You may be wondering whether you actually need a Bookkeeper or an Accountant if you are Self-Employed. The short answer is NO, if you are not running a limited company you may chose to handle your own taxes.
However, just because you are not required to do so doesn't mean that you shouldn't. Ashored feels that there are plenty of good reasons why you should hire a Bookkeeper or Accountant. In particular, a qualified bookkeeper or accountant can help and support you by:
1. Saving you time and money
A qualified bookkeeper or accountant will be able to point out tax saving opportunities for you and your business. Furthermore they should be aware of re...
As the financial year has come to an end now is the time to start thinking about your tax return. For many this can feel like a daunting and overwhelming task and so it is often left until much closer to the 31st January filing deadline. There are however things that you can do to simplify your tax return as noted below:
1. Keep your business and personal receipts separate
With so many receipts nowadays it is easy to loose track of them and forget what the purchase was actually for. Ashored recommends setting aside some time on a regular basis to separate your business and personal receipts and clearly annotating any receipts which you may later...
We all have things that we put off doing because we don't enjoy doing them. In truth though once the task is completed there is often a sense of satisfaction and achievement in completing it.
For me it is getting up early to go to the gym, but once I am up and there I am glad that I made the effort and start the day on a positive feeling that I have already achieved something. Often the thought of doing something can be worse than actually doing it in the first place. The more that something is put off the bigger it becomes.
For many the thought of keeping and maintaining their records has the same effect. As the thought of maintaining yo...