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How much or how little can an Accountant do for me?

Due to old stereotypes, there are a lot of misconceptions about the purpose of an Accountant, and how much support we can give you. Do any of these sound familiar?An Accountant is just the person you see once a year who helps you get things straight with HMRC. When you grow as a business you should get your own in-house bookkeeper or finance team Only big companies need (and can afford) accountants It’s all or nothing with an accountant. You either get a cheap accountant for a t...

November 11, 2020

To achieve significant growth, you need to be honest about your starting point

Who would like a business that operates without them, runs like clockwork and makes more money? The question really is, who wouldn’t? To begin growing a business that functions like this, we must be honest about, and analyse our starting point.  Recently we ran an interactive webinar called The Step Change to Significant Business Growth. In the session we talked through a 10 step framework to enable you to thrive as we emerge from lockdown.  Many of the problems people are facing in ...

October 30, 2020

The Step Change to Significant Business Growth

This could of easily been another of those blogs looking backwards and sharing the impact of Covid-19. However, that would of held no surprises for any of us and we prefer to help our clients look forward with reliable financial information to support their critical decision making. With the lockdown restrictions starting to ease and an appearance of some light at the end of the tunnel, for now, many businesses are into the planning stage. Moving from the firefighting and panic phase of a crisi...

August 18, 2020

Change is scary pt 2: Changing accounting software and seeing your numbers for the first time

We recently wrote about a blog all about how scary change can be, especially when you’re thinking of switching accountants. Today we want to talk about another big change you might be putting off - switching to a better accounting software. Your choice of accounting software is about more than just the bells and whistles of its features. It can be the difference between being fully in control of your business, or flying by the seat of your pants.  When you don’t have access to your key ...

August 5, 2020

Change is scary - How you can overcome the fear of switching accountants

Like most business owners, you’re busy. You’ve got a thousand things on your to do list and you’re not sure how you’re going to get around to doing any of them. The idea of adding to that never-ending list seems crazy.  So when things aren’t working out with your accountant, and you’re struggling on the financial side of things - you push it back down the list. Even though it’s painful. Even though it might be necessary.  We get that. Boy do we get it. In the grand scheme...

July 31, 2020

Back to Business as Usual?

Lockdown has been (and remains) a tough time for business. For business owners, it is hard to predict when things will return to normal. Even as the lockdown measures ease, there is still a huge amount of uncertainty about when customers will come back and if the marketplace will still support your business. Many businesses are wondering if they’ll be able to recover. The anxiety driven by so much personal and professional uncertainty is still very real. Having to shut your business at short n...

July 23, 2020

What you need to do as a Construction Industry Scheme (CIS) Subcontractor - Part 2

Here’s the second part of our Construction Industry scheme (CIS) blog. Our first blog covered the basics around the CIS, in this blog we focus on Gross Payment status as its an area that often causes some confusion. ...

July 1, 2020

What you need to do as a Construction Industry Scheme (CIS) Subcontractor - Part 1

To get paid the right amount by a contractor, make sure you give them the same legal name or trading name you gave when you registered for the Construction Industry Scheme (CIS). You should also give them your Unique Taxpayer Reference (UTR) so they can verify you, and your National Insurance Number if you are a sole trader  If you don’t, this could affect how much you get paid. And your contractors are busy people – the chances are they’re too busy to chase you for the...

July 1, 2020

Mike Foster joins the Total team

Mike's role in the Total team is to work closely with Ann to deliver our business advisory support.  As a mentor, Mike supports clients to make change and develop their business. He helps them to visualise what they want, plan how to best achieve that and execute the plan with motivation. He keeps clients accountable to the priority actions, that they have agreed, to actually make the desired difference.  We have first hand experience of just how effective this support can be, having ...

June 24, 2020

What if I’ve set payment terms, but I’m still not getting paid on time?

Poor cash flow can be as devastating to a business as poor sales.  As a small business it’s all too easy to let your 30 day payment terms stretch into 40, 50, or beyond 60 days. You find your credit control turns into ‘credit out of control’.  We’ve seen it many times. A really great company, with a great service, always willing to be helpful unfortunately goes under due to cash problems.  We won’t sugar coat it - we know asking for money is hard  It’s a difficult...

June 22, 2020

Coronavirus Job Retention Scheme (CJRS) Important Updates

The Government has announced some important changes to the Coronavirus Job Retention Scheme (CJRS) which all employers who have staff still on furlough or who are still contemplating putting staff on furlough, need to take note of 10th June 2020 The CJRS will close to new entrants from 30‌‌th June. From this point onwards, you will only be able to furlough employees that you have furloughed for a full three-week period prior to 30th June. This means that the final date that you can furlough ...

June 15, 2020

Coronavirus Job Retention Scheme (CJRS Part 2)

Another week and another update !!! We appreciate this information keeps on coming but we are doing are best to filter it so you only get the important bits landing in your inbox. If you don't have any Furloughed employees then you don't need to read this :-)  Following on from our previous newsletter on 2nd June 2020 the Government has announced some further updates to the Coronavirus Job Retention Scheme (CJRS). The guidance was updated on the 12th June to include details of how the sche...

June 15, 2020

Discretionary Grant Scheme

Yes, here is yet more information on grants available BUT if you have received grant funding from the Self Employment Income Support Scheme, Small Business Grant Fund, Retail, Hospitality and Leisure Grant etc etc then it’s probably not worth reading on as you will not be eligible for this Discretionary grant.   However, if you are a small business (self-employed, sole trader or limited company) that has slipped through the net and not received any Government funding then read on&hellip...

