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The SEISS scheme introduced by the government in 2020 following the lockdown has been extended to September 2021 with a fourth and fifth grant. The self employed who will be eligible for the scheme will be contacted by…
The government has introduced the Help to grow scheme to help businesses out of the covid situation. It is a business recovery program that will help small and medium sized businesses across the UK to learn new skills,…
5 Steps of Preventing Expense Fraud Consider the following expense fraud schemes; air ticket fare for a cancelled flight, payment for unsupplied tenders. Shocker! Right? While it’s easy to imagine a few pounds here and there won’t hurt, expense…
Let’s face it _ accounting should be left for accountants. It often feels like their jargon needs translating. Other than accountants, who else uses accrual? Should your business use cash or accrual-based accounting? These are fair questions. Yet,…
Are you thinking ahead? What next? Revenue recognition standards not only affect publicly traded corporations and large private companies. It could also impact small businesses, especially if they have plans to get more funding. What is Revenue Recognition?…
In recent years, managing pensions by payroll managers has become burdensome. Majorly, it is contributed to by auto-enrolment regulations and administration challenges. UK laws illustrate that every company must enrol all legitimate employees into an amicable pension program.…
Cloud Accounting Desktop accounting software is gradually becoming a thing of the past. Big and small businesses are now looking to have cloud-based accounting solutions for bookkeeping, payroll, statutory accounts and filing tax returns. Take control with Ernest…
Getting a clear picture of your business finances starts with having the essentials in place. Typically, perfect bookkeeping is a fundamental aspect of success for any business. That is why Ernest & Co Accountants will work with you…
The Economic Implications of Budgeting and Cashflows It is a new decade; the year is still fresh. You, as a business owner, are wondering how much financing you will require this year? Where will the money come from,…
Applications for the third SEISS grant will open on the 30th Nov 2020. HMRC has updated its HMRC Publication to indicate the eligibility criteria. Unfortunately not much has changed with regards to the original criteria. Hence those not eligible for…
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