Crunch Accounting

Crunch Accounting

Category: Content
Type: Blog Article

Generated 2 days ago

New blog articles detected

  • Business Rates – unsuitable for the digital age?

    As part of The Entrepreneurial Audit (a joint project from the RSA and Crunch) twenty policy ideas have been proposed to strengthen self-employment in the UK. In order to make the business rates system fit for purpose, proposals in the report recommend that the Government: Conducts more regular revaluations of properties Transitions to a ‘revenue rates’ scheme    How are business rates decided? Cu...

  • How to Deal with Payment Excuses

    Excuses, excuses… one of the most frustrating aspects of chasing unpaid invoices is dealing with the reasons some customers give for paying late. When you have worked in the debt collection industry for as long as we have, you will have heard some imaginative answers – along with some that are so old they were probably being used in Roman times . The key thing to remember when faced with late paym...

Crunch Accounting

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • Tech Blog: Style guide driven development (part one)

    When the decision was made to rebuild the Crunch website two years ago, we jumped on the opportunity to radically overhaul the way we built the front end. This wasn’t going to be “just another redesign”, nor would it simply be a short-lived uplift of spirits. This time, we were seizing the moment to change the way we worked for good. Back then, we were designing webpages for unique purposes... Rea...

  • Should self-employed workers pay more National Insurance?

    As part of The Entrepreneurial Audit (a joint project from the RSA and Crunch) twenty policy ideas have been proposed to strengthen self-employment in the UK. Over the coming weeks we’ll be examining each of them, demystifying the more complex aspects, and airing the best arguments for and against them. The first proposal we’ll be focusing on is one that would see the Government equalising Nationa...

  • Eight questions to ask yourself before going freelance

    Handing in your resignation letter to your employer can be the most liberating feeling in the world – as long as you’ve carefully analysed whether freelancing is the right career move for you. Nobody wants to go crawling back to their boss, asking to be re-employed. If you are thinking of joining the 4.7 million self-employed people in the U.K, ask yourself these questions before committing to the...

  • Self-employed plumber wins workers’ rights battle

    A new court ruling could mean that some people who are considered self-employed by the organisations they work for may be, depending on their working practices, entitled to additional rights. The Court of Appeal has today agreed with an employment tribunal ruling that Gary Smith, a plumber who worked as a self-employed contractor for the London-based firm Pimlico Plumbers, should be entitled to ri...

  • RSA & Crunch propose policies to help the self-employed

    Since Crunch launched in 2009, we’ve heard very personal stories from clients who felt government decisions didn’t support nor understand what it’s like starting your own business and freelancing. All too often, it seemed like the government had a blind-spot in relation to micro-businesses and the self-employed, leading to their needs being ignored or even harmed as new policy rolled out. But we d...

Crunch Accounting

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • How the Flat Rate VAT changes will affect a typical business

    The Government has proposed making changes to the Flat Rate Scheme for VAT (FRS) which we believe unfairly hit small businesses . The changes  are due to come into force from April 2017.  HMRC state that the aim of the new rate is to prevent abuse of the FRS system by employment agencies . Whilst obviously opposing illegitimate and bogus use of FRS, we fear that the planned changes are so broad th...

  • Six great freelance job sites (that actually pay well)

    Finding work as a freelancer can be tricky. There are a million job boards out there, but the quality of work on offer can be alarmingly low. But of course, there’s good work on offer if you know where to look. The specialists To land the juiciest gigs you have to specialise. The best clients won’t be listing their freelance and contract jobs on any of the mass-market job boards, so... Read more »...

Crunch Accounting

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • What is a payment on account and do I have to pay it?

    When you start working for yourself as a sole trader , one of the initial benefits is that you don’t have to pay tax as money comes in – unlike the PAYE system, in which employees’ earnings have tax deducted at source. As a self-employed worker, your first tax bill is likely to be due on the 31st January that falls after the end of your first financial year (which runs until... Read more » The pos...

  • Self Assessment: What happens if I miss the deadline?

