Small business bookkeeping and working from home

Running a business from home can be a heavenly way to work

More and more people are taking the plunge and deciding to run a business from home.  Pressures of the daily commute, threat of redundancy and increasing stress in the workplace are just some of the reasons that are making people want to take the leap of faith into self-employment with a home base. Kiss goodbye to traffic jams One of …

Sage accounts and payroll software

Sage Bookkeeping

What makes Sage so popular? Sage is arguably the most predominant bookkeeping package chosen by UK small businesses. With a reported excess of 800,000 UK users, what is it that makes Sage so popular? With 30 years of experience under their belt, Sage is recognised as a particularly user-friendly software package, which is backed by a high level of customer …

Making the right bookkeeping decisions

When you start a new business, the temptation is all too often to try to do everything yourself in order to keep costs to a minimum. Movie All Is Lost (2013) However, like many things in life, this arrangement can wind up as a source of frustration as well as false economy.  Getting your bookkeeping right on an ongoing basis is …

Meet your VAT obligations with HMRC

Meeting your VAT obligations

With HMRC placing more and more importance on scrutinising the records of companies who haven’t paid their VAT on time, now is the time to make sure that all your VAT t’s are crossed and i’s dotted. When it comes to working out your systems, it’s essential to be aware of your broad obligations as well as the detail of …

P11D benefits in kind reporting deadline

Automatic enrolment is on its way, ready or not

Pensions automatic enrolment is on its way for SMEs – whether you are ready or not! The concept, put forward as a solution to the dismal retirement situation many people are facing, came into force on 1st October 2012 for large businesses. Although there are plans afoot to simplify the legislation surrounding auto enrolment, there’s no getting away from the …

Investors In People Gold Award

Virtual Business Source scoops Gold again

At Virtual Business Source, we’ve never doubted the importance of people. At the end of the day, it’s people, both inside and outside of your business that make it a success. Staff and customers are what make our world turn. It’s against this backdrop that we’re delighted to have received, for the second time, the Investors in People Gold Award. …

VBS Wins Award For Xero Website

Robin Mead and Paul Marsden from Virtual Business Source (VBS) attended the UK’s first Xerocon conference that took place at the Institute of Chartered Accountants in London, on September 27.  Over 250 people attended the all day conference to hear about the success and rapid growth of Xero software in the UK, and how ‘cloud computing’, which as recently as 12 months …