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Deck the Books: Holiday Cheer in Bookkeeping, Tax Returns, and Payroll

As the festive season approaches, businesses and individuals alike are immersed in holiday plans. But while the holidays are a time for celebration, it's also crucial to keep the wheels of financial management turning smoothly. Bookkeeping, tax returns, and payroll may not seem like the jolliest topics, but they play a vital role in keeping the season stress-free and financially sound. Here are some interesting facts and tips to keep your financial ducks in a row while enjoying the holiday spiri...

Introducing Apron: Enhancing Technology to Benefit Our Clients

At Cashtrak, we are always looking for ways to improve the services we offer and streamline processes for our clients. That’s why we’re excited to announce the introduction of Apron, this innovative software solution will enhance the way we handle to streamline your financial processes and save you time and money....

What Is an Allowable Business Expense Over Christmas?

The holiday season is a magical time of year, but for business owners, it can also bring questions about what counts as an allowable expense when it comes to the Christmas festivities. Whether you’re planning a team party, sending gifts to clients, or decorating the office, understanding HMRC’s rules can save you money and ensure compliance.Here’s your complete guide to allowable business expenses this Christmas, brought to you by Cashtrak....

Welcome December: Wrapping Up the Year with Financial Clarity

As the festive season begins and we count down to the end of another year, December is not just about holiday cheer—it's also a crucial month for businesses to review, reflect, and prepare for the year ahead.Whether you’re managing payroll, finalising your tax returns, or getting your books in order, the first working day of December sets the tone for a productive and stress-free close to 2024.Here’s how we help our clients make the most of this critical period:...

A Busy Week for Cashtrak: Celebrating Bookkeeping Week!

We're currently in the midst of Global Bookkeeping Week, a time to celebrate the vital role that bookkeepers play in the success of businesses worldwide. This annual event celebrates the vital role of bookkeepers in businesses and practices across the world, an opportunity to think about and recognise the hard work and dedication of bookkeepers not only in day-to-day business but the work that happens in the background to ensure compliance and keeping on top of regulations. As well as raising aw...

The Countdown is On: 99 Days Until the Tax Return Deadline – Are You Ready?

As of today (24th October), there are only 99 days left until the January 31st tax return deadline. For many businesses and individuals, this period can bring stress, confusion, and an overwhelming pile of paperwork. But it doesn't have to be that way! At Cashtrak, we're here to help you get ahead of the rush, avoid penalties, and even find ways to save money on your taxes.If you're dreading the deadline, now is the perfect time to take action—and we’re here to make it easier....

Exciting News! Due To Growth & Expansion, We Are Recruiting!

Cashtrak is a well-established bookkeeping practice based in Stokenchurch, Bucks. We have a team of 7, mainly bookkeepers. We have over 100 clients and provide bookkeeping, payroll and tax return services to a range of different industries.As we continue to expand, we're seeking new talent to join our friendly team. We are wanting to have the right person to join our dynamic bookkeeping practice, rather than fit a specific role. We would preferably seek someone from within the Institute of Certi...

Potential Employer National Insurance Rise: What It Could Mean For Small Businesses and Employees

As the political landscape in the UK continues to shift, businesses are keeping a close eye on proposed changes that may impact their operations. One significant potential change is the increase in Employer National Insurance contributions (NICs), which could be introduced by the Labour government in the upcoming budget.For small businesses, this could have notable financial implications, affecting both their bottom line and the workforce. In this blog, we’ll explore what this potential Nation...

The Government’s Consultation on Electronic Invoicing: What It Means for Your Business

The government recently announced a consultation on the implementation of electronic invoicing (e-invoicing), a significant development for businesses across the country. With the goal of increasing efficiency, reducing fraud, and aligning with international standards, this consultation could lead to widespread changes in the way businesses issue and process invoices. But what does this mean for your business, and how can you prepare for this shift?In this blog post, we'll explore what e-invoici...

An Employer's Responsibilities to the Pension Regulator

The Pension Regulator (TPR) is a government agency responsible for overseeing workplace pension schemes. Their primary goal is to protect the interests of pension scheme members and ensure that pension schemes are run efficiently and effectively....

A Medical Professional’s Tax Nightmare: The Importance of Accurate Tax Codes

National Payroll Week serves as a reminder of the critical role that accurate payroll processing plays in the smooth operation of businesses. One common issue that can arise in payroll is the use of incorrect tax codes. A recent case involving an NHS medical professional who worked bank overtime for the same hospital highlights the importance of understanding your tax code to avoid significant tax liabilities.The medical professional in question was unaware that both her primary employer and the...

National Payroll Week: A Celebration of Essential Business Services

National Payroll Week is celebrated annually and is a time to recognise the vital role that payroll professionals play in the smooth operation of businesses. It's an opportunity to acknowledge the complexities involved in payroll processing and to highlight the importance of accurate and timely payroll services....

