Cloud Accounting

Is your bookkeeping “acting” up?

You didn’t become a musician or an actor or a freelance performer to be able to sit there and do paperwork, did you? Unfortunately, as with all self-employed businesses, paperwork is a key aspect, and accounts and tend to run our lives at certain times of the year. Many of us struggle with the amount […]

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5 tips for SMEs to protect cash flow

SMEs suffering from late payments often find themselves facing huge tax bills, forcing them to dip into their cash reserves. Here are 5 tips for SMEs to combat a cash flow crisis: – The world is being transformed by the digital revolution, and so too is the accounting industry. Embracing the digital transformation is simply

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Fintech’s are transforming the role of Accountants!

Deregulation and new technology are transforming the way in which businesses manage their money and finances. The accountant world is about to have an overhaul – new technology, new software and new regulations! The traditional, cautious accountant is set for a shake-up! New opportunities for businesses with be created by the introduction and utilisation of

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A Start-up’s Guide to Cloud Accounting

No matter what your industry, as a start-up you’ll have a million and one things to do in order to get your business up and running. So, finding time to devote to accounting and financial matters probably isn’t on top of your to-do list. However, submitting annual accounts is mandatory for any business and being

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What are the benefits of working with an Accountant specialising in Tech Start-ups?

Technology startups are taking over the world, and here at Broadwing Accountancy we believe this can only be a good thing! In the UK and across the globe, the innovation coming out of tech startups is astonishing, and it will only continue to grow. At Broadwing Accountancy, we have been working with Tech Start-ups, SME’s

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Business Process Outsourcing: could it help my small business?

Outsourcing is no longer for just big businesses, it could help you run your start-up more efficiently and save you time and money long term. Many businesses in today’s markets are outsourcing business support roles, also known as business process outsourcing (BPO), including Lloyds, HSBC, British Airways and Carlsberg. Outsourcing is becoming more accessible to

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5 undervalued benefits of outsourcing your small business bookkeeping

Outsourcing your small business bookkeeping has never been easier or more compelling than it is today. The expansion of online technology in general, and of cloud computing in particular, has drastically changed the way we all do business. Finding, contacting, and ultimately working with those services that can help your company run more smoothly—and generate a

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What you need to look for if you’re outsourcing your accounts

Outsourcing can benefit small business by saving time and costs. So, what should you look at for? In small businesses, the accounts function often tends to stay in-house and it can be quite a dilemma to consider outsourcing it. Many businesses only ever consider the cost implications and not the benefits when considering outsourcing, which

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I’m a sole trader; surely, I won’t need to submit 4 tax returns in a year?

Making Tax Digital is HMRC’s idea that both businesses big and small will make fewer errors if they maintain their records more regularly. HMRC are aware many small businesses only write their books up once a year when demanded by their accountants. They also believe that this lack of regular bookkeeping is losing tax for the Treasury

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