Accounting isn’t one-size-fits-all. What works for a sole trader will differ from what works for a multi-national company with multiple offices. However, we hope these top five tips will help with your accounting, no matter your size. Ti

If you’re new to bookkeeping, you’ve likely never heard of bank reconciliation before, but it can be an important part of ensuring your accounting is accurate and up-to-date. What is bank reconciliation? Bank reconciliation is the proces

Mistakes happen all the time, whether you forget to email your customers promptly, or you forget to put milk in your morning coffee (if you take milk, that is). But what happens when you make a mistake on your VAT return? The first step

Employees may come into the business with certain expectations about receiving a rise. It could be that they expect an annual increase, or it could be after taking on several extra responsibilities. Large corporations can typically affor

An unlawful dividend, also known as an illegal dividend or unlawful distribution, can occur in six different ways: There are insufficient profits in the company It was drawn without reference to the relevant account The company was inso

Unfortunately, no matter how careful you are with your health, it’s likely that you’ll become ill and unable to work at some point. If you’re employed, the course of action is simple: inform your employer and receive Statutory Sick Pay.

When employed by someone else, you don’t typically need to worry about your student loan repayments; your employer handles it all for you. But when you’re self-employed, it can require a little more manual work. If you’re a freelancer, c

As a small business, finding the funds needed to start up and keep running during your first few years can be difficult. Taking out business loans and credit cards to stay afloat can be tempting. However, the business has to pay these ba

If you’ve just started out in business, or if you’ve been running for a while and are looking for a change, your accountant can be a valuable asset for you. At the basic end, they can work to free up your time by handling your bookkeepin

When running a business, I’m sure we can all agree that the one thing we want less of is paperwork, especially where it’s repetitive. Let’s face it, you’re busy running a business, so being asked for the same information over, and over,

The idea of MTD was initially announced by HMRC back in 2015, where key parts of the tax process are moved to a more efficient and streamlined digital process. The first tax to go digital was VAT, and in 2019 we enabled businesses to sub

Being able to connect your accounting software to all your favourite business tools and have them seamlessly talk to one another can free up your time by automating routine tasks. At QuickFile we’re continually looking to build new integ

At 11pm on the 31st December the Brexit transition period will officially come to an end. This will bring about some significant changes for businesses exporting and importing goods within the European Union. The UK Government have impl

We’re pleased to introduce our newest payments partner, Square. With Square, you can easily take payments in person, online or over the phone. There are no long-term commitments and you only pay when you make a sale. Plus you get your mo

You may be interested to know that we are currently in the process of rolling out a new dashboard. For the last 6 years the QuickFile dashboard has remained largely unchanged and we felt that it was in need of some modernisation. What’s

In the next few days we will be rolling out a number of updates for the QuickFile Android and iOS app. Most notably this new release will introduce support for Affinity, giving you access to the Affinity dashboard from your mobile device

If you’re trading as a limited company you may already be taking a part of your income as dividends. It is important that you keep the correct paperwork to support those dividends. This includes a set of board minutes to agree the divide

We’re pleased to announce a significant update to our mobile app that brings new banking visibility and biometric security, along with a host of smaller improvements. Version 2.18 will be rolling out to the Android and iOS app stores in

What’s better: setting up a limited company, or being a sole trader? The pros and cons of both So you’ve taken the plunge and decided to start working for yourself. We wish your cat yoga studio / homemade brownie bakery / phone book recy

We wanted to provide an update in regards to the current COVID-19 situation. Firstly however I would like to extend my best wishes to you and your family during these difficult times. Please rest assured that we will be doing everythin

From 1st March 2021, VAT registered businesses operating in the building and construction industry will need to change the way they collect and report VAT. The new changes will require businesses that are receiving a service from a CIS

From the moment we launched our new mobile apps last year we have stepped up our efforts to bring across more functionality from the web app into our mobile solution. We have now launched version 2.0 of the mobile app for Android, with i

Automation is a key part of what we do, finding new ways to reduce the time spent on repetitive tasks allows you to spend more time running your business. Recently we have been looking at ways to streamline the receipt tagging process an

In August this year we launched our new mobile app for Android. We’ve been working on an iOS version in parallel and we are pleased to announce that the QuickFile iOS app is now available for preview. As with the Android app the iOS ver

You may have heard already about the Open Banking Initiative. It provides a new framework allowing account holders to control their data in a secure and convenient way. QuickFile have been at the forefront of Open Banking adoption, becom