Take a Look

There are plenty of parents that can relate to this article, it’s tough to manage the stresses of balancing kids and work!

Vodafone have launched an amazing deal to support the UK’s small businesses. 

Switch and Save January means that you automatically get £100 off of your bill!

The fourth process in finding the right balance for your accounting … is APPROACH.

Upon first glance, accounting might seem like a fairly straightforward profession⁠—it’s just crunching numbers, right?

It is the end of an accounting period, usually 12 months. 

Keep up to date with our 2021 news!

Signing up to our Newsletters is easy process.

One of the leading platforms in 2020, offering online accounting software.

Here at Wallace Accountancy, we understand the stress that comes with managing all your receipts and transactions and trying to collate all the data into one place.

This is used to describe funds taken from the business bank account.

There only ever seems to be two settings when you’re running your own business, too busy or too quiet!

The start of a new year is the perfect time to step back & take stock of where you are in your business.

Happy New Year Everyone!!

Our work/life balance was tipped heavily in favour of life for us over Christmas.

❤️ Thank you Jane Holland Colour for your very kind words.

With the recent announcement that Wave will no longer be available for use,

Have you submitted your online Tax Return yet?

We wish you all a very Happy Christmas And Prosperous New Year

What is VAT?

A massive Thank you to Pippa for taking the time to send me a great video review ❤️

The third process in finding the right balance for your accounting … is LEARN.

We are all looking to cut back and save money, but Christmas is still going ahead and we want to be able to give our nearest and dearest a good one

Taking part in on-line webinars, talking to business owners or people just starting out, has been so very satisfying.

Do you want to start 2021 with more of your money in your pockets?

Accounting is the process of recording financial transactions of a business.

Often referring to the company revenue which is income from services or goods before deductions.

Is there something you are unsure of in keeping track of your financial records?

Hearing that by us sharing our top tips and being able 

to share software knowledge is making such a difference to business owners is amazing 

A new FREE workshop is being held on Tuesday 15th December 

at 8pm so don’t forget to save the date!

What is a trial balance?

Attention all business owners!

⏰ 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 second process in finding the right balance for your accounting … is ASSESS.

A great BIG Thank You!

Whether you are just starting out or if you’re an established business, Bookkeeping and Accountancy can be mind-boggling.

Accounting transactions are business activities that impact on the financial statements.

❤️ We have received some wonderful testimonials after some of our recent Wave Tutorial Sessions.

There are many types of tax but this article will be exploring personal tax.

Signing up to our Newsletters is easy process.

Thank you for your kind words and great feedback from the recent webinars.

Did you know that we can help you to save money and the stresses of switching utility providers?

An organisation that supplies goods or services on credit to another organisation.

If you run a Limited Company, are you aware of the ‘Trivial Benefits’ benefit in kind that is not subject to Tax and National Insurance.

I would like to say a great BIG Thank You to Kate Hatherell

Here at Wallace Accountancy, we understand the stress that comes with managing all your receipts and 

transactions and trying to collate all the data into one place.

Helping people, making a difference and leaving a positive impression is the most satisfying aspect of our work! ❤️

Also referred to as a report.

Xero gives you the insights to plan for the future of your business.

It is wages and benefits that are paid over a period.

Often confused with profit but very different things.

Do you use Wave or want to use Wave but are unsure how to go about it?

❤️ It means so much to receive your reviews ❤️

A remittance advice is a document that is sent along with payment to a supplier.

⚖️ Finding the right work/home lifestyle balance can be hard.

⁉️ What is it? 

Do business owners need to do it?

For those who use Calendly and Zoom for your business, there is some great news.🙌

With the knock-on affects of Covid-19 it’s more important now to a lot of people.

Lockdown pending again causing so much stress and worry I like to remind myself I have lots to be thankful for.

Otherwise known as accounts receivables.

Have you got your FREE copy yet?

This is one of the popular and user friendly accounting & bookkeeping software.

