By pearladmin
May 26, 2012
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,
By pearladmin
July 7, 2017
By pearladmin
June 16, 2017
Offsite Work using Digital The digital age has changed the way we communicate and hence the way that we can work. With the advancement in digital technology, work can occur at any place at any time and 24/7 if needs be. Small Businesses should take advantage of the many new ways that work can be … A Guide to Small Businesses Onsite/Offsite Work
By pearladmin
May 19, 2017
Late payments and having to deal with late payers is frustrating especially for small businesses. Cash flow is always an issue and receiving payment late and having to chase payers can have a significant impact on a small business. Contract Terms & Conditions Ensure that you have informed your clients about late payments and the … Key Guide to Dealing with Late Payments
By pearladmin
May 17, 2017
As a Small Business Owner, you will need to motivate your employees, both permanent and temporary and those that work on a contract basis, so that they grow as individuals and your business grows as well. There are several ways to achieve this. Show employees that you value them It is important to praise your … How to Motivate Your Employees
By pearladmin
May 12, 2017
Employee’s rights and employer’s obligations need to be complied with to avoid workplace disputes and claims. The key points taken from Employment law in the UK will be discussed to ensure that you as a Small Business Owner are aware of all your legal obligations to your employees. HMRC Registration As a small business owner, … Key Guide for Small Business Owners to Employment Law
By pearladmin
May 2, 2017
With many new tax reforms being implemented from 2017, it is advisable that small business owners invest in the services of an accountant. Consider the following to ensure that you grow and stay up-to-date with ‘all things accounting’ for your small business in 2017. HMRC’s ‘Making Tax Digital’ Plan The HMRC (Her Majesty’s Revenue & … Why Small Businesses Should Use an Accountant
By pearladmin
April 7, 2017
Auto-enrolment has been proposed to support employees to ensure that are automatically registered to join a workplace pension scheme. The new framework will also provide an easy solution for small businesses that have only begun to provide their employees with a pension scheme. Both workers and employers can make contributions to their workplace pension. Minimum … Guide to Auto-Enrolment for Small Businesses
By pearladmin
March 31, 2017
The new changes to the VAT Flat Rate scheme will primarily affect small businesses who are categorised as ‘Limited Cost Traders’ who will see a substantial change in the amount of VAT they will have to now pay. The Date the new VAT changes will occur The new VAT changes will come into effect from … Quick Guide to NEW Flat Rate VAT Scheme
By pearladmin
March 6, 2017
The new digital initiatives from the HMRC are worth looking at as the digital landscape is incorporated to encourage a more expedient service and user friendly environment. This is known as HMRC’s Making Tax Digital which will be achieved by 2020. The Digital initiatives that have been added by HMRC are as follows. 1. A … New Digital Initiatives for 2016-2017 from the HMRC
By pearladmin
January 23, 2017
As a freelancer your success depends on your reputation and your professionalism. To maintain these there are some things that you should never say to clients. Tip 1 Don’t let on that you are not busy When a Freelancer faces a quiet period of work, they should never let clients know this. If a client … Things Freelancers should avoid saying to clients
By pearladmin
January 16, 2017
Freelancers should always ensure that their clients are happy. This will both provide you with further recommendations in the form of new clients from positive word-of-mouth and your current clients will choose to give you more work. To achieve this successful outcome is a matter of juggling various roles. You will need to provide the … Tips for Freelancers to ensure Clients are happy
By pearladmin
January 3, 2017
Contracts are a significant part of Freelance work. They serve as a formal and binding agreement between you and your client. A contract should always state the approved upon project, the amount the client will pay for the work rendered, the time–frame for the project and any other specific details that need to be agreed … Contract Essentials for Freelancers
By pearladmin
December 30, 2016
A business bank account serves as a hub of information for legislative purposes when filling providing and submitting Contractor Limited Company Accounts, corporate tax returns and Personal Tax Returns. All the funds and money that move in and out of your company account that make up your monthly statements are used in compiling all these … Managing a Business Bank Account as a Contractor
By pearladmin
December 12, 2016
Depending on the type of work you do as a contractor, there will be certain types of insurance you’ll either be required to have, or which still might be a good idea. The most common types of insurance paid for by contractors are those that cover you from negligence, such as Public Liability Insurance, Professional … Insurance for contractors
By pearladmin
December 7, 2016
There are many reasons why somebody might want to start a business as a freelancer, from being your own boss and having more freedom in your life to working for who you want, when you want. Whatever your reason for working as a freelancer, there are plenty of opportunities for work out there. When businesses … Opportunities for Freelancers
By pearladmin
November 9, 2016
If you work as a contractor through a limited company, because you and your limited company are separate legal entities, you must set up a separate bank account for your contractor business. Contractors must set up a business bank account before they can take payments from clients. Contractors working under an umbrella company can continue … Choosing a bank account for Contractors
By pearladmin
June 14, 2016
While many of the aspects of a Brexit that could affect freelancers depend on any deals the UK government can negotiate with other EU countries, our current membership of the EU grants UK freelancers many automatic rights which could be affected. Your entitlement to work in EU countries as a freelancer As it stands, Britain’s … How will the Brexit referendum affect freelancers
By pearladmin
May 30, 2016
Switching from being a Sole Trader to a Limited Company has advantages and disadvantages. While you should ask your accountant to help you decide if you should switch, this article will give you something to think about. Benefits of changing from a Sole Trader to a Limited Company Limited Company owners have more protections than … Changing from Sole Trader to Limited Company
By pearladmin
May 5, 2016
Becoming burned out with your job can turn something you used to get great satisfaction from into a real chore. Here are some signs that you are becoming burned out with your job. You can’t stop thinking about work, even when you are trying to relax To be the most productive possible, you need to … Burning out at work? Here are seven signs to look out for
By pearladmin
July 14, 2022
If you own a UK property and are considering upgrading your heating system, now is the time to do so. The government has implemented a boiler upgrade scheme encouraging you to opt for low-carbon heating systems.
