaries, bank fines, and legal bills, for example, must be reflected in the firm's financial records; if this is the case, the company would not be deemed do