    The annual deadline for submitting your Self Assessment and, if necessary, paying any tax owed, is almost upon us. If you do not file by midnight on 31st January, you face being fined – and there are potential extra penalties if you fail to settle your 2015/16 tax bill on time. To make matters worse, those who are new to the Self Assessment system could face a tax bill 50% higher than expected . H...

  • 44% of UK workers prepared to take a pay cut to do a job they love

    We humans spend an awful lot of our waking lives working. With so many people unsatisfied with what they do to make a living, isn’t it time for a change? Our research reveals that almost a third of us are working extra hours on top of our day jobs. Almost half say it’s for the extra money, while 1 in 5 are busy developing new skills. A staggering 44% said... Read more » The post 44% of UK workers ...

  • An Industrial Strategy that really works for everyone?

    This week began with both the Prime Minister Theresa May and the Secretary of State for Business, Energy and Industrial Strategy Greg Clark on the airwaves launching their Industrial Strategy ‘green paper’. Essentially it is an official draft of a strategy which they are putting out to extensive consultation before action is taken. As I recently said on BBC Sunday Politics , I think it’s hugely po...

  • Tech Blog: Our switch to a service-oriented architecture

    Our development teams at Crunch have seen a lot of changes in the last year, both in terms of architecture and ways of working. As a special treat for the more technically minded among you, here’s an overview of what’s going on. One of the biggest changes is our switch to a service-oriented architecture (SOA); a decision we made to deal with issues of scaling as the number of clients... Read more ...

  • Five signs it’s time to switch accountant

    Is your accountant better at invoicing you than looking after your accounts? Here are the top five signs it’s time think about switching accountant. 1. You’re paying far too much Sorting your accounts shouldn’t cost a fortune. If you think you might be paying over the odds, it’s time to shop around. Look for an accountant that offers a variety of packages, allowing you to pick the one that’s right...

  • What is public liability insurance and what cover do I need?

    Whether you’re operating as a sole trader or are the director of a limited company, having the correct business insurance in place is vital. Insurance cover to consider includes professional indemnity insurance,  employers’ liability insurance , and – as we explain in more detail here – public liability insurance. Public liability insurance definition Simply put, public liability insurance protect...

  • Making Tax Digital confirmed – what you need to know

    We passionately believe that the future for small businesses is digital. Using online tools helps businesses to focus on what they are best at and automate away as much administration as possible. Which is why we’ve been broadly supportive of HMRC’s Making Tax Digital programme (MTD) . We were slightly worried when the official confirmation for MTD’s timetable wasn’t announced in the Autumn Statem...

Crunch Accounting

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Seven people who quit their jobs in style

    Successful freelancers, contractors, and small business owners will often be able to tell you about the sheer glee they felt upon packing in their depressing old job and embracing self-employment freedom. Regardless of how satisfying it was hearing the office door close behind them for the last time, most would likely still have left on good (or at least amicable) terms, sensibly choosing not to r...

  • HMRC’s plans to strengthen tax avoidance sanctions

    Who could be against HMRC taking stronger action to prevent tax avoidance? Not us! In the Chancellor’s budget statement this spring , one of the measures announced plans to ensure that advisors and service firms facilitating tax avoidance systems should be held liable and accountable for supporting such activities. We wholly support this approach. Of course, the individual seeking to avoid their t...

  • Six ways to make your freelance life stress free

    Freelancers have a lot to think about. Where is your next client coming from? Have you got enough cash in the bank? Does an important client project need any edits? Have you chased that pesky late payment? Sometimes it seems the to-do list is never ending. And a never-ending to-do list often leads to stress. According to the Labour Force Survey (LFS) , work-related stress can mean losing 23 worki...

  • So what’s new as Finance Act 2016 receives Royal Assent?

    The Finance Bill became the Finance Act 2016 as it received Royal Assent this month. We have a new law which has hundreds of measures packed into it. We’ve read the whole thing so you don’t have to! Here are the main changes: Corporation Tax reduced in future years The main rate for 2016/17 is still 20%. The rate for 2017/18, 2018/19, and 2019/20 will be 19%. The rate for 2020/21 is set at... Read...