By pearladmin
July 7, 2022
National Insurance is mandatory in the UK; it pays for certain benefits and the state pension. Whether you are employed or self-employed, our guide will give you the ins and outs What is National Insurance? National Insurance Contribution is a tax on earnings paid by employees and employers. Whether you have a job or are … Guide to National Insurance
By pearladmin
July 1, 2022
Running more than one business is entirely possible as a sole trader. But with so much to consider, you might need a little help. We’ve put together this blog to discuss everything about running multiple businesses in the UK – from taxation to allowances What is a Sole Trader? Being a sole trader means you … What I Should Know As A Sole Trader Opening Multiple Businesses
By pearladmin
June 24, 2022
Managing your business’s funds and keeping track of its expenses requires that you establish a business bank account. This blog will discuss what a business bank account is and the benefits. Business Bank Account: What is it? A business bank account is an account that is used only for your company’s financial transactions. The opening … Do You Need a Business Bank account?
By pearladmin
June 14, 2022
When considering launching a new business, you need to ask yourself a fundamental question. Do I have enough cash to get my business idea off the ground? If the answer is ‘Yes,’ you wonder how much money will be needed to start your new business in the UK? The costs of starting a business can … How much does it cost to start a business in the UK?
By pearladmin
June 7, 2022
Renting your property on Airbnb has become an excellent way for many property owners and landlords to earn extra cash. If you live in the UK, a short-term property let (more commonly known as a Furnished Holiday Lets (FHL), has some great tax benefits, but you also need to be aware of them and pay tax … Paying tax on UK Airbnb income
By pearladmin
May 31, 2022
Online-only bank accounts such as Revolut, Wise (previously TransferWise), and QuickBooks Cash are not traditional banks—they lack some of the brick-and-mortar traits such as an FSCS deposit guarantee, or even a phone service. But the staggering growth of these companies proves unequivocally that their benefits far outweigh any perceived cons. Still, there are also online-only … 5 Best Online-Only UK Business Bank Accounts in 2021
By pearladmin
May 28, 2022
What is QuickBooks online? QuickBooks is an accounting software developed by Intuit, a USA-based tech company specializing in financial software. QuickBooks was first a desktop application, operating locally on the premises. But, as has happened with most accounting software tools, it has now moved to the cloud and can be accessed from anywhere via a … QuickBooks Online Software Full Review for UK Businesses
By pearladmin
May 24, 2022
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 or deal with. These customers believe that they are experts in a field, and a sense … How To Deal With Painful Customers
We understand that you may have questions regarding our blogs. Our specialists are here to help and provide relevant information, so don’t hesitate to reach out
Absolutely! We love hearing your questions and helping you find the answers. You can reach out to us through our contact page and we’ll be more than happy to help.
Once you have your idea for a blog ready, give us a call to discuss your ideas.
We take the accuracy of our information seriously. We strive to ensure that all facts presented on our site are checked and validated before they are published.
We're glad our customers are happy with our products and services. Here's what some of them said about us...
Pearl Accountants are unique as you can get. They have a great one to one service and they always answer your queries in a fast and professional manner.
I find Pearl when I opened up my limited company. I was clueless, but Pearl Accountants kindly assisted me in the best way so I felt at ease and understood how the operation works.
Everything was explained clearly in detail and I could ask as many questions as I wanted. They were never rude or impatient, just happy to be there to help.
The client had previously missed a few deadlines with HMRC and Companies House and needed a hands on approach
Wanted to ensure they have a proactive team so that no deadlines were missed and full end to end bookkeeping carried out
Client was introduced to a dedicated accountant who filed all outstanding accounts and appealed for any penalties by HMRC
After being in business for years, I must admit that Pearl Accountants are far the best accountants I have worked with. They are helpful, friendly and trust worthy and most of all provide excellent tax advice.
