Take a Look

We have just finished a hard day’s work. There is nothing more we want, but to put our feet up and
relax. Admin in the evening is not what we signed up for.

We put all our paper receipts in a shoebox tucked up on the shelf and tell ourselves it’s all there
safe for us to sort out later.

The box is overflowing and it is now tax season! It gets bagged up and shipped off to an accountant!

WE HAVE JUST MADE THE WORST MISTAKE EVER!!

Is it really that bad? What is the worst that could happen?

Having a shoebox full of receipts will COST YOU MONEY, let’s explore why.

Working from home with the kids around can be very challenging, especially if they are little. Each

day that passes the line between family life and work seems to fade. We just want 5 minutes to
make a quick phone call or to send a quick email.

What are we doing wrong, why won’t our kids let us work?

Here are 6 common mistakes made when trying to run your business from home with small kids
around.

With the kids at home watching our every move, finding time to do bookkeeping is at the bottom of most people's to do list. ‍

Is it time to outsource to a bookkeeper?
Get back time to do other, more important things.

I want everyone to get the best service possible.

Here's an Essential Guide to help you choose the right person for you & your business.

Do you know the world of 'Bookkeeping and Accounting' has it's own language!

To help you out, here is an easy to read guide detailing many of the popular terms within bookkeeping.

Designed for business owners and those undertaking bookkeeping duties. 

www.bookkeeping.business.blog

An A to Z guide to Bookkeeping Terms.

Our new best friends... some bluetooth headphones

Once purchased as a luxury, now used daily.
Helpful for calls, conferencing and generally listening to anything above all the background noise in our homes. 

What is your new best friend?

Are you wondering if running a business from home is a good idea?

With more and more people starting indoors, staying safe, I thought I'd share a short article with you detailing some of the advantages to running your own business from home.

Do you want to spend more time with your family?

Please take this seriously. COVID-19 can affect us all.  Follow guidelines and maintain social distancing. 

STAY HOME - PROTECT THE NHS - SAVE LIVES 

It is easy to think you will never achieve or the goal is too far away, but don't spend your time worrying! 

Take inspiration and make the most of your time. Dreams do come true.

Here is a helpful link for people within the Forest of Dean - Employed & Self Employed

For those self employed receiving small business rate relief on premises, you can now apply for the £10,000 grant by completing & returning a simple form to 

https://www.fdean.gov.uk/business/coronavirus-busi...

The government has announced how it will support self-employed people whose income has been affected by #coronavirus. Full details can be found here https://www.gov.uk/government/news/chancellor-give...

Here are 5 helpful tips for those who are now working from home.

https://bbc.in/393qJ6x

HMRC have set up a helpline specifically for the self-employed and businesses who will are affected by COVID-19. Offering advice around benefits, grants, taxes and more.

With lock down pending more and more people are already or will be soon, working from home.

Here's an article to help inspire new and creative ways to work from home.

https://informi.co.uk/starting-business/41-ways-ma...

Join the petition for statutory sick pay for the self employed.

https://petition.parliament.uk/petitions/300336

Thinking of changing bank? 

What do you need to consider?

Hopefully this will help you in making your decision 

We are here to support you. 

Offering a flexible, personalised service to clients. 

Tailored training offered, to individuals and groups, at a time to suit you. 

Contact us today to find out more about this & other training offered by Wallace Accountancy & Bookkeeping.

Would you prefer to talk after the kids are in bed?

We are here to support you at a time that suits you!

We could save you hours of stress & give you more time to do the things you love. Contact us to find out how.

If you haven't done your self assessment tax return yet, you are not alone!! Here is a helpful guide from HMRC you might find useful. 

Here is a simple chart to reminder you 

of what you can claim.  

Contact us for more information 

or with any queries, we are here to help.  

Below is a link to a video all about me,

Rebecca Wallace AATQB & my company 

Wallace Accountancy & Bookkeeping 

https://www.facebook.com/385403395283764/posts/761...

Check your physical calanders say 8th and not the 4th. 

This year the bank holiday has been moved from Monday 4th to Friday 8th May to coincide with VE day, the 75th anniversary of the end of World War II.

This was a late decision by the government to make this change, so check your calanders.

https://www.gov.uk/bank-holidays

We offer flexible services tailored to your needs.

Specialising in computerised accounting allows us to provide fast paced services at competitive prices.

In your first year of trading or changing your vehicle?

It's time to work out which method could save you money.

Check out this helpful video from HMRC.

Check out our free download for more information on how you can utilise these great features.

There only ever seems to be two settings when you’re running your own business, too busy or too quiet! Sometimes it can flit between the two over the course of the same day.

The ability to cope with this rollercoaster ride defines those who are self-employed as adaptable and resilient. But even the most seasoned self-employed professional can feel flustered when business is a little slow. If you find yourself in a bit of a slump when you don’t have plenty of client work to keep you busy it’s important to stay productive and try to make the most of the downtime.

To read further follow the link below. 

https://informi.co.uk/blog/how-to-ride-out-the-qui...

Contact us today to arrange your free consultation

Reflecting on company processes and bringing things up to date can help improve efficiency, and save you money. Contact us to discuss how we can help you spend less today and save more for tomorrow.

Not sure if you need to register. 

Contact us to discuss today.

Contact us today to discuss your options

If you don't have time to do a little bookkeeping each day, when will you find time to record a month's or a year's worth of records? Different people have different systems. What matters the most is that you have a system and use it daily or at least weekly. 

Considered hiring a proffesional bookkeeper.

It will save you hours of stress.

Contact us today to discuss how we can help you.

Additional training available upon request, 

contact us for details

Don't be SPOOKED by your finances this Halloween. Keeping up with your books doesn't have to be scary.
Contact us, we will help you face your financial fears.

If you think we could help lighten the load 

contact us today for a free consultation.

Contact us today to arrange your free consultation.

A YouGov survey by IAB found 78% of businesses using a qualified bookkeeper think it's vital for businesses growth.

Good record keeping is essential for all buisnesses to be successful. It is important to keep track of your buisness revenues & expenses so you know what you are able to claim for and it will make life simpler when it is time to complete and submit your tax returns.  

Sometimes this can be overwhelming or just not want you want to spend your days doing. 

Contact us for a free quote today. We are here to help lighten the load. 

For further Infomation on what expenses are reclaimable contact us at Wallace Accountancy or visit 

www.gov.uk/expenses-if-youre-self-employed

I'm sure you have been receiving lots of emails from subscribers in regards to GDPR. This is the biggest data protection change in 20 years. It is important to know your rights in regards to your personal data. As a registered Data Controller for the ICO, Wallace Accountancy ensures the protection of your personal data in line with the new regulations. 

For further information please visit www.ico.org.uk

You may have heard the phrase 'Making Tax Digital'. This refers to all self-assessment forms, TAX & VAT returns, and supporting documentation to be digitally submitted to HMRC and Companies House rather than allowing for the usual paper based submissions. This was due to come into force from April 2018, however this had now been postponed due to the 2017 general election. It has now been suggested to come into force from April 2020. Get ahead of the time and make the change today. Tax doesn't have to be taxing!

So many providers, don't know who to choose. Have you heard of Xero, QuickBooks, Sage or another accounting package. Not really sure what they can offer you and your buisness. 

We are here to help you understand the world of computerised accounting, so please contact us to discuss the best options for you.

It can be daunting having to think about tax and VAT returns. We at Wallace Accountancy are hear to help. We offer tailored advice to suit your needs and can even take care of your tax and tax returns for you, ensuring your legal requirements are met. 

Contact us now to discuss services we are able to offer you to make running your buisness more enjoyable.