 Have you signed up for our regular NEWSLETTERS?

With many schools having half term this week, working from home, entertaining the kids and staying sane can be a challenge!

⚖️ How are you managing to keep a balance of work and kids?

This term refers to one of the most vital reports.

Is your child or children receiving free school meals?

Book a FREE consultation call.

Next Tuesday at 8PM is the final workshop of the month.

Is it as simple as it sounds?

It brings me great joy and a warm fuzzy feeling when I’ve been able to help someone with their bookkeeping or accountancy questions!

What processes are in place?

👀 Tomorrow is our third FREE workshop! 

In accounting, posting is when the total of a subsidiary ledger is transferred into the general ledger.

 Our Electronic Account Service. 

Utility Saving is another area in which I am able to provide help for.

What is petty cash, is it just cash?
It is cash funds held at the business premises.

Tomorrow is our second FREE workshop of the month

For those who use Calendly and Zoom for your business, there is some great newS.

!!!ATTENTION ALL BUSINESS OWNERS!!!

The term is abbreviated from Pay As You Earn.

We at Wallace Accountancy & Bookkeeping aim to make you aware and understand the basics of your tax and VAT,

with expert advice on tax returns and reclaimable VAT.

My FREE e-book is still available.

Tomorrow is our first FREE workshop of the month

Payables

Formally known as accounts payables.

There are some further updates on the Green Homes Grant.

Have you signed up to my email newsletters?

Don’t forget to register yourself as self employed.

Stay connected to your business.

In accounting there are a few terms and accounts used that refer to movements of assets by the owner.

Assets, usually in the form of cash or goods are given to or taken from the business.

 Is your energy supply contract approaching renewal? 

Fancy saving money but don’t know how to go about it?

October is fast approaching, which means that I will be holding Webinar events every Tuesday throughout the month.

The FSB is delighted to have secured a special discounted membership scheme with the Forest of Dean Council –

the first such council membership deal in the South West.

 What are overheads?

Overheads are expenses that are not directly related to making a product or providing a service.

Being part of a team and having the opportunity to be part of the recent Webinars and Workshops 

alongside some amazing business women has been truly wonderful!

Some very useful information regarding returning to work after being furloughed.

The word ‘net’ is often seen in front of another word.It indicates that the total of two or more amounts have been combined.

Helping people to navigate their way through bookkeeping is rewarding in itself and

to receive such positive feedback is the cherry on top!

Self-Employed workers have the chance to claim a final taxable SEISS grant.

🤔 Are you eligible?

Everybody loves saving money don't they?

Money

Often people think of money as cash in the form of coins and notes.

I am super excited to be able to offer you all the chance to get your hands on my new eBook.

Loss is the term used when business income is less than business expenses.

I have received some really lovely, positive feedback from the recent series of Bookkeeping Tip Workshops. 

Thank you! 

 I will be hosting another series throughout October. 

Arrange your free discovery call today. 

Ask questions and gain answers and find out how to get the support you need. - 

CONTANT PAGE: https://www.wallaceaccountancy.co.uk/contact

Some useful information for all parents whose kids may be returning to school over the coming weeks - Good luck!!

Liabilities are legal financial debts or commitments that occur during the course of business operations.

Journal Entry

A journal entry is the recording of a business transaction in the accounting records.

These kind words have made my day!

It's always lovely to be appreciated and knowing that I've helped lessened the anxieties that bookkeeping can cause is amazing! 

If you need help with your businesses bookkeeping please get in touch either here on Facebook or via my website.

Firstly it is important to remember that invoices are both sent out and received.

Some good news for families that benefit from government-funded childcare support.

Charges that are applied to money borrowed is referred to as Interest.

MULTITASK

Thank you to you too!

It’s easy to become confused and stressed over things that you don’t understand.

One of the best parts of my job is being able to explain and show you how to tackle the trickier aspects of bookkeeping!