End-of-Summer Financial Check-In: A Guide for Businesses and Individuals

As summer draws to a close, it's the perfect time to take a step back and assess your financial situation. Whether you're a business owner or an individual, a thorough financial check-in can help you identify areas for improvement and make informed decisions moving forward....

Making Tax Digital: Where Are We Now? A Guide for Self-Employed Individuals

Making Tax Digital (MTD) is a government initiative aimed at simplifying the tax system for businesses and individuals. For self-employed individuals, MTD requires the use of digital tools to keep records and submit tax returns to HMRC....

A Cautionary Tale: Bradley Wiggins’ Bankruptcy and the Importance of Trusted Financial Management

Bradley Wiggins, a name synonymous with cycling glory, recently found himself in the headlines for a very different reason—bankruptcy. This unexpected turn of events has left many wondering how a celebrated athlete with numerous accolades could face such a financial crisis. Wiggins himself admitted that he "should have paid more attention" to his financial affairs. His experience serves as a stark reminder of the vital importance of vigilant financial management and why every individual and bu...

Sprint to Success with Cashtrak Olympic-Level Payroll Services

As the world watches athletes strive for Olympic glory, it's time for your business to aim for the podium with Cashtrak elite payroll services. Just as athletes rely on precision, speed, and strategic planning, your payroll process should reflect the same level of excellence....

Go for Gold with Cashtrak: Olympic-Level Bookkeeping for Your Business

As the Olympic Games inspire us with feats of strength, agility, and precision, Cashtrak is here to bring that same excellence to your bookkeeping needs. Just as athletes rely on their coaches and rigorous training, your business can rely on our expert team to streamline your financial processes and ensure your success....

Employers Responsibilities: Streamlining Your Pension Regulator Duties

In the ever-evolving world of business, staying compliant with regulatory requirements is crucial. Among the myriad of obligations, workplace pension, auto-enrolment, re-enrolment and the declaration of compliance stand out as pivotal processes that ensure your business remains in good standing. However, these tasks can be time-consuming and complex. This is where our expert service comes into play, designed to simplify and streamline your compliance needs.We have taken on a number of businesses...

Unlocking Business Potential: The New Growth Guarantee Scheme For Small Business Financing

In the ever-evolving landscape of business finance, staying informed about new support initiatives is crucial for both growth and sustainability. One such initiative is the recently introduced Growth Guarantee Scheme, a successor to the Recovery Loan Scheme....

Revolutionising Bookkeeping: Xero’s "Just Ask Xero (JAX)"

In the ever-evolving landscape of accounting and bookkeeping, staying ahead of technological advancements is essential for maintaining efficiency and providing top-tier service.At Xerocon 2024, Xero introduced an innovative new feature: "Just Ask Xero (JAX)." This advanced AI tool is designed to transform the way bookkeepers and clients interact with the Xero platform, offering a host of benefits that streamline processes and enhance productivity. Here’s how JAX is set to revolutionise the boo...

Unlocking Convenience: What Is Xero's New "Tap to Pay" and How You Benefit

In the fast-paced world of business, staying ahead of technological advancements is crucial for maintaining efficiency and competitiveness. Xero, a leader in accounting software, has introduced a groundbreaking new feature: "Tap to Pay." This innovation is set to revolutionise how businesses handle payments, offering significant benefits for both clients and bookkeepers.Here’s how Xero’s "Tap to Pay" can transform your financial processes....

Unlocking Efficiency: The New E-Invoicing Feature Available On Xero

Following on from At Xerocon 2024, one of the most anticipated announcements was the introduction of Xero's new e-invoicing feature, powered by PEPPOL (Pan-European Public Procurement On-Line). This development is set to revolutionise how businesses handle invoicing, providing numerous benefits in terms of speed, accuracy, and efficiency. Here's an in-depth look at what this new feature entails and how it can benefit your business....

Why Your Business Should Choose an Institute of Certified Bookkeeper's Bookkeeper

In the competitive business landscape, maintaining accurate financial records is essential for compliance, strategic planning, and overall success. When selecting a bookkeeper, it’s crucial to choose one who brings not only expertise but also a commitment to high professional standards. This is why opting for a bookkeeper who is a member of the Institute of Certified Bookkeepers (ICB) can make a significant difference for your business. Here’s why:...

Unlocking the Future: Exciting New Tools & Insights from Xerocon 2024

Our team had the privilege of attending Xerocon 2024 in London, it was an experience brimming with insights, innovations, and inspiring sessions. Xerocon is renowned as a leading conference for bookkeepers and accountants, and this year’s event certainly lived up to its reputation. Here’s a roundup of what we learned and the exciting new developments we’re eager to implement for our clients....

Navigating Election Uncertainty: How Cashtrak Can Steer Your Business

The announcement of an election in the UK often brings a wave of uncertainty for businesses. Policy shifts, economic fluctuations, and changes in tax can create a challenging environment. During these times, Cashtrak can be an invaluable asset, helping your business navigate through the unpredictability and emerge stronger. Here’s how:...