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Xero Help: How to create an invoice

Need help creating an invoice on Xero? We can help. Xero can be a very useful tool when it comes to sorting out your finances but as with many of the accounting software options available, it has its shortcomings and should not be used as a substitute for a bookkeeper. One of these shortcomings is […]

How a bookkeeper can relieve stress

The effects of work-related stress and how having a bookkeeper could help. Not only is April the start of springtime and a new tax year, but it is also International Stress Awareness Month. Held every April since 1992, this annual event is all about increasing public awareness of the causes and cures for stress. This […]

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What is Making Tax Digital?

Everything you need to know about MTD and how having a bookkeeper helps. Making Tax Digital (or MTD) is part of HMRC’s ongoing initiative that has been underway since April 2019 to digitalise the UK tax system. Currently, MTD is focused on VAT submission but is set to grow to include other types of tax, […]

Bookkeeping is more than software

You can’t leave it all to tech. Bookkeeping is tricky. Especially for small businesses, when you are juggling a million other things. So, it’s understandable that you want to ease the burden of this task any way you can. Nowadays we can turn to technology to solve most of our problems, and bookkeeping is no […]

What is IR35?

Everything you need to know to get your head around the new off-payroll working legislation ahead of the new financial year. The Intermediaries Legislation (or IR35) for off-payroll working came into full force in the private sector last year. However, it can be difficult to see the full effects of a new legislation after so […]

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Important Dates for the New Year: Jan – April 2022

With 2022 now underway, here is your reminder of some important dates for the rest of this financial year. January 2022: January has various different important dates to remember. There are two different monthly deadlines for sending off your payments for CIS, NICs and PAYE to HMRC. The postal deadline is 19th January, and the […]

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I need help with my bookkeeping!

With the New Year upon us, there are many things to consider for small business owners across the UK, including the imminent January Self-Assessment Tax Return. At Rosemary Bookkeeping, we understand that the process of keeping up with your books and finances can be challenging and daunting for many, especially with so many other things […]

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Festive Expenses You Can Claim Back

We’ve made a list of festive expenses that you may be able to claim back as a business expense. Christmas time can be a busy and expensive time for many businesses – big or small. But with the January Self-Assessment Tax Return coming up, here are some festive expenses that you might not have thought […]

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Ten useful bookkeeping tips for small business owners

If you own a small business and are approaching the holidays worrying how you’re going to manage your books, why not make these tips part of your New Year’s resolution? The prospect of maintaining your books can be a daunting one for many small business owners. Juggling a steadily growing pile of receipts and invoices […]

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Do you know about the Plastic Packaging Tax?

The government have introduced a Plastic Packaging Tax that is coming into force in April 2022. The tax will apply to plastic packaging produced in, or imported into the UK, that contains less than 30% recycled plastic. Plastic Packaging Tax Information Plastic packaging with less than 30% recycled content will be taxed at £200/tonne and even if […]

What is Economic Operator Registration and Identification Number?

In the past few months, you might have found yourself seeing something about making an application for the EORI number. Are you confused? No problem, we’ve explained it all to you below. What is an EORI number? Businesses importing into the EU and UK need an Economic Operator Registration and Identification Number (EORI) when importing […]

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VAT changes for hospitality and tourism sector

From 1 October 2021, a new reduced interim VAT rate of 12.5% will be introduced for hospitality, holiday accommodation/attractions and it will stay in place until 31 March 2022. It replaces the current temporary reduced rate of 5% for these sectors. This reduction in VAT is intended to boost trade immediately for hotels, B&B’s, cafes, […]

6 Tips for starting a small business

At Rosemary Bookkeeping, our goal is to work with our clients and help them make the very best of their business. If you are looking to start your own small business, we’ve put together some top tips for small businesses that you might not have thought about that will help you make your business a […]

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What are Capital Allowances?

Capital allowances can grant you tax relief for the reduction in the value of assets by letting you write off their cost against the taxable income of your business. What is Capital Allowance? You may be able to claim a capital allowance after buying an asset such as a car, machinery or other equipment that […]

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What can you claim back VAT on?

Are you unsure of what you can reclaim VAT on? Here we’ve explained what you can and cannot reclaim any VAT on: As a business, you can usually claim back any VAT you have paid on goods and services bought for business use, for which you have a valid VAT receipt. Remember, no receipt, no […]

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Important dates tax year 2021/22

Don’t miss these important deadlines the 2021/22 tax season, ensure you’ve got all of your bookkeeping organised for the year. MAY 2021 1st – Due date for payment of Corporation Tax for period ended 31st July 2020 3rd – Deadline for submitting P46 for employees whose car/fuel benefits changed during the quarter to 5th April 2021 […]

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VAT Updates for 2021

The UK exited the EU VAT regime, Customs Union and Single Market from 1 January 2021. This means the loss of a range of compliance simplifications and the imposition of customs declarations, goods regulations, services and import VAT. In this article HERE you can find an outline of the major changes affecting VAT treatment after the UK […]

Information on Allowable Expenses

When it comes to carrying out your self-assessment, it’s hard to know what can and can’t be included as allowable expenses. Contrary to popular belief, the government want you to succeed in business so will allow you to spend on certain items in your business without having to pay the tax for them. In general, […]

