Stay informed with the latest news and advice from Pearl
How to Get Funding For Your Startup
In these difficult times, a lot of people are turning to starting their own businesses. Success stories abound on LinkedIn about people who were furloughed, pivoted, and subsequently made a success of their new business idea. Indeed, few things can be as exhilarating...
read more
6 Unconventional Ways to Kickstart Company Growth after the Lockdowns
After the decimation of the British economy as a result of neverending lockdowns, companies are looking for an urgent way to get themselves back in the game and come out of a slump that has seen record levels of shop closures. The Chancellor recently announced a...
read more
Which Business Expenses Are Tax-Deductible in the UK?
In the day-to-day course of running your business, you naturally accrue expenses that are required to produce your product or deliver your service. As a rule of thumb, almost any expense that can be directly tied to making it possible for you to run your business can...
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
What Is FinTech and Why Is It So Popular?
FinTech stands for “Financial Technology” and it is revolutionising the way businesses and individuals do banking or manage their finances. It’s likely that you’re already using some sort of FinTech in your life: If you ever pay for things with your phone’s...
read more
9 Tips to Improve Expense Management in Your Business
Expense management for a company can be a chore at best and a nightmare at worst. The problem is doubly difficult to solve when you have employees underneath you. Large megacorps might have the benefit of dedicated accounting departments that can take care of expense...
read more
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...
read more
Budget 2021: Everything Businesses Need to Know
The Chancellor announced the much-awaited Budget 2021 today. Here are all the essential business facts you need to know: Tax changes Mr Sunak revealed numerous future tax changes that will impact both businesses and individuals. Some of the news might be welcome,...
read more
8 Hacks to Survive Working from Home
The Work-From-Home (WFH) Pros and Cons debate has raged for almost as long as the lockdowns have been going on. Netflix’s CEO believes that lockdowns are counterproductive, and Elon Musk is even moving Tesla out of Silicon Valley and to Texas in what is believed 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...
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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...
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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...
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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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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...
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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 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...
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 How to Get Funding For Your Startup
In these difficult times, a lot of people are turning to starting their own businesses. Success stories abound on LinkedIn about people who were furloughed, pivoted, and subsequently made a success of their new business idea. Indeed, few things can be as exhilarating...
read more 6 Unconventional Ways to Kickstart Company Growth after the Lockdowns
After the decimation of the British economy as a result of neverending lockdowns, companies are looking for an urgent way to get themselves back in the game and come out of a slump that has seen record levels of shop closures. The Chancellor recently announced a...
read more Which Business Expenses Are Tax-Deductible in the UK?
In the day-to-day course of running your business, you naturally accrue expenses that are required to produce your product or deliver your service. As a rule of thumb, almost any expense that can be directly tied to making it possible for you to run your business can...
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 What Is FinTech and Why Is It So Popular?
FinTech stands for “Financial Technology” and it is revolutionising the way businesses and individuals do banking or manage their finances. It’s likely that you’re already using some sort of FinTech in your life: If you ever pay for things with your phone’s...
read more 9 Tips to Improve Expense Management in Your Business
Expense management for a company can be a chore at best and a nightmare at worst. The problem is doubly difficult to solve when you have employees underneath you. Large megacorps might have the benefit of dedicated accounting departments that can take care of expense...
read more 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...
read more Budget 2021: Everything Businesses Need to Know
The Chancellor announced the much-awaited Budget 2021 today. Here are all the essential business facts you need to know: Tax changes Mr Sunak revealed numerous future tax changes that will impact both businesses and individuals. Some of the news might be welcome,...
read more 8 Hacks to Survive Working from Home
The Work-From-Home (WFH) Pros and Cons debate has raged for almost as long as the lockdowns have been going on. Netflix’s CEO believes that lockdowns are counterproductive, and Elon Musk is even moving Tesla out of Silicon Valley and to Texas in what is believed to be...
read more 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...
read more 8 Hacks to Survive Working from Home
The Work-From-Home (WFH) Pros and Cons debate has raged for almost as long as the lockdowns have been going on. Netflix’s CEO believes that lockdowns are counterproductive, and Elon Musk is even moving Tesla out of Silicon Valley and to Texas in what is believed to be...
read more
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...
read more
Do I Need an Accountant If I Use Xero or Quickbooks?
The question has been asked many times before: Will tools like Xero, Quickbooks, FreeAgent, Sage — or any of the other accounting software tools out there — eventually replace your accountant? The question is a valid one. And, indeed, many accountants and bookkeepers...
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Brexit: Here’s What You Need to Know about EC Sales Lists
The UK left the EU on 31 January 2020 and the transition period officially ended on 31 December 2020. In other words, Brexit is done — but not necessarily dusted. Confusion about how to proceed abounds, and a Withdrawal Agreement that runs to several hundred pages...
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How Does Making Tax Digital Affect SMEs?
HMRC’s Making Tax Digital rollout for VAT submissions began on 1 April 2019, forcing businesses with a turnover of £85,000+ per annum to submit their VAT returns via approved-only, cloud-compliant software. Whereas SMEs were previously able to submit their VAT returns...
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How to successfully start a small business
Guest post by Stacey McIntosh, Editor, Sage Advice UK & Ireland Starting a small business is no easy feat, especially during the first few years – there’s a lot to think about, but with forward planning, you’ll give your business the best chance of success. This...
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“Why Do I Need a Website for My Small Offline Business?”
If you don’t yet have a business website, likely you’ve been hearing about having an online presence for over a decade. Perhaps friends have looked at you askance, wondering how in the world you can operate without a website. Maybe you look at them strangely in return...
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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. That doesn’t...
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