  • Chorus Stories: Lauren Bravo, Freelance Writer

    Continuing our Chorus Stories series, freelance writer Lauren Bravo shares her experiences of being self-employed. Want to tell your story? Drop us a line at chorus@crunch.co.uk . Tell us about your business! I’m a freelance writer, digital editor and, sometimes, a social media manager. What prompted you to go self-employed? I couldn’t get a job! Seriously though – after four-and-a-half years work...

  • Sleeping on the job: Is there any clarity about pay?

    Care workers are in the news again, with Unison backing 17 carers who worked for Sevacare in Haringey, North London, in a forthcoming Employment Tribunal claim about underpayment of the National Minimum Wage . To examine the latest position on whether you should be paid for sleeping while at work, we’ll look at the most important, and recent, tribunal cases. In 2012 an important case at the Employ...

  • Micro-businesses at increased risk of cyber attacks

    Sole traders and small businesses are being warned to protect themselves against fraud, as new figures show the number of attacks in the UK is rising sharply. According to watchdog Financial Fraud Action (FFA), there was a 53% increase in the number of fraud attempts in the first half of 2016, with the total number of incidents exceeding 1 million over the six-month period. These figures follow a ...

Crunch Accounting

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Six ways to grow your business at networking events

    Finding new clients is a great way to scale and grow your business. By making contact and scouting out new people to work alongside, you advance your customer base and your business. As you might expect, networking events are the perfect situation to meet like-minded folk. A study by ComRes and the British Library found that three in five British adults who are “in or seeking work” haven’t attende...

  • Bad Boss Bingo

    Has your boss driven you to the breaking point, where you’re ready to just quit your job and start work as a freelancer or contractor ? It’s actually not an unusual occurrence. It’s often said that workers, rather than quitting their job, quit people. Indeed, a reported 42% of employees have quit a job because they had a ‘bad boss’, according to a study from Approved Index. But before you clear ou...

  • Pensions gender gap increasing for self-employed women

    A rise in the number of women who run their own businesses has raised concerns that the pensions gender gap could widen in the coming years. Official figures show that in the second quarter of 2016, around 1.5 million women described themselves as self-employed, representing a rise of 22% over the past four years. This is double the rate of growth of male self-employment. But government statistics...

  • Crunch shortlisted for bushel of awards

    Following on from our inclusion in the high growth Sunday Times Tech Track 100 and Accountancy Age 50+50 , we’re delighted to be shortlisted for a host of top tech and accounting awards. The full list of awards we’re up for is as follows: British Accountancy Awards Mid-Tier Firm of the Year Most Innovative Practice (Mid-Tier Firm) New Practitioner of the Year (for our technical accounting manager,...

  • Team Crunch scoops gold and silver at Starr Water Wars

    It was fun and games aplenty at the Starr Water Wars charity event on Sunday, run by the Starr Trust – a charity helping young people fulfill their potential. With the September sun shining down on Hove Lagoon, the day involved teams from the local area competing in a series of water-based challenges, including paddle boarding, raft building, and kayak water polo. And we’re also obviously delighte...

Crunch Accounting

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Grow your business: Sign up for our free networking event

    Fancy a bit of free networking with like-minded folk? Join us and lots of friendly micro-business owners in Central London for an evening of networking, business support, and few free drinks . Date: Thursday, September 22, 2016 Time: 18:30 – 23:30 Location: Copa de Cava , 33 Blackfriars Lane, London, EC4V 6EP Our networking events regularly attract over 100 micro-business owners, and for this even...

  • Eight things successful people all do

    We all want to be successful, right? Whether success means getting that promotion you’ve been longing for, quitting your job and going freelance, or hiring your first employee; we’ve outlined some pro tips that successful people rely on. #SorryNotSorry Unless you’re genuinely sorry for doing something wrong