Going digital is vital for survival

The world as we know it has changed and is transforming in front of our eyes. We’ve been tested in different ways every day trying to adapt to new working and learning routines. It’s essential that small businesses across the globe get through the pandemic because they are vital to every nation’s economy. The current […]

Top 10 Bookkeeping Tips

1.  Procrastinating is a no-no Are you a procrastinator who leaves everything until the last minute? Well, with bookkeeping, you can’t be! It can quickly get out of hand and pile up on your desk. It is important that you keep on top of financial deadlines, for example Making Tax Digital on 1st April 2019. MTD […]

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New Job Support Scheme and Other Schemes

The government has recently announced a new package that is aimed at helping all workers affected by the Coronavirus pandemic, which includes the new Job Support Scheme which is there to contribute towards employees’ wages, and a limited extension of the already in place Self-Employment Income Support Scheme. New Package Dates & Details The Job […]

What if you’re a tradesperson and not a bookkeeper?

As a tradesperson, your business has probably seen ups and downs over the last few months but with more people working from home, there has been a noticeable increase in demand across the industry. Like many other tradespeople, you may have been doing your bookkeeping and accounts on your own and possibly spending evenings and […]

Bookkeeper vs Accountant – What’s the difference?

Often bookkeeping and accounting are considered to be the same profession. Although a bookkeeper and accountant seem to have very similar roles and often do similar work there are some major differences between the two. The real value of any business is achieved when both work closely together. What is the difference between Accounting and […]

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Stay home, stay connected

Being on lockdown, stuck in your house, restricted movement, social distancing, whatever you want to call it isn’t easy for a lot of people but luckily for us, in this day and age, we have a wide range of technology at our fingertips to help us stay connected.   Staying connected is important for us on a personal level […]

Mental wellbeing during isolation

With many of us perhaps feeling concerned, stressed or panicked by the current situation, we’ve put together a few ways of looking after your mental wellbeing during these challenging times. The below is not medical advice but aimed to help a little as you face life’s current worries.   Connect with people If you are in self-isolation, you may start to feel just that, isolated. […]

Vedic Maths A Fun Maths Activity

We’ve found a maths activity that will keep you occupied for a bit, Vedic Maths. Make sure you read the instructions carefully, good luck. You will need: 1 9 x 9 grid (below) A relatively sharp pencil (too sharp and it will tear the tracing paper!!) OR coloured pencils Sheet(s) of tracing paper (or alternative) […]

Where To Find Useful Information About COVID19

There is information everywhere you look about the current Coronavirus (COVID-19) pandemic, sometimes it is difficult working out fact from fiction so we have collated a variety of reputable links that will be kept up to date with reliable information. Health Information & Advice: Advice for the public from the World Health Organisation https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public Health […]

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Keeping Positive

In these unprecedented times, you, like many others around the world may be feeling a little low in spirits. Things may seem a little gloomy but there are rays of positivity shining through.   I’ve put together a little blog on some of the lovely things which I’ve seen in the last few days in the hope of sharing a little […]

How To Maintain A Clean Home

Whilst many people are at home now is the perfect time to give your home some TLC. Below are some hints and tips to make sure your home is clean and looking its best for you and your family.  Decluttering It’s quite amazing how much stuff we can collect over time and it’s equally amazing how […]

Homeschooling From a Full Time Working Mum… How To Survive!

Well, this is different! Being a fulltime working mum, homeschooling wasn’t something I had planned for and if you’re here reading this, I doubt you did either? But here I am and I’m trying my best to keep some normality as much as I can considering what’s going on in the world right now.  I have two children, one of […]

What’s The Difference Between Social Distancing, Isolation & Quarantine?

With all that’s going on in the world now, everyone needs to understand what the differences between Social Distancing, Isolation and Quarantine are. There is a difference between each of these terms and we’ll explain the difference below. What is Social Distancing? Social distancing should be practised by everyone, whether or not they are exposed […]

The Recommended Way To Wash Your Hands

Proper hand hygiene is the number one way to reduce the risk of infection and it’s important to wash your hands frequently and properly, with soap and water for at least 20 seconds. Here is the proper way to wash your hands as recommended by NHS: How to Wash Your Hands Correctly Wash your hands under […]

Top 10 Excuses For Missing Tax Deadlines

There is no excuse for missing any tax deadlines and unfortunately, HMRC does not accept excuses! However, some of them are quite funny, here is our list of favourite excuses: “I failed to submit my tax return because…” “My bad back means I can’t go upstairs and that’s where my tax return is!”🚶 “I had […]

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Top 5 Small Business Management Tips

SMEs (Small and medium-sized enterprises with 0-249 employees) make up 99.9% of UK businesses, meaning they’re the heart of the UK economy, so we’ve put together some small business management tips to help all succeed. 1. Invest in Marketing The world we live in is a competitive one, with the internet making it easier to build […]

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Rosemary Bookkeeping Checklist

We’ve put together a bookkeeping checklist for you to follow and make sure you’ve got your books together. Have a read to learn what is involved for your bookkeeping 👇👇 Bookkeeping Checklist by Rosemary Bookkeeping Do you want to download the checklist to print it out to stick on your wall? Click here – Download […]

New Rosemary Bookkeeping Business in Exeter

New bookkeeping business has been launched in the Exeter area by local businesswoman Alison Convery. After spending 15 years accounting for corporate finance, specifically within the IT industry, Alison decided it was time for a change, so she packed up and moved down to Devon with the family for a better life. With the move […]