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MPs urge caution over IR35 tax reforms

MPs have issued a warning to the government that it needs to keep a close eye on the upcoming IR35 reforms to the tax system, and how they affect private companies.

These changes were (more…)

How to take cash out of your business

While the prospect of having a surplus of money sitting in your business account is certainly not the worst problem a company can have, deciding what the best option for it is can still be an issue. The chances are that (more…)

Late payment concerns for contractors revealed by research

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Business property relief – what is it?

The basics

Business property relief is a tax exemption that can be extremely useful to business owners, and yet many people who run their own business remain unaware of what it is and how it can be of financial benefit (more…)

Contractors warned about PSC tax avoidance

Contractors who were hoping to be able to avoid the upcoming disguised remuneration loan charge through the use of a scheme involving a personal service company (PSC) have been warned against this by HMRC. (more…)

ACCOUNTING ON THE GO – DOWNLOAD OUR FREE APP

 

Wainwrights Accountants is one of the first accountancy practices on the Wirral to launch a free mobile app.  The great news is that this app can be downloaded on the go to your iPhone, iPad or Android device.  It is packed full of practical tax calculators, a receipt scanner and important financial dates, all of which you will be able to access for free, anywhere you have an internet connection on your device.

 

Get your free Wainwrights Accountants App here:

 

What will our app do for you?

We have designed this app in response to the growing use of smart phones used by our clients.  We wanted to develop a way to keep you up to date with the latest news, views and tips on the go.

Never lose a receipt again – using the receipt management tool

Using the latest app, you can track receipts and expenses at the touch of a button. Take a picture of any receipt and save it to your app, the receipts can be stored by amount, category, and date. It will help you track all your expenses with ease and enable us to interact digitally with you.

Keep track of journeys using the GPS mileage tracker logbook

When it comes to mileage tracking, half the battle is keeping an accurate tab on your journeys. Using the built-in GPS on your device, it will automatically help you to track mileage, helping you to record your trips at the touch of a button. Moreover, it manages your trips as well, by storing and allowing you to view, edit or email them with complete ease.

Keeping in touch via ‘Push Notifications’:

Here at Wainwrights we are committed to finding ways to efficiently communicate and interact with all our clients. Our new app,  enables us to send push notifications to all app users.  We will be using this feature to share important news, deadline reminders and financial updates with you.

We have put invaluable tools and features such as calculators, mileage logbooks, receipt and income management, instant access to the latest financial news and information and valuable company info, directly from us. With all these features in one place, our app will likely be your go-to tool in the future.

Why did we develop our own App?

We believe through being proactive, forward thinking accountants, helping companies and individuals to become more successful and more profitable, our app gives you a variety of content to maintain at the forefront of accountancy.

 

We hope you enjoy the new Wainwrights Accountants App!

Seven days needed for Making Tax Digital VAT registration

HMRC has provided further details about its forthcoming Making Tax Digital changes, revealing that any contractor who pays (more…)

IR35 reforms for contractors coming to the private sector

The IR35 tax reforms that are being introduced by HMRC have moved a step closer to being rolled out to firms in the private sector, following the publishing of a second consultation on this last week.

In this latest consultation (more…)

How to find good accountants in Liverpool

There are many reasons why business owners and the self-employed need the services of an accountant. They can lessen tax liability, help improve cash flow, help write business plans, sort out the new Making Tax Digital requirements and much more. So, how do you find good accountants in Liverpool?

Location

You may prefer to have an accountant based in Liverpool. Although communication between you and your accountant can be done through phone, letters and email, sometimes it is beneficial to meet face to face, which makes finding a local accountant important.

Qualifications

Chartered accountants are highly qualified professionals who have completed a degree level training and are subject to professional standard requirements.

You could save money by using a bookkeeper, but they will not have the breadth of financial knowledge of an accountant. If you want your company to grow, you will need the expert advice of an accountant. You may want detailed business plans with sales forecasts in order to get a loan or investment, or need to purchase new premises and equipment. These are many financial decisions to make when running a successful company. An accountant can help you make informed financial decisions.

Relevant experience

It is useful to use an accountant that has knowledge of your business sector. For example medical companies, doctors and dentists need an accountant who is familiar with NHS pensions and other financial issues in the health sector.

If you own a large company, you need an accountant who has experience with large company finances.

You can ask an account for a list of their clients to confirm that they have experience relevant to your business.

Recommendations

You can talk to business contacts and other business owners about which accountant they use and recommend.

At networking events, ask fellow business owners about the accountants in Liverpool they recommend.

Social

Ask your LinkedIn and Facebook connections about who they use. Many accountants have social media accounts, so check them out to get a sense of what they are like.

Face-to-face

When you have found what appears to be a good accountant, arrange a meeting to talk to them in person. Your relationship with your accountant can be a long one, so it helps to hire one that you get along with. At a face-to-face meeting you can establish if the accountant understands your business and its financial structure.

Fees

All accountants in Liverpool charge fees, some more than others, so don’t necessarily go for the cheapest accountant you can find. It is worth paying extra for a better accountant, especially if they can save you tax payments, and improve the financial stability of your business. The extra money you pay a top accountant can be recouped in the money they can save and the extra profits they can help you generate.

The are many accountants in Liverpool, and that’s not surprising when as a metropolitan area, it has a population in excess of two million. It is important to choose the best one for you and your business.

UK tech start-ups increase by 14%

Last year, the number of UK-based tech start-ups rose by 14 percent overall. (more…)

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