Income: As with many words, the term ‘Income’ carries a couple of meanings.

We are running a series of short, exciting, informative FREE Webinars to help to simplify the in’s and out’s of Bookkeeping.

💥RECEIVE A FREE REVIEW 💥

I just love helping people in anyway that I can. 

With more of us working from home seeing our bills rising, I’m so happy to be able to offer this service and 

remove the stresses of switching so that savings can be made — feeling happy.

This method is used to calculate fixed, semi-variable and variable costs using limited data.

Some have heard of profit, but gross profit?

I am excited to now be able to help business owners to reduce their over all running costs, from accounting fees, utility bills and general expenses.

START CO-WORKING

Next weeks Webinar will be held on Tuesday at 8pm

Financial reports and statements are detailed records of the financial activities and position of a business.

Join me tonight for the first in a series of FREE workshops.

Helping people to understand the tricks to make bookkeeping easier and freeing up some of their precious free time is reward enough, 

but getting such lovely feedback is always so gratefully received
Thank you! — feeling joyful.

Some may think this is not important,

but having a filling system in place ensures organisation, efficiency and clarity.

👀 We have a series of short, exciting, informative FREE Webinars 

coming up to help to simplify the in’s and out’s of  Bookkeeping. 

The government’s new “Eat Out to Help Out” scheme will launch in August and 

give diners the opportunity to enjoy 50 per cent off their meals at participating restaurants.

Filling in forms can always be a little daunting! 🤯 

If you have any questions or queries it is always worth getting in touch 

☎️ 01594 447866

ATTENTION - all Holiday Let home owners!

Would you like to increase your profits? 

Silly question, Of course you would!

Please do get in touch with me to find out how we could save you money 

in one easy step and without you having to spend a penny! 

☎️ 01594 447866

Expenses.

💰 An expense is something that has been purchased or paid for that can be offset against taxable income.

I’d like to say a big THANK YOU to the Business Women in network for hosting my recent bookkeeping workshop.  

I’m glad we were able to help so many of you navigate your way through the ins & outs of bookkeeping!

As the workshop was such a success I will be running another one soon! 

Keep your eyes peeled for more information

GET EVERYONE INVOLVED!

Biggest saving yet!!!

Double-Entry 

What is it? 🤔

Double entry in bookkeeping, is when corresponding entries are entered as a debit and credit into the accounts.

I have really enjoyed being able to take part in our recent Zoom Webinars!

💰Credits and debits are often seen as income and expenses but this is not the case.

⏰ There is still time to secure tickets to our Webinar event happening this Monday from 10am.

💰 Cash flow refers to the money going in and out of the business over a given period.

This great feedback made me laugh!  

How many of you actually stick to working hours?! 

There always seems to be something that needs attention as and when you think of it, usually late evenings in my case! 

If I am available to help you out I’m more than happy to do so — feeling lucky.

Here at Wallace Accountancy we understand the stress that comes with managing all of your receipts and transactions and trying to collate all the data into one place. This is where our expertise comes in! 

Utilising over 5 years experience, we provide an extensive bookkeeping and data processing service for clients in Coleford, Gloucestershire and across the UK. 

Collating your data into an easy-to-read document, ensuring that you get the most out of your data. 

Send us a message Email info@wallaceaccountancy.co.uk or call ☎️ 01594 447866 to enquire further.

📖 A ‘cash book’ is an essential part of the business financial records.

I would like to say a big ‘THANK YOU’ to everyone at Ledbury & Newent Network

I've always wanted to be an accountant, I just love numbers

Do you find it difficult to work from home and having kids home 24/7? 

You are not really prepared for that.
Finding time to work while the kids are home wanting our attention has become the ‘new normal’.
It would be so nice to have some balance.
So, what can you do to find our balance and make working from home with the kids more manageable?

Here is our second tip for that:

The term ‘capital’ refers to assets or resources owned by the business that will aid in generating income and be used for further development of the business.

