Stay informed with the latest news and advice from Pearl
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 UK Landlords Can Survive the Current Rent Crisis
UK landlords have had a tough time of late. In March, the UK government imposed a “radical package” of measures which effectively banned all evictions from “social or private rented accommodation” for three months. Now, as the three-month period approaches a close,...
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How We Solved Our Clients’ Multicurrency Business Problems
We had a major problem with one of our client’s accounts which is all too common: They were bludgeoning income as a result of exchange losses from multicurrency payments. This issue is felt mostly by people who deal in e-commerce sales, but it can also affect traders...
read more
Why Your Business Should Consider Alternative Payment Methods
The checkout process is more critical to any business than one might think. It’s the last factor a buyer considers before deciding to purchase goods and services. Without an intuitive and reliable experience, the risk of cart abandonment is high.That said, the perfect...
read more
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...
read more
UK Gov Introduces VAT Zero-Rating for Personal Protective Equipment (PPE)
The UK government has announced a temporary VAT zero-rating for all Personal Protective Equipment (PPE). VAT zero-rating means that the items sold are still subject to VAT, but that the VAT rate is zero per cent. If you sell PPE, your VAT invoice...
read more
25 Ways to Save Time on Your UK Business’s Bookkeeping in 2020
At Pearl Accountants, we know that bookkeeping can be a bit of a chore which is why we offer full bookkeeping services to our clients at no additional cost. But for those of you who do your own bookkeeping, here are 25 tips (and two bonus tips) we’ve learned...
read more
How to Successfully Apply for a Bounce Back Loan (BBL)
"Note: We do not submit this application for our clients, this article is for guidance purposes only" Despite all good intentions, the Coronavirus Business Interruption Loan Scheme (CBILS) has failed to meet expectations. The UK Government has now responded with...
read more
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...
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 IR35 IR35...
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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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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...
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How to Change from a Sole Trader to a Limited Company
It’s common for many business owners, to begin trading as a sole trader rather than a limited company. Sometimes, working as a sole trader suits the business model of your new start-up. So, being a limited company never really crossed your mind. Generally, for...
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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...
read more
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...
read more
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 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 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...
read more 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...
read more
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 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 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 or deal...
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 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 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...
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 We Solved Our Clients’ Multicurrency Business Problems
We had a major problem with one of our client’s accounts which is all too common: They were bludgeoning income as a result of exchange losses from multicurrency payments. This issue is felt mostly by people who deal in e-commerce sales, but it can also affect traders...
read more Why Your Business Should Consider Alternative Payment Methods
The checkout process is more critical to any business than one might think. It’s the last factor a buyer considers before deciding to purchase goods and services. Without an intuitive and reliable experience, the risk of cart abandonment is high.That said, the perfect...
read more 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...
read more UK Gov Introduces VAT Zero-Rating for Personal Protective Equipment (PPE)
The UK government has announced a temporary VAT zero-rating for all Personal Protective Equipment (PPE). VAT zero-rating means that the items sold are still subject to VAT, but that the VAT rate is zero per cent. If you sell PPE, your VAT invoice...
read more 25 Ways to Save Time on Your UK Business’s Bookkeeping in 2020
At Pearl Accountants, we know that bookkeeping can be a bit of a chore which is why we offer full bookkeeping services to our clients at no additional cost. But for those of you who do your own bookkeeping, here are 25 tips (and two bonus tips) we’ve learned...
read more How to Successfully Apply for a Bounce Back Loan (BBL)
"Note: We do not submit this application for our clients, this article is for guidance purposes only" Despite all good intentions, the Coronavirus Business Interruption Loan Scheme (CBILS) has failed to meet expectations. The UK Government has now responded with...
read more
Filings Your Small UK Business Must Know About
We’re talking about Limited Companies here, not sole traders. Failure to know these requirements like the back of your hand could lead to surcharges which might cripple you. A lack of attention to these vital basic taxes and forms could result in: SurchargesInterest...
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Go Local: 3 Phenomenal UK-Based E-commerce Platforms You Could Be Using
If you’re looking to start an E-commerce business in the UK then no doubt you are feeling the pressure to get things going urgently. Times are tough, and we’re all going to have to foot the bill for it. If the UK economy ever needed your help, it is now....
read more Go Local: 3 Phenomenal UK-Based E-commerce Platforms You Could Be Using
If you’re looking to start an E-commerce business in the UK then no doubt you are feeling the pressure to get things going urgently. Times are tough, and we’re all going to have to foot the bill for it. If the UK economy ever needed your help, it is now....
read more
How can a finance director help me?
When you think of a Finance Director (FD), what comes to mind? Calculators, spreadsheets, counting, addition, the list goes on. Perhaps you’ve been advised to seek the help of a part-time or full-time Finance Director. However, do you know what their role is and how...
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Why MoneyPenny is your new business partner!
The 21st century is full of mind-blowing technological advancements. Whether it is asking Alexa to play your favourite song or letting Siri guide you to your destination; artificial intelligence has taken over the world. So, in a world where communication has reached...
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3 Ways To master Healthy Cash Flow Without Breaking A Sweat
Cash flow is one of the leading indicators of the financial status of your business. It is the one that reflects the liquidity of your trade, and its essential utility is to ensure the best possible use of money. One of the biggest challenges of accounting...
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10 Ways to Build A Vibrant Company Culture
A well-defined marketing strategy, massive investments, and excellent products are not the only elements that need to take your business up. Employees are the backbone of your business; if they are not working according to the core values and principles, then what’s...
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The Ultimate Tax And Accounting Tips For A Creative Agency
Very few people like to waste their time writing down records, looking for bills or matching numbers. However, this is necessary if you want a company to strive. The past accounting process for a creative agency determine its success or failure of the present and...
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Sacrifices entrepreneurs need to make
Everyone who steps into the business world brings in their own ideas and dreams. The best part of being an entrepreneur is that everything is under your control. If you follow the right path, invest your time and effort, entrepreneurs can do wonders for there...
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 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 or deal...
read more
