Stay informed with the latest news and advice from Pearl
Boiler Upgrade Scheme UK
If you own a UK property and are considering upgrading your heating system, now is the time to do so. The government has implemented a boiler upgrade scheme encouraging you to opt for low-carbon heating systems. This blog will explain everything you need to know about...
read more
Guide to National Insurance
National Insurance is mandatory in the UK; it pays for certain benefits and the state pension. Whether you are employed or self-employed, our guide will give you the ins and outs What is National Insurance? National Insurance Contribution is a tax on earnings paid by...
read more
What I Should Know As A Sole Trader Opening Multiple Businesses
Running more than one business is entirely possible as a sole trader. But with so much to consider, you might need a little help. We've put together this blog to discuss everything about running multiple businesses in the UK – from taxation to allowances What is a...
read more
Do You Need a Business Bank account?
Managing your business's funds and keeping track of its expenses requires that you establish a business bank account. This blog will discuss what a business bank account is and the benefits. Business Bank Account: What is it? A business bank account is an account that...
read more
How much does it cost to start a business in the UK?
When considering launching a new business, you need to ask yourself a fundamental question. Do I have enough cash to get my business idea off the ground? If the answer is ‘Yes,’ you wonder how much money will be needed to start your new business in the UK? The costs...
read more
Paying tax on UK Airbnb income
Renting your property on Airbnb has become an excellent way for many property owners and landlords to earn extra cash. If you live in the UK, a short-term property let (more commonly known as a Furnished Holiday Lets (FHL), has some great tax benefits, but you...
read more
5 Best Online-Only UK Business Bank Accounts in 2021
Online-only bank accounts such as Revolut, Wise (previously TransferWise), and QuickBooks Cash are not traditional banks—they lack some of the brick-and-mortar traits such as an FSCS deposit guarantee, or even a phone service. But the staggering growth of these...
read more
QuickBooks Online Software Full Review for UK Businesses
What is QuickBooks online? QuickBooks is an accounting software developed by Intuit, a USA-based tech company specializing in financial software. QuickBooks was first a desktop application, operating locally on the premises. But, as has happened with most accounting...
read more
How To Deal With Painful Customers
Every entrepreneur has to face customers. How they handle the customers depends upon their communication and leadership skills. They might be good at handling all customers, but there are always customers who are just plain right rude and painful to interact...
read more Boiler Upgrade Scheme UK
If you own a UK property and are considering upgrading your heating system, now is the time to do so. The government has implemented a boiler upgrade scheme encouraging you to opt for low-carbon heating systems. This blog will explain everything you need to know about...
read more
How To Successfully Attract New Customers
Managing a business requires you to attract new customers all the time as its always risky to stay dependent on the existing one. There is no formal contract with the customers, and you can lose them anytime, even if they are loyal. So, it becomes essential for...
read more
How to win back lost customers
On the off chance that you know why you have lost customers, it's a lot simpler to win them back. Here are the top reasons why clients may quit working with you: They were charmed away by a contender promising better costs, better administration or some other...
read more
COVID-19 Gives UK Contractors Breather on Draconian IR35 Reforms
If you’re a contractor for a medium- or large-sized company and have been dreading the upcoming IR35 reforms, scheduled for 6 April 2020, you can take a breather. The reform has been delayed for a year. A brief history of the ever-growing fishing net of...
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Top 10 tips for Contractor’s working inside IR35
Before understanding what exactly one requires to do being inside IR35, it is essential to know what IR35 is. Since it is a relatively new UK legislation, many UK companies find it challenging to understand the whole ruling as well as the key terms associated with it....
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The Importance of Accounting in The Healthcare Industry
The accounting department can be considered the backbone of any institution that has to deal with funds. Consequently, it plays a significant role in the healthcare industry, allowing it to work at its true potential. An accounting department is essential for any...
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A guide to New Tax Year Changes on 6th April 2019
This new tax year ought to be an interesting one, as it looks likely that it will occur a few days after the UK crashes out of the EU at the end of March, which could have interesting economic effects just before everyone is heading off to do their personal tax...
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Making Tax Digital for VAT
From April 2019, if your taxable turnover exceeds the VAT threshold of £85,000, you need to keep your VAT business records digitally and submit your VAT return via compatible software. Here at Pearl Accountants, we work with many different systems which are great for...
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Used to be with KPMG Small Business Services? Choose Pearl Accountants!
Just a few days ago, The Business Desk reported that KPMG small business is closing down, leaving thousands of former KPMG small business clients with no small business services accountants to turn to. The company’s SBA Service, which launched only 5 years ago, will...
read more How To Deal With Painful Customers
Every entrepreneur has to face customers. How they handle the customers depends upon their communication and leadership skills. They might be good at handling all customers, but there are always customers who are just plain right rude and painful to interact...
read more
9 Ways to Find Freelancing Work That Actually Pays Well
We have a lot of clients who are freelancers. For many years, we have specialised in delivering accounting services to freelancers. One of the most common complaints we hear from freelancers is that it’s difficult to find high-paying jobs. Difficult, yes, but not...
read more How To Successfully Attract New Customers
Managing a business requires you to attract new customers all the time as its always risky to stay dependent on the existing one. There is no formal contract with the customers, and you can lose them anytime, even if they are loyal. So, it becomes essential for...
read more How to win back lost customers
On the off chance that you know why you have lost customers, it's a lot simpler to win them back. Here are the top reasons why clients may quit working with you: They were charmed away by a contender promising better costs, better administration or some other...
read more
Tips To Help Freelancers Manage Their Accounting Better
Freelancers have the opportunity to get contracts and work on them one after the other. This means their income level is dictated by their skills and talents, and not by one employer but by multiple clients. However, the influx of all this work has a downside since...