❤️ Receiving kind words like these really do mean the world to me!  

I’m all about saving you money, teaching you tips on how to do the basics and supporting you through the process of keeping your business accounts up to date. 

Even if you’re not new to the bookkeeping 'do’s and don’ts' it can be mind-blowing!  

Last week I was able to help someone save money on their utilities.

Bookkeeping For Your Business

Here is a simple one, what are bills?

What to do during quiet periods.⏰

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.

We want to say a massive thank you to Nikki

Nikki Knight Copy Editing & Proofreading

She recently ran a workshop for our support network, providing lots of helpful hints and tips around getting a CV to stand out from the crowd.

Inspirational speaker, very much looking forward to seeing more.

Good record keeping is essential for all businesses to be successful.

It is important to keep track of your business 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 what you want to spend your days doing. 

Let us help lighten the load!

To begin with, we organise an initial consultation to determine your needs and requirements, before collecting any receipts, invoices, and transactions. 

We then compile all of your information into accounts and reports, or alternatively an easy-to-use managing report to suit your needs.

The word balance is used more frequently than most, and carries many meanings.

In order to have balance, there needs to be equality, neither side can have too much or too little.

I’m really excited to add another service to my business to help my clients, friends and family save more money.  

I've partnered up with a FTSE 250, Which? magazine best buy company. 

Already being a customer myself, I'm looking forward to help others save on their home utility bills.

Send me a message if you want to find out more

Assets can be categorised into tangible and intangible assets. 

Things we can touch and things we cannot.

Do you find it difficult to work from home and having kids home 24/7?  
You are not really prepared for that. 
Finding time to work while the kids are home wanting your attention has become the ‘new normal’.

It would be so nice to have some balance.

So, what can you do to find your balance and make working from home with the kids more manageable?

Here is one tip for that: 

Feedback like this makes me so, so happy!

SAVE TIME WITH THESE 4 TOP TIPS! 

The Self-Employment Income Support Scheme has been extended! 

The terms alphabetical and alphanumeric are very similar and both refer to putting things in order.

It is now super easy to book in your free consultation call with me, at a time that suits you.

Many of you were already set up to work from home, but having the kids home 24/7 is not something you had prepared for.  

You already had a million and one things to do, but now there are more. 

More cooking, more cleaning, more family time and maybe even some home schooling.

Finding time to work while the kids are home wanting your attention has become the ‘new normal’. 

You are getting on with it but there must be a simpler way. 

It would be so nice to have some balance.
So, what can you do to find your balance and make working from home with the kids more manageable?

When navigating the world of ‘Bookkeeping’, there are many terms which are commonly used within the finance industry.

📈Accounting. What does it mean?

Some more great feedback received recently from a client I helped 🙌

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

I loved being a guest speaker at MIBA Networking Forest Of Dean this week.

I love being able to give help and advice wherever I can.

Knowing that I make a difference and receiving lovely feedback like this 

makes it all worthwhile

These last few months have been so tough for everyone and 

a real struggle for lots of small businesses trying to survive.

If your business has been affected by coronavirus 

you can defer the July payment on your self assessment account.

This will be really helpful for lots of small businesses.

Have you started a business from home recently? 

Or are you now thinking about it?

This is my workspace at home 🏠

Take a look at this video to find out!

I am here to help you achieve a better work/life balance.

Do you keep your business receipts in a shoebox?

If you do it will COST YOU MONEY 💰

Here's one of the reasons why.....

What happens when you reach out to me for help with your business accountancy and bookkeeping?

Council to launch Discretionary Business Grants on 1 June

If you do it will COST YOU MONEY 💰

Here's one of the reasons why.....

Have you signed up to my email newsletters? You can choose to receive news on just the topics you are interested in:

⚖️Work/Life Balance
⏰More Time
Less Stress
All news and updates

You can even choose the frequency of emails ✅

Click on the link to sign up
https://www.wallaceaccountancy.co.uk/newsletter

How to avoid shoebox full of receipts? 

