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Quickbooks: Banking Tab Updates
  • Quickbooks: Banking Tab Updates

Some Quickbooks users may have noticed that over the last couple of months that the banking tab is looking a little different. There have been a few changes to help make managing transactions even easier.As well as some obvious cosmetic differences, there are a few new features that you may have missed: 1. Simplification of…Read More

Posted in: Helpful Tips | QuickBooks

The firm of the Future: The modern-day accountants
  • The firm of the Future: The modern-day accountants

Coming into PJCO I had very little knowledge on what an accountancy firm looked like and ran however from being here for only a few days I have already been shown just how different my expectations were. Before coming to PJCO I believed that accountancy was just for processing all the numbers on an outdated…Read More

Posted in: Companies | Helpful Tips | MTD | QuickBooks | Staff

Work Experience with PJCO
  • Work Experience with PJCO

I’ve had the honour to spend the last few days taking part in work experience at PJCO and have learnt so much from so many amazing characters in such a short time. Before arriving, I had very little idea what an accountant did or how an accountancy firm would operate. I’ve gained so much knowledge on finance, tax, national insurance, marketing and advertisement, software, and…Read More

Posted in: Community | Guest | Staff | University

VAT Flat Rate Scheme
  • VAT Flat Rate Scheme

With the VAT flat rate scheme, you pay a fixed amount of VAT on yourgross turnover, the actual percentage you use will depend on the typeof business.To start using the Flat Rate Scheme your businesses taxable turnoverhas to be £150,000 or less.You must leave the scheme if your turnover is over £230,000 includingVAT.You will then…Read More

Posted in: Tax | VAT

  • The next step for MTD

It’s a digital world – The next step for MTD We have already had the first big move in Making Tax Digital, with the transition of nearly all VAT registered companies with a turnover of over £85,000 being forced onto digital software such as QuickBooks or being made to use bridging software, keeping an online…Read More

Posted in: COVID-19 | MTD | News | QuickBooks | Tax | VAT

VAT changes
  • VAT changes

What has happened? On the 8th July 2020, the UK government announced that it would be introducing a temporary reduction in the rate of VAT for certain supplies of hospitality, holiday & hotel accommodation and admissions to certain attractions. They will be slicing the rate of VAT payable from the normal standard rate of 20%…Read More

Posted in: Companies | COVID-19 | Helpful Tips | News | Tax | VAT

Flexible Furlough For Directors
  • Flexible Furlough For Directors

Up until now, company directors have been able to furlough themselves and carry on doing their director duties, provided they are doing no income-generating activities. This is still the case, however, with the introduction of a new phase of the furlough scheme, they may wish to consider the option of ‘Flexible Furlough’. Here we explain…Read More

Posted in: Companies | COVID-19 | Helpful Tips | News

SEISS-The second Grant
  • SEISS-The second Grant

The Self Employed Income Support Scheme (SEISS) was first introduced to assist sole traders and those in a partnership who had been adversely affected by Covid-19. The scheme offered a grant worth 80% of average monthly trading profits for a three month period, paid in a single instalment and capped at a total of £7,500.…Read More

Posted in: Benefits | COVID-19 | Helpful Tips | News | Tax

Using classes in QuickBooks
  • Using classes in QuickBooks

‘Classes’ is a feature of QuickBooks Plus in which transactions can be tracked by departments, product lines, customers, or any other segment of your business you’d like to keep track of. This is a useful feature for those businesses that would like to keep an eye on expense, income, and profit of certain segments of…Read More

Posted in: Companies | Helpful Tips | QuickBooks

Restarting your deferred VAT in seconds!
  • Restarting your deferred VAT in seconds!

As you might have seen, HMRC has now ended their deferral of VAT payments and as such, you may now wish to reinstate your direct debit payments. Unfortunately, HMRC has removed the ability for us to set this up on your behalf, however, it is relatively straightforward for you to do now. Firstly, you will…Read More

Posted in: Benefits | Helpful Tips | News | Tax | VAT

QuickBooks Update – Construction Industry Scheme.
  • QuickBooks Update – Construction Industry Scheme.

File CIS returns The accounting industry has been evolving for the last 20 years, adapting to the new digital age. Cloud accounting is the practice of using accounting systems that are accessed online; this has been implemented for a variety of accounting purposes, giving us business owners easy access, better time efficiency, relevant reports and…Read More

Posted in: CIS | Companies | Helpful Tips | QuickBooks

The end of Furlough?
  • The end of Furlough?

The Coronavirus Job Retention Scheme – The End of Furlough? On the 29th of May, the chancellor announced some major new updates to the Coronavirus Job Retention Scheme to help get businesses back on their feet and employees back to work. Here we outline the latest changes and highlight what you need to know. Deadline…Read More

Posted in: Benefits | Companies | Loans | News

Rollover relief
  • Rollover relief

Replacement of business asset relief Rollover relief (ROR) allows the gain arising on the disposal of a qualifying business asset to be rolled over (i.e deferred) when the sale proceeds are reinvested in a qualifying replacement asset within a qualifying time period. This relief is both available to individuals and companies. For individuals   The…Read More

Posted in: Allowance | Companies | Helpful Tips | Tax

COVID-19 the numbers
  • COVID-19 the numbers

The numbers behind the covid-19 pandemic The Coronavirus has pushed the world into a downward financial spiral and plagued global societies with financial uncertainty, loss and great sadness. Many international governments and health organisations are doing all they can to not only stop the spread but to also provide support and stability to those also…Read More

Posted in: Companies | News

Cash Flow
  • Cash Flow

Look after your cash flow and it will look after your business More so now than ever, cash is extremely important to the success of your business. As we slowly come out of COVID 19, it will be vital to make sure you are making the most of your cash reserves, support loans and managing…Read More

Posted in: Companies | Helpful Tips | Loans | QuickBooks | Tax | VAT

Charles Lyell

Never call an accountant a credit to his profession; a good accountant is a debit to his profession.

Charles Lyell