Latest News

Back to Blog

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:...

The Risks of Using an Unqualified Bookkeeper and Accountants for Your Business

When it comes to managing your business's finances, you want to ensure everything is handled with the utmost accuracy and professionalism however, cost is a big factor. With the current economic crunch, businesses have been cutting costs by outsourcing overseas (more on why outsourcing overseas may turn out to cost you more in the long run here here) or using an unqualified bookkeeper or accountant (in some cases both bookkeeper and accountant) who are often cheaper than qualified bookkeepers an...

How Cashtrak’s Bookkeepers Attending Exhibitions and Conferences Benefits Our Clients

Attending exhibitions, conferences and summits have several benefits to bookkeepers that can directly enhance the service they provide to their clients. Here’s how participation in this event can be advantageous:...

Why Businesses Should Choose Local Bookkeepers Over Overseas Alternatives

In the era of globalisation, businesses have more options than ever when it comes to outsourcing various services, including bookkeeping. While it might be tempting to hire an overseas bookkeeper due to lower costs, there are compelling reasons why an business should consider using a local bookkeeper. We explore the benefits of opting for a local bookkeeper and why cheaper doesn't always equate to better service....

Why Should I Pay A Bookkeeper When I Can Do The Work For Free

A common question we hear is “why should I pay for a bookkeeper when I can do the bookkeeping myself, for free?” This is especially true of start-ups. There are many reasons from compliance to actually saving yourself money. Using a bookkeeper can offer several significant advantages:...

Why Businesses Should Use a Payroll Company to Ensure Compliance

Running a small business comes with a multitude of responsibilities, from managing day-to-day operations to navigating regulatory requirements. One area that demands careful attention is payroll management. Ensuring compliance with ever-changing tax laws, calculating employee wages accurately, and managing payroll taxes can be complex and time-consuming. That's where a payroll company can be a game-changer for businesses. Let's explore why leveraging the expertise of a payroll company is crucial...

Gear Up for the New Tax Year with Cashtrak: Your Trusted Financial Partner

As the dawn of a new financial year approaches, businesses are presented with a golden opportunity to reassess their financial strategies, streamline processes, and set the stage for success in the months ahead. Let's delve into why the start of the new financial year is the perfect time to make this smart move and how Cashtrak can be your trusted partner in this journey.Fresh Beginnings, Clear VisionThe onset of a new financial year symbolises fresh beginnings and renewed clarity. It's the idea...

HMRC Pause Unpopular Decision To Close Of Self-Assessment Helpline & Reduce PAYE & VAT Helplines

What a whirlwind 24 hours for HMRC! We take a look at the original announcement and the decision to pause and re think just 24 hours later.What HMRC Said FirstHMRC announced yesterday (19th March, 2024) that it would close its self-assessment phone line between April and September EVERY YEAR following a successful trial last year. They said they were encouraging callers to use their online services instead.The helpline would re-open between October and March each year for priority queries with q...

Overview of Spring Budget 2024:Implications For Small Businesses

The Spring Budget 2024 has unveiled a range of measures supporting and stimulating growth amidst the evolving economic landscape. Here's a breakdown of the key highlights and implications for small business owners:TaxVAT threshold – The taxable turnover threshold has been increased from £85,000 to £90,000.National Insurance – Employees - This has been reduced from 10% to 8, saving 2p in the pound.National Insurance – Self-Employed – National Insurance Class 4 has been reduced from 9% t...

International Women's Day: Cashtrak - Empowering Women, Empowering Success:

Cashtrak are thrilled to join the global celebration of International Women's Day. It’s a time for reflection, celebration, and a call to action. At our bookkeeping practice, we are proud to acknowledge the significant contributions of women not only within our company but also across the globe. With over 80% of our team being comprised of talented and dedicated women, we understand the importance of fostering an environment where they can thrive professionally and personally.International Wom...

Companies House New Reforms - What It Means For You & Your Business

New measures have been brought in by The Economic Crime and Corporate Transparency Act meaning Companies House will play a much greater role in disrupting economic crime and preventing abuse of the register. The first changes come in to effect on 4th March,2024.The measures set out in the act give Companies House new and enhanced powers to improve the quality and reliability of their data.Registered Office AddressCompanies must have an ‘appropriate address’ as their registered office at all ...

Global Bookkeeping Week 2023 - Celebrating Bookkeepers Worldwide

Today marks the start of Global Bookkeeping Week. It's the perfect time to celebrate and appreciate the unsung heroes of the business world - bookkeepers. Here at Cashtrak we're thrilled to join the celebration and inform everyone about the significance of this week.What is Global Bookkeeping Week?Global Bookkeeping Week is a worldwide initiative dedicated to recognising the vital role bookkeepers play in keeping businesses financially healthy. This week-long event, celebrated annually in the fi...

Payroll Keeps the Entire Operation Running Smoothly - Why You Should Outsource Payroll

As an employer, payroll is a critical responsibility that involves several legal and practical considerations.Outsourcing your payroll to a professional can offer numerous benefits to businesses of all sizes. Here are some compelling reasons why a business should consider outsourcing their payroll: 1. Expertise and Compliance: Payroll professionals are well-versed in the complexities of UK tax laws, National Insurance contributions, and employment regulations. They stay up-to-date with chan...

Focusing On Cashtrak's Payroll Professionals

In the intricate machinery of a successful business, there is a group of dedicated professionals who work tirelessly behind the scenes to ensure that the gears keep turning smoothly – our payroll team!Precision, accuracy, legal compliance, data security and confidentiality are part of their every day work, this leads to:Financial Stability for EmployeesEmployee Morale and SatisfactionEfficiency and Time SavingsSupporting Business GrowthMeet The Cashtrak Team:Carol, our longest serving payroll ...

The Unsung Heroes of the Workforce: Celebrating National Payroll Week

In the intricate tapestry of the modern business world, there exists behind-the-scenes heroes whose contributions often go unnoticed, yet they play an indispensable role in the functioning of the entire economy. We are talking about the dedicated and diligent payroll professionals who make sure that each worker gets their hard-earned pay accurately and on time. As we celebrate National Payroll Week, let's reflect on the profound impact that payroll has on both the workforce and the economy.Payro...

Maximising Your Influence: The Role of a Bookkeeper in Navigating Influencer Taxes

Back to influencers - the life of an influencer is a whirlwind of creativity, content creation, and connection-building. Amid the hustle and bustle, there's a critical aspect that should not be ignored: taxes. As an influencer, you're not just a content creator; you're also a business owner, and that means navigating the complexities of taxation. This is where a skilled bookkeeper can be your guiding light. In this blog, we'll explore how influencers can effectively collaborate with a bookkeeper...