Don’t risk not complying with Auto Enrolment

If you have staff (including companies with more then one director) you will in the next six months, need to look at your auto enrolment obligations. There is a lot of mis information circulating around auto enrolment. Every time I talk to someone about it, I end up correcting them because they have mis-interpreted something they read on google, or got told by a friend. What’s important to know is that it is more complicated then you think and easy to get wrong. The likelihood of being inspected by The Pensions Regulator is higher to because The Pensions Regulator have
Read More

Batch Upload – Quickbooks Online

We are currently in the process of building a Quickbooks Online portal full of tips, screen shots and easy to read instructions to help our clients use  Quickbooks Online better. One of the most handy tips we discovered, which is great for when you first join Quickbooks, or perhaps haven’t updated your account for a while, is using the Batch Upload function. Here you can upload multiple expense receipts and attachments to accompany invoices. No app required, take a picture of the receipt using your smart phone (or print screen an electronic email confirmation) and save them all in a
Read More

3 key announcements for June

This month, we have three key developments we announced, all designed to further improve the service we offer to all our existing and potential clients. In case you missed the updates via our Facebook or Twitter pages, we’ve summarised them for you below Announcement 1: New Office Space Unable to find a local space that was bright, airy and suited our growing business, Scott and I took the decision to utilise space we had at home not being used and covert it into a working office and dedicated client / team space. We could not be more happier with the
Read More

ICAEW Essex Accountancy Awards 2017

On the 18th of May 2017, Scott and I attended the black tie event for the ICAEW Essex Accountancy Awards at Stock Brook Country Club, in Billericay Essex. We had been fortunate to be shortlisted along with three other significantly larger firms in Essex, for Accountancy Firm of the Year 2017. It was a really good event. Having been a member of ICAEW now for almost four years, I had not had the opportunity to date to meet with the Essex branch, so it was really good to meet some new people. I also got to meet the current president
Read More

Top 3 Tips for Quickbooks Online

Quickbooks Online is the global cloud accounting software package offered by Intuit. Here at KFH Accounting Ltd, we are big fans of the software and use it for our practice on a daily basis. We have enjoyed features such as being able to run instant reports at the click of a button, time saved gained from the direct bank feeds and being able to upload receipts directly into the software, via the mobile app. If you are new to using Quickbooks Online, based on how we use the system ourselves to manage our practice financials, here are our Top Three
Read More

Quickbooks Beginners Training Day – Rayleigh

Today we held our first co hosted Quickbooks Beginners training day in Rayleigh. Seventeen clients with a wide range of exposure to Quickbooks Online (ranging from a client who had always done her books by hand, up to some users who had used it for years, but only the invoicing part) took place at the Rayleigh MegaCentre today for our first Beginners training session. Our trainer, Jacqui, from Quickbooks spent 3.5 hours taking my clients through, at a good not overwhelming pace, how Quickbooks works. She explained the key functionalities of the cloud accounting system, showing my clients many key
Read More

Manage your costs for 2017

Happy New Year! If your new years resolution was to decrease your business costs this year, you may find my Top 3 Tips around this goal, very useful! Tip Number 1: Ask yourself, do you really need to spend this money? This is by far, the most important question you can ask yourself before you hand over your bank details for any transaction. One of the largest spend items I see across small businesses, particularly those who are service based or operate online, is spend on multiple online courses. So ask yourself, before you click the ‘Buy now to claim
Read More

Autumn Statement 2016 Summary

Philip Hammond delivered his first and last Autumn Statement on the 23rd of November 2016, signifying an end to Autumn Statements to be replaced with two Budget announcements in 2017. It was delivered with few surprises. We were hoping for more news about Making Tax Digital, which has been deferred to next year (in terms of more information around this initiative). The change to employee benefits treatment was expected as was the small increase in the Personal Allowance for the 2017/18 tax year to £11,500. One of the surprise items that no one saw coming, was the change to the
Read More

New Firm of the Year 2016 Accounting Web winner!

We won! KFH Accounting Ltd was the proud winner of the New Firm of the Year Award 2016, awarded at the Accounting Web Practice Excellence 2016 Awards, held on the 20th of October 2016, in Mayfair, London. It was a wonderful and inspiring night. I really enjoyed getting to meet so many wonderful accountants who are doing great things for the accounting industry. At the heart of all the winners, was a focus on client service. Any client of KFH Accounting Ltd will know we pride ourselves on being available to our clients, getting to know them and their business
Read More

What is Cloud Accounting About Anyway?

Many of us are now familiar with what ‘Cloud Computing’ is, in the mystery world of information technology and how it can be used in our day to day lives. It is defined as ‘the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer’. But what exactly does Cloud Accounting entail? Cloud Accounting systems have become very popular over the last five years or so. You may have heard of Xero, FreeAgent, Sage One, Quickbooks just to name a few. All of
Read More