Bookkeeping can often be seen as a time-consuming chore; unquestionably vital for running a successful business but a chore nonetheless. Even with easy to use online accounting solutions like Xero and Quickbooks, it appears to be a fast and simple job to get transactions entered into...

The short answer: If your business exceeds a taxable turnover of £85,000 then yes, you will need to register for VAT. Understandably, there is often misinterpretation over what actually counts towards this figure and when it applies. To clarify: Your business will need to register for VAT if...

On Wednesday 12thAugust, Chancellor Rishi Sunak confirmed what we were all expecting, that the UK is now officially in recession.   The coronavirus lockdown measures caused the economy to shrink by 20.4%, between April and June compared to the first three months of the year. This has pushed...

If you’ve been following our recent posts, you’ll know we’ve been working flat out to ensure our guidance is up to date in accordance with how the Government continues to respond to the ongoing Covid-19 situation. Whilst here at Link Accounting we specialise in limited businesses...

Hello to anyone reading this.  The Chancellor has just made his announcement around the support package available for the self-employed (which includes partnerships). I have already been taking calls/emails/Whatsapps etc (you name it) from clients and also friends who know me as 'their mate who deals...