May 26, 2020

Investment Property Expenses - Repair or Improvement?

An investment property is defined in the Glossary to Financial Reporting Standard FRS102 as: “Property (land or a building, or part of a building, or both) held by the owner (or by the lessee under a finance lease) to earn rentals (regular income) or for capital appreciation or both” Property which is held for use in the ordinary course of business (i.e. for the production or supply of goods or services or to perform administrative processes) will not meet the definition of invest...

May 18, 2020

Oh No! Not another Covid-19 Blog!

Confused about all the Covid-19 information that’s out there ? We certainly have found it difficult to keep up with everything ‘Covid-19’ related but help is at hand. Click on the link and you’ll get our free ‘really useful guide’ to all things Covid-19 related. Yes, there's lots of content in it, but it has links to all the really useful websites………….and it even has a Wellness section to help you through these strange times....

May 15, 2020

Self-Employment Income Support Scheme

Some more good news, this time for our self-employed friends. The Government has now opened the Self-Employment Income Support Scheme (SEISS) . Yes, yet another acronym!  This scheme was originally announced as going live in June but has been brought forward. It is a grant, not a loan, so will not have to be repaid. It is classed as an Income though and will be subject to Income Tax and Self Employed National Insurance....

May 14, 2020

8 Different C-Words

We know that everyone is really starting to be worn down by all the Covid-19 emails and blogs popping up right now, we get it. Everyone is trying to pump the same information and it can get a little boring. Whilst we will continue to update you, we will also aim to ensure the information provided is relevant and will help and support you manage through this uncertain time. That said we also want to try and keep things as normal as possible and give you useful advise that you can use long after M...

May 13, 2020

Bounce Back Loan Scheme

Good news, the government has today (4th May 2020) opened the ‘Bounce Back Loan Scheme – BBLS, thats another acronym we will have to get familiar with! The scheme is designed to help small and medium-sized businesses to borrow from £2,000 up to 25% of their business’ turnover. The maximum loan amount is £50,000. Remember though this is a loan and not a grant, so it has to be repaid. The borrower remains 100% liable for the debt. Having said that, there are some positives.The governm...

May 7, 2020

The Bounce - #2.6

Recently, 26th April 2020, our very own Ann and Andy decided they would travel back in time to their childhood and bounce around town, literally. They decided it would be a good idea to use Space Hoppers as they “tried” to bounce for the #twopointsixchallenge. They started route from the Rochester Wisdom Hospice Shop to the Wisdom Hospice and then back. It also just so happened that coincidentally that route was 2.6 miles (google map it if you don’t believe us)....

May 6, 2020

COVID-19: The Latest - CJRS & CBILS

This is what many employers have come to know as the Furloughed workers scheme. Guidance for the scheme has been updated by HMRC and now provides more detailed information. This includes more information about who is able to claim under the scheme and what it means to furlough an employee.  The new guidance suggests employers seek legal advice to ensure that you have performed the process correctly within the current employment laws, as it may affect your ability to make a successful claim ...

April 20, 2020

UPDATE!

This year has started off in a bit of a whirlwind. As well as staring work with some great new clients, we have managed to move office, gained two new members of the team and our new website has gone live! We are planning some online training, we’ve brought in someone to further support our clients and guess what? We wouldn’t have it any other way! Ann is still training and still running too, but we will get into that....

April 16, 2020

Kent Women in Business Awards 2019

We were honoured to be in a room full of women on Friday night, on International Women’s Day, celebrating our achievements in business.The team was shortlisted in two categories at the KWIB Awards held at The Great Danes Hotel in Maidstone.We were thrilled to bring home two lovely certificates!Runner-up - Service ExcellenceFinalist - Business Woman of the Year category.It's a great accolade for the wonderful team here!...

March 20, 2019

Total Accounting Kent showcased in the Parliamentary Review

We're pleased to announce that we've been included in the March Parliamentary Review – Accountancy & Financial Services edition.The publication is shared with 35,000 MPs, Peers at the House of Lords, Chief Executives, Managing Directors, Independent Financial Advisors and Accountants, Executives at Government Agencies and Investment Banking, Retail Banking, Asset Management, Insurance and many more leaders and policy decision makers.With chairmen Lord Blunkett and Lord Pickles introducing...

March 13, 2019

Total Accounting bring home another trophy

The team donned their posh frocks for another awards night at this year's Kent Invicta Chamber of Commerce Awards on March 20th.We were shortlisted in the Employer of the Year category, along with two other businesses – Reflect Digital and Bedfont Scientific.Reflect Digital were the winners but look at the trophy we brought home – we love it!Well done to everyone – we had a great night meeting you all.MD Ann said: “To be a finalist in the Employer of the Year Category means so much to me...

March 6, 2019

Kent Women in Business Awards – we’ve been shortlisted TWICE!

We’re delighted to have been shortlisted for the Kent Women in Business Awards in not one but two categories!We’ll be going to the gala dinner in March, hoping to come home with trophies in the Service Excellence and Business Woman of the Year (5+years in business) categories.Good luck to everyone and we’re looking forward to seeing Kent’s women in business at the awards event!...

February 27, 2019 Posts 1-25 of 30 | Page next
 

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