They provide high-level client care. I would certainly recommend Pearl Accountants to all.
Invoice factoring complications led client to inaccurate bookkeeping and unclear of clear reporting requirements
Processing the invoicing system accurately with clear and transparent management reporting was key
Processing the invoicing system accurately with clear and transparent management reporting was key
Pearl Accountants have been my accountants for many years and have been a great asset to my businesses. They have a strong team and knowledge is second to none. Very happy with the service and professionalism from them. Will continue to recommend them to my network.
Paying huge taxes without any tax efficiency and lack of understanding on various VAT aspects.
Minimise tax bills and ensure the business was compliant with HMRC and Companies House
As a startup graphic design company, we ensured the client used tax allowances and efficient payroll structures to withdraw money
Holborn based laser hair removal company joined us with a view to expanding their business on a large scale. They undertook accounting and advisory services which helped them grow above their rivals.
Holborn based laser hair removal company joined us with a view to expanding their business on a large scale. They undertook accounting and advisory services which helped them grow above their rivals.
Achieve a national presence and grow organically through current business model
We came on board and advised client on tailor made business strategies to achieve their online and brick and mortar presence.
We have been using Pearl Accountants for over 10 years and developed a very good business relationship. Very clear instructions with easy to follow accountancy system in place. Great expertise in tax efficiency, as well as business, grow and development services. One of the best-chartered accountants in town.
We have already recommended your services and will share our good experience with others in future.
It is always someone available on the phone but if not available at the time your accountant will always call you back.
Complete peace of mind with prompt and clear communication so no deadline missed.
Very satisfied.
Client was growing very fast with inability to keep track of growth with no cloud accounting setup and no integrations
Time saving on bookkeeping and clear vision of profitability management reports. Setup with cloud integrations.
Recommended a online cloud solution with time saving applications and clear breakdown of monthly profitability.
We recently migrated to Pearl Accountants from large national accounting firm. Transfer was easy and faultless. Friendly staff at Pearl lead us through the process with ease. Initially we were drawn to their service because of their attractive pricing structure. However it quickly became apparent to us that we were getting a lot more for our money than we initially thought as they are happy to stretch the engagement to all sorts of additional advice. Thumbs up to Pearl Accountants.
No clear strategy for business growth or tax planning reduction techniques
To achieve business advisory, tax planning and accurate reporting requirements
Recommended a online cloud solution with time saving applications and clear breakdown of monthly profitability.
Our client, a well established practising solicitor in the UK required a headache free service to ensure their accounting requirements were met and cloud accounting solution setup
Too much time was being consumed in bookkeeping and previous accountants missed various deadlines
More time was needed to focus on the business and ensure a firm came on board to take full ownership.
Advised client to forward us everything in ‘shoe box’ style and provided full breakdown regularly to keep informed.
They make me feel that I am a valued customer and to me what makes Pearl accountants unique is their helpful team of dedicated staff members. Their response is always prompt and it makes the daunting task of accounting really easy for me. Pearl Accountants is really a five-star accountant company.
As a franchisee tuition business, the client did not have the right advise to reduce taxes or a proactive accountant to advise where needed
Reduction in taxes through governmental tax subsidiaries and requiring more time to focus on the business.
A dedicated accountant was assigned to ensure deadlines were not missed and review of tax strategies.
Our client was in need of a specialist contractor accountant to remain compliant and ensure they did not fall in IR35.
Client required advisory on payroll and VAT solutions and filing of accounts at year end.
No clear direction on IR35 nor guidance on allowable expenses that could be claimed.
Ensure the contractor company was compliant with HMRC and Companies House and advisory on saving taxes.
Provided a full explanation and review on IR35 and guidance provided on which expenses could be claimed to reduce taxes
Our client having a property portfolio in Switzerland required a specialist accountant that understood the UK tax legislation whilst having a thorough understanding of overseas tax implications.
Overseas and UK income not declared, needed tax returns filed for previous years and appeal to HMRC for outstanding penalty
Paying taxes in the UK and overseas, wanted help understanding the tax system so avoid paying taxes twice.
Appealed successfully for prior years penalties and filed all outstanding returns. Thorough review of all tax allowances available.
Our client joined us after losing track of their finances and needed someone they could turn to for help. We came on board and reviewed their internal bookkeeping arrangements and recommended efficiency to lower their input on areas which could be outsourced to us.
No real track of profitability or clear vision of expenditure along with weak internal processes.
To achieve a clear breakdown of expenditure and ensure the current setup for bookkeeping was run more efficiently.
Recommendation on reporting packs, internal processes and online applications to integrate for payment reconciliation.