Be Web Legal

While we all know it’s important to keep your website up-to-date and looking fresh, do we give the same priority to ensuring it complies with the latest laws?

Our friends over at the legal resource site, Legalo (, have a great article that sets out clearly the current legal requirements for UK websites.

It explains:

  • the business information that needs to be shown on your site (so many sites fail to comply with this); and

  • the terms that need including if you sell to consumers - the article covers the latest rules on cooling-off periods, etc. 

Consumer protection laws frequently get updated by the government. Have you updated your website recently to comply with them?

For the full article by Legalo visit:

The Case For Cyber Insurance

 In years gone by, wherever villains were found causing trouble, you could always trust that either Hong Kong Phooey, Danger Mouse, or Scooby Doo and his friends would be on the scene to sort things out.

But today’s cyber criminals aren’t balaclava-wearing baddies, or the janitor from the local school. Today, anyone with a computer and internet connection has the potential to commit cybercrimes against any business or individual, anywhere in the world.

Jeepers! That’s a scary thought.

Protecting your organisation from cybercrime has never been more important. With businesses increasingly turning to digital solutions, more sensitive data than ever before is being held on computers, in the cloud, or collected during online transactions. This information is extremely desirable and valuable to cyber criminals, who will use it to their benefit, or sell it on highly sophisticated black markets online.

Think you are safe as a small business? Think again!

I didn’t realise I was THAT sad…..

Making Tax Digital is the most significant change in our tax system for decades but even I was surprised that I had managed to write TEN blogs about it since February 2016. And there are going to be more in the future. I am (excitedly) waiting for the results of the consultation which took place over the autumn and HMRC have promised to tell us what they intend to do sometime in January.   Am I expecting HMRC to change their minds? No absolutely not. Will they delay it? Possibly but in some ways I hope not. The digital world is here with us now and we would be complaining if HMRC still demanded paper returns so let’s go fully digital and do it properly.   We all work better to a deadline so even if it is delayed there will still be accountants leaving it until the last possible moment to get to grips with it and blame their clients if it goes wrong.   So let’s stick to the current deadline, get the excuses out of the way early and move on.

In case you missed my earlier blogs on all things “Making Tax Digital” they are listed out below.

Have fun.


11 February 2016 – Making Tax Digital


12 April 2016 – More on Making Tax Digital

I hate doing my own books…

 People assume that just because I am a chartered accountant I must love doing my own books… Believe me I don’t.

I made the decision many years ago that I had a fantastic bookkeeper working for me so why should I spend my time on something that actually adds no value to my business. Those hours that I released could then be spent on something far more important. Growing my business….

Sound familiar? You are an expert in your own technical way but you are not a qualified bookkeeper so why try to be? So what happens? Your spouse does it? A relative does it? Or worse still no one does it until there is a deadline such as a vat quarter or more horrifically it’s the deadline to submit your accounts to HMRC.

So why not just delegate it and concentrate on what you do best. “Building your business”.

Can you do your bookkeeping in 5 minutes a day?

 Having worked with thousands of clients over the years we have seen a wide variety of quality in the records presented to me. Generally the bigger the client, the bigger the accounts team and therefore the better the accounting records. Small businesses are therefore paying their highly qualified accountants to do further bookkeeping just to bring those records up to a reliable standard rather than taking advantage of those skills and knowledge to improve their businesses.

However cloud accounting is changing all of this and it is now possible for the smallest business to deliver excellent records to their accountant enabling them to take out the bookkeeping element which has little value anyway and replace that time with high level advice.

So can using a cloud accounting system such as Xero or QuickBooks Online (QBO) really reduce your bookkeeping to just 5 minutes a day? And if the answer is yes do you need a bookkeeper at all?

As is often the case the answer is… it depends… so here are our top tips to maximize the benefits from Cloud accounting.


Get Training

Some software may be intuitive and users can gain competence very quickly. Most, however, take training and lots of practice. Cloud accounting systems are powerful business management applications with lots of features and you need time to decide what you do and don’t need to use. Xero and QBO are actually very similar and both offer a free demo period so it’s worth looking at these before choosing one and putting your real data in. Both also offer extensive online training videos although these can be overwhelming and you could, unless you are following a logical learning checklist, become confused. We offer a simple and free checklist to our clients if they are happy to learn by themselves but many take formal training with us because the small upfront investment for this is more than saved over time with the reduction in their ongoing bookkeeping costs.


Review the Chart of Accounts

The Chart of Accounts is the foundation of your cloud bookkeeping system. It helps you to organize and categorise your transactions so reports from the system are meaningful. A standard one is provided by Xero and QBO but your business may have some unique properties or systems and it will improve the usability of your accounts if you have considered the layout and descriptions used in your chart of accounts in advance. We often say to clients that cloud accounting is the foundation of a better business but it can only deliver on that promise if the reports coming out of it are accurate and in a format that aids decision making. We have seen records where every expense has been categorized as “Miscellaneous” so not a lot of help to us to prepare meaningful accounts.