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Archive for the ‘Bookkeeping’ Category

Price wars between Quickbooks and Xero – good news for small businesses

On the day that Xero have increased their pricing plans, Quickbooks have launched a 4-day price drop. This could be the ideal time to sign-up to this online accounting software. A package which includes unlimited invoices and automatic importing of transactions from your bank costs just £5.00 plus VAT for the next 6 months. Quickbooks[...] Read more »

QuickBooks and GoCardless integration makes accounting even easier!

One of the keys to being an efficient business is ensuring that managing your financial information is as simple and painless as possible.  The more integrated your systems, the smoother the transition from invoice, to payment, to financial recording. Here at Coastal Tax we are working very closely with QuickBooks, and so it is great[...] Read more »

Cloud accountancy is on the rise.

Since its first roots in 2005 cloud accounting has really taken off, with key companies like Xero, Clearbooks, Sage and Quickbooks all offering online services that can make the life of small business owners considerably easier. Xero in particular has been lauded as it recently achieved 500,000 clients. Michael Wood of Receipt Bank, in his[...] Read more »

Are you an easy target for the taxman?

Accountancy firms are naturally keen to promote their success in saving their self-assessment clients money in their tax returns. Certainly from the point of view of an individual with complex tax affairs, or a sole trader, this is a key reason for employing a good accountant. You don’t want to pay any more tax than[...] Read more »

Congratulations to Clearbooks!

Congratulations to Clearbooks online accounting software on their recent crowdfunding success. Here at Coastal Tax we use Clearbooks as our main UK online supplier of accounting software. We also support Wave and Xero cloud accounting software. All these would be an excellent choice for business start ups for day to day control as well as[...] Read more »

Working Tax Credits for Self Employed

WORKING TAX CREDIT –  SELF EMPLOYED Update your information by the 31st July – Make sure your accountant has completed your tax return and that you have provided all the relevant information. HMRC Tax Credits Helpline on 0345 300 3900 It’s an oft-held criticism that some people are better off on benefits than working. The[...] Read more »

Accounting up in the clouds

It’s no surprise that accountants and business owners alike are turning to online software to keep accounts simple, reliable and at a low cost. There are quite a few decent tools out there to help you become more efficient with your bookkeeping. What is cloud accounting? Cloud accounting means you don’t need to install software[...] Read more »

Welcome to Coastal Tax & Accountancy’s brand new blog

First of all, thanks for reading our blog, we hope you’ll find it useful! The aim of this blog is to keep you up to date with accounting and tax related issues and how they might affect your business. As well as keeping you informed of HMRC’s latest advice and news, we’re preparing a series[...] Read more »