Posts by Choice Bookkeeping

What is best for your New Business?

Setting up in Business, and confused about whether you should opt for Sole Trader, Limited Company status, or a Partnership? Read below. Sole Trader This is generally the simplest option, and the route many take, especially when starting up. Effectively, you are the business – from a tax and legal perspective! You are personally responsible for running the business, and you decide if and when you want to stop operating. You are also personally responsible for any debt the business may incur. Some of the benefits include: Setting up is very simple – you can simply register online with HMRC,
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Virtual Mailboxes

Expost - Virtual Mailboxes Expost is the leading provider of virtual mailboxes in the UK serving over 3000 customers. Do you run your business from home?  Having to give customers your private address is not ideal. Because  If you are a Limited company your home address is published on company’s house.  So to avoid this a virtual mailbox will be the answer Expost can offer you the security of a virtual mailbox at a genuine UK address, without exposing you to the dangers of criminals.  Because limited company must publish their registered office and director’s correspondence address online and is
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Quickbooks vs Excel – what will be best for MTD?

  Quickbooks vs Excel – what will be best for MTD?     Making Tax Digital is nearly on us! If your business isn’t ready yet, then there are certain steps you will need to consider. Why not check out our MTD blog here. Working out how you are going to report to HMRC each quarter is a very important decision, as it will all need to be electronic. Yes, you can use an Excel spreadsheet, but that comes with a few issues. Cloud-based software such as Quickbooks is a much better idea. Here are some reasons why you should switch
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Making Tax Digital From April 19

Making Tax Digital Are you going to be ready? The big thing to think about after 31st January (the self assessment tax return deadline) is Making Tax Digital (MTD), which is being rolled out for businesses in the UK from April 2019. What does this mean for your business? HMRC are making the change to a fully digital system, which means that VAT returns and accounts will all need to be done electronically. If you are currently using a cloud-based software program such as Quickbooks and Xero, the good news is that there isn’t too much for you to worry
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Work Christmas Parties – What you need to know

Work Christmas Parties - What you need to know So it is nearly time to put up the tree and make sure your staff are looked after this Christmas. Are you organising, and paying for, a work Christmas Party for your staff? If so, there are National Insurance and HM Revenue and Customs (HMRC) reporting obligations to think about! What do I need to Report? What you need to report and pay depends on: if it’s an annual event if it’s open to all of your employees if it costs more than £150 per head how many events you provide
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How will Making Tax Digital (MTD) affect my Business?

How will Making Tax Digital (MTD) affect my Business? You will have heard Making Tax Digital (or MTD) bandied around a lot recently in business circles, but what is it, and how will it affect you and your business? Read on for more! What is it? MTD is going to be the biggest change to the way taxes in the UK have been managed in a long time.  HMRC need to move to a fully digital system, meaning that going forward, VAT returns will all need to be done electronically. What are the benefits? By changing the way records are
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New App is Now In your App Store

Our new Choice Bookkeeping App is now in your App Store Choice Bookkeeping have developed a new app for Apple and android devices. The really great news is that it is free! Need to keep all your finance matters in the one place?  This is the best way to do it.  Combining a mileage tracker with Receipt bank (an online receipt storage system that will save and store all your paper receipts in an electronic, easy to read format), as well as having an invoicing and expense system all in one place can save you time and money by making
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New Partnership with Tide banking solution

Better business banking with Tide & Choice Bookkeeping Choice Bookkeeping is pleased to announce our new partnership with TIDE. "We’re not a bank. We’re better We’re building a modern banking service to give time back to our members and their business advisors. Tide is about doing more of what you love. Get back to what’s important – we’ll take care of the rest."   "Tide is about doing what you love We believe the world would be a better place if more people gave it a shot. It’s why we’re building modern business banking that gives time back to people
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