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How to Apply for the Self-Employment Income Support Scheme
The Self-Employment Income Support Scheme(SEISS) was officially opened for applications at 8 am on 13 May 2020. The scheme is yet another in a series of schemes released by Chancellor of the Exchequer Rishi Sunak in the last few months to assist businesses and...
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Freelancers: How to Stay Afloat during the COVID-19 Pandemic
It’s hard to tell which sector of business owners are hit the hardest during the multitudinous lockdowns going on in the world right now: Small freelancers, startups, contractors, large businesses? Each sector has its unique challenges and expenses which need to be...
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Freelancing as a second job what tax do I pay?
There are very few people out there who start to freelance full time and quit their regular jobs. In most cases, people take up freelancing as a side job while doing their daily job. Once they develop a firm footing in freelance work, only then they move it to full...
read more A guide to New Tax Year Changes on 6th April 2019
This new tax year ought to be an interesting one, as it looks likely that it will occur a few days after the UK crashes out of the EU at the end of March, which could have interesting economic effects just before everyone is heading off to do their personal tax...
read more Guide to National Insurance
National Insurance is mandatory in the UK; it pays for certain benefits and the state pension. Whether you are employed or self-employed, our guide will give you the ins and outs What is National Insurance? National Insurance Contribution is a tax on earnings paid by...
read more What I Should Know As A Sole Trader Opening Multiple Businesses
Running more than one business is entirely possible as a sole trader. But with so much to consider, you might need a little help. We've put together this blog to discuss everything about running multiple businesses in the UK – from taxation to allowances What is a...
read more Do You Need a Business Bank account?
Managing your business's funds and keeping track of its expenses requires that you establish a business bank account. This blog will discuss what a business bank account is and the benefits. Business Bank Account: What is it? A business bank account is an account that...
read more Paying tax on UK Airbnb income
Renting your property on Airbnb has become an excellent way for many property owners and landlords to earn extra cash. If you live in the UK, a short-term property let (more commonly known as a Furnished Holiday Lets (FHL), has some great tax benefits, but you...
read more 5 Best Online-Only UK Business Bank Accounts in 2021
Online-only bank accounts such as Revolut, Wise (previously TransferWise), and QuickBooks Cash are not traditional banks—they lack some of the brick-and-mortar traits such as an FSCS deposit guarantee, or even a phone service. But the staggering growth of these...
read more QuickBooks Online Software Full Review for UK Businesses
What is QuickBooks online? QuickBooks is an accounting software developed by Intuit, a USA-based tech company specializing in financial software. QuickBooks was first a desktop application, operating locally on the premises. But, as has happened with most accounting...
read more How To Deal With Painful Customers
Every entrepreneur has to face customers. How they handle the customers depends upon their communication and leadership skills. They might be good at handling all customers, but there are always customers who are just plain right rude and painful to interact...
read more 9 Ways to Find Freelancing Work That Actually Pays Well
We have a lot of clients who are freelancers. For many years, we have specialised in delivering accounting services to freelancers. One of the most common complaints we hear from freelancers is that it’s difficult to find high-paying jobs. Difficult, yes, but not...
read more
How Does the New 130% Super-Deduction Scheme Work?
As part of the Chancellor’s Budget 2021 announcement, a new “super-deduction” capital allowance scheme was announced. This means that companies will be able to claim 130% capital allowances on qualifying plant and machinery investments purchased between 1 April 2021...
read more Do You Need a Business Bank account?
Managing your business's funds and keeping track of its expenses requires that you establish a business bank account. This blog will discuss what a business bank account is and the benefits. Business Bank Account: What is it? A business bank account is an account that...
read more How much does it cost to start a business in the UK?
When considering launching a new business, you need to ask yourself a fundamental question. Do I have enough cash to get my business idea off the ground? If the answer is ‘Yes,’ you wonder how much money will be needed to start your new business in the UK? The costs...
read more 5 Best Online-Only UK Business Bank Accounts in 2021
Online-only bank accounts such as Revolut, Wise (previously TransferWise), and QuickBooks Cash are not traditional banks—they lack some of the brick-and-mortar traits such as an FSCS deposit guarantee, or even a phone service. But the staggering growth of these...
read more How To Deal With Painful Customers
Every entrepreneur has to face customers. How they handle the customers depends upon their communication and leadership skills. They might be good at handling all customers, but there are always customers who are just plain right rude and painful to interact...
read more How Does the New 130% Super-Deduction Scheme Work?
As part of the Chancellor’s Budget 2021 announcement, a new “super-deduction” capital allowance scheme was announced. This means that companies will be able to claim 130% capital allowances on qualifying plant and machinery investments purchased between 1 April 2021...
read more How To Successfully Attract New Customers
Managing a business requires you to attract new customers all the time as its always risky to stay dependent on the existing one. There is no formal contract with the customers, and you can lose them anytime, even if they are loyal. So, it becomes essential for...
read more
How to Work Out the Most Profitable Business Idea
Regardless of what many supposed business gurus say, “following your passion” is not necessarily the greatest business advice out there. This isn’t to say you shouldn’t follow your passion. Ideally, we would all be doing what we love, to earn a living. But, when kids...
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Can I Start a Business in the UK If I Am a Non-resident?
There were over 670,000 new businesses incorporated in the UK in the tax year of 2018/19 (source). And that doesn’t include sole traders and freelancers! By March 2019, Companies House had over 4 million companies in the register. Companies House reports how many...
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22 Xero Tips to Make Your Business’s Accounting Easier!
Cloud-based accounting has revolutionised the way freelancers and small businesses do their bookkeeping, accounting and year-end taxes. Over the years, these tools have grown so sophisticated that many costly accounting functions of the past are now within the hands...
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