I was honoured to be a guest speaker at 

the MIBA Networking Gloucestershire networking meeting last week.
I spoke about why having a shoebox full of receipts is
a BIG mistake and could be costing you money.
Take a look at my latest blog post to find out more and
please get in touch if you have any questions
https://www.wallaceaccountancy.co.uk/b/why-having-a-shoebox…

I'm so thrilled to of received this wonderful review. 

I'm not going to lie, I couldn't be happier.
I'm so pleased I've made a difference.
When it comes to business finances, helping others feel less stressed is what I aim to do.
MISSION ACCOMPLISHED .
Anyone else having a good week?

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

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

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

YOU 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.

Are you still struggling to find out if you are eligible for any financial support during this time?

Hopefully this will help to make things clearer for you.

If you are not eligible for money under the Self-Employment Income Support Scheme,
you may still be able to get other forms of help. Visit GOV.UK to see what other support is available.

Link to the article. 

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. You just want 5 minutes to

make a quick phone call or to send a quick email.

What are you doing wrong, why won’t your kids let you work?

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

ESSENTIAL GUIDE TO CHOOSING A BOOKKEEPER

Choosing a Bookkeeper is an important task, as a business owner you are inviting another person into your lives. 

It is therefore essential that you consider your options carefully and choose the right person for the job!

Finding time to do bookkeeping is at the bottom of most people's to do list. ‍

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.

Here is are the top 5 advantages of running your own business from home.

MANAGE YOUR OWN SCHEDULE 

The main advantage to running  your own business from  home, is you get to choose when and how much time you spend on
your business.

Your work schedule can be flexible to meet your needs and will likely allow you to work around  your family. 

Having flexibility, brings reduced stress and more freedom.

You can decide if you spend a day and evening an hour a week on your business. 

Do what is right for you.

DO SOMETHING YOU LOVE

Do you have a passion, a hobby that you wish to explore? 

Is it something that you could get paid for? 

Often people find inspiration from what they enjoy doing most. 

If you love making and creating something why not get online and start selling.

Having a dream, a  passion will drive and motivate you. 

They people that enjoy their job and enjoy what they are doing are more likely to succeed.

EXTRA INCOME

If you  are driven you  will likely succeed. 

Anything you spend on your business can be deducted from your income to reduce your tax bill. 

Even tools and equipment purchased up to 7 years prior to starting up can be deducted as pre trade expenses.
So, if  you started reconnecting with  any hobbies, now might be the time to start getting paid for your talents.

Working from home means you have minimal outgoings. 

If you spend money  on materials, you should get the money back when sell your finished product.

If you sell services you might have limited outgoings, like licences, memberships and insurance.
Way up your potential income  and predicted expenses to see if it's worth your time.

YOU ARE YOUR OWN BOSS

No more having to ask for time off, or asking to start late of finished early. 

You choose what time you start work, what time you finish and how long your breaks are. 
You decide  what tasks are  important to you right now, what needs to be scheduled in and what can be delegated. 

Being able to managing your own work load means deciding how to  best serve your  business. 

No one telling you what to do. 

It is your business, your baby. 

You know best!

TAX BENEFITS

There are tax benefits to running your own business from home. 

You will save on paying for a business premises and can offset the costs of  equipment tools services purchased or used within the business. 

Many find they already have the tools and materials needed to make their creations. If you are using them for your work then it can likely be claimed through business expenses, so make sure that you account for everything.

Working from  home means you  can even claim a proportion of your household bills as a business expense. 

If one out of six rooms are being used as your office or work station, then your  business can pay for 1/6 of  
your household bills. 

This includes things like rent, electric and water bills.
In the event of making a loss,  you can offset this against any other taxable income or carry it forward to reduce future business income.

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. 

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.