Barrie Kenyon Features on the ACCA Online

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Barrie Kenyon of Green & Co speaks to the ACCA online about how accountants can adjust to working long hours during busy periods.

Deloitte’s global 2016 Millennial Survey shows that when salary and other financial benefits are removed from the equation, good work/life balance stands out as the primary factor when evaluating job opportunities.

But what Millennials want and what they can get is not always the same. Many struggle to find jobs that they would be entirely happy with and have to contend with working long hours.

Read more here…

Digital Tax Reporting – The Story So Far

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In 2015 the Government announced its commitment to bringing our tax system into the 21st century by introducing digital technology and dispensing with the annual tax return.  The new system would involve digital quarterly reporting with a view to making tax simpler and easier to manage for the taxpayer.  The Financial Secretary to the Treasury, Jane Ellison MP, has said that the new tax system will help businesses put “people and profit, not paperwork, first.”

Over the past 18 months  consultations have been taking place to establish exactly how HMRC are going to implement the changes and what effect it will have both on the Treasury and taxpayer. The Federation of Small Businesses (FSB) says that, following what it calls “real dialogue with the business community”, HMRC have listened to their representations and have announced the following considerations:

  • Landlords and businesses with a turnover of less than £10,000 to be exempt from digital reporting and quarterly returns.
  • The introduction of quarterly digital updates for other small businesses to be deferred.
  • Reporting to be based on a cash accounting scheme, whereby tax is paid on the money a business actually receives, rather than on invoices raised.
  • Help, both practical and financial, to be made available to ease the transition to digital accounting, but where a business cannot make the move, for whatever reason, it will not be forced to do so.

The FSB has welcomed the announcement and estimates that around half of Britain’s 5.4million small businesses could now be outside the scope of the initial moves into digital accounting.  The consultations are on-going, but it is hoped that the new digital tax system will be in place by 2020.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Accountant vacancy!

www.greenandco.com

Green and Co are a forward thinking and proactive, Chartered Certified Accountancy Practice, with a diverse range of successful clients and an excellent team environment. We have recently been awarded an Investors In People Gold Award and we won Best Independent Firm in Wales in the 2014 British Accountancy Awards.

Due to an increase in our Client base we are seeking an Accounts Senior to join our team. We work 35 hours per week on a flexi-time basis.

Duties:

This position offers a great deal of variety but key duties will include:

  • Reconciling bank accounts from books of prime entry.
  • Preparation of year-end accounts and tax computations.
  • Preparation of management accounts, mainly using Iris Accounting software.
  • Liaising with clients in a friendly but professional manner when appropriate.

The successful person will:

  • Have considerable recent experience in practice with a competent understanding of accounting practices.
  • Be able to work on their own initiative but also able to take direction from senior staff.
  • Have the ability to adopt a logical and flexible approach to reviewing and processing clients’ books, particularly where there are incomplete or manual records.

Click here to apply.

Friend or Foe?

www.greenandco.comWell actually, neither.

As most business people can appreciate maintaining a professional relationship between service provider and client is important. This relationship is emphasised in the world of accounting where professionalism and integrity form a large part of the services provided as a result of legislation across the profession.

However, it is not uncommon for such relationships to become soured as a result of high expectations of your accountant and potentially a limited understanding of exactly how they can benefit you and your company.

It should be considered that planning is the key element to keeping both parties of the professional relationship satisfied. Providing that your accountant is furnished wholly with the information they require, then the planning phase can begin. As a result your own and your company’s affairs can be set in order without the added pressures of deadlines for Self-Assessment returns or limited company accounts filing. This planning can be beneficial in a multitude of ways including the following:-

  • Tax minimisation
  • Business growth and development

Obtaining the required information is key to providing the best service possible.

Here at Green and Co we strive to obtain the required information well in advance of any statutory deadlines, so we can provide the best service possible. Please remember to help us so we can help you!

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Photo credit: freedigitalphotos.net

 

 

Accounting Vacancy!

Job VacancyTrainee Accountant

Green and Co are a forward thinking and proactive, Chartered Certified Accountancy Practice, with a diverse range of successful clients and an excellent team environment and having recently been awarded and Investors In People Gold Award. We are now seeking a Trainee to join our accounting team

The successful applicant will be provided with full funding for their studies along with expenses for any books and material required.

This is an excellent opportunity for anyone wanting a career in accountancy, as the business has an excellent reputation for training and development of all their staff, in a friendly and warm environment.

You will be working alongside the Accounts Manager and 7 other trainee and qualified accounts staff. The duties will be varied and will include:

  • Bank reconciliations from books of prime entry
  • Working on the Purchase & Sales Ledger
  • Supplier Statement reconciliations
  • Using Sage, full training will be given
  • Using Excel on a daily basis to update spread sheets and databases
  • Answering queries from clients, verbally and written, on a daily basis

The successful candidate will be able to demonstrate:

  • Having achieved an A level standard of education
  • Having achieved or be studying towards an AAT Level 2 qualification
  • A committed attitude to a career in accountancy and a desire to continue studying to achieve ACCA accreditation
  • Willingness to learn new skills and systems
  • Excellent communication skills
  • Flexible attitude to your work

This is a an opportunity to work within a business that offers a friendly and professional environment, whilst having full study support.

Click here to apply.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.