Category: <span>Bookkeeping</span>

Furlough scheme to end September 2021

There are still a significant number of UK employees that are furloughed. The Government have announced that this scheme is scheduled to end 30 September 2021. Businesses that are struggling to re-establish themselves following the downside effects of repeated lockdown, may be faced with difficult decisions as this deadline approaches. The pundits are expecting a…




Accounting Terminology Basics

Though, of course, as a business owner you will need to relay upon the skills of a qualified accountant to help with the financial management and reporting of your business, it is important that you develop a keen grasp of some of the concepts and principles involved in managing the finances of your business. Here…




Five Top Tips on what to look for as a small business when choosing an accountant

As a small business owner choosing the right accountant is one of the most important decisions you can make, and what works for one business may not be appropriate for another. This quick guide is designed to provide you with some of the most critical points to consider. Research and make your choice early Ideally…




Money laundering: do you fully understand the risks?

Essential due diligence  Accountants play an essential role in preventing money laundering by understanding risks, meeting regulatory obligations and encouraging compliance and good practices to mitigate these risks. Reviewing firm-wide risk assessments of money laundering threats on a regular basis is imperative for accountancy firms to make sure they have identified all the areas relevant…




Quick company ‘fit for new business’ health

As we near the end of the COVD restrictions, more and more businesses are getting ‘fit’ for a re-start. The following thoughts and questions may quickly lead you to raise some relevant actions and perhaps get you focussed on getting back into some level of new business planning. New Client Acquisition How ready are you…




How to move offline accounting online

For many small businesses today, who either are online or are planning to do so in the future, it is critical to provide their customers with the easiest and most comfortable way to pay for products or services. This means it’s highly likely many of your business clients are using different services to accept and…




Do KPIs guarantee success?

Matching the right KPIs to your business strategy; keep it relevant!  If you have a good grip on what makes your business tick then it’s useful to be able to ‘glance’ at the business and its performance against plan by way of a brief set of business measures; Key performance Indicators (KPIs). KPIs typically track…




What are you paying your accountant for?

Your accountant is your adviser The right accountant for your business will make sure you comply with accounting and tax rules. But they should also be able to tease out knowledge contained within your accounts, providing insights to make good decisions. They should take the time to understand your business objectives, in order to provide…




Thinking of setting up a Limited Company? Here’s your 3 step process..

Whether you’re just setting up a new venture or you’ve been trading under your own steam for a while and looking now to take the next step, either way it’s important to consider your move to becoming a Limited Company carefully. Before taking the decision it’s best to take professional advice and here at Langricks…




Bookkeeping: Capturing and organising receipts

Keep your business receipts tidy and organised using the tips in this blog to make completing your tax return a cinch. Here are our top tips for quickly and efficiently compiling, organising, and storing your business receipts. Make notes – Get into the habit of writing a quick note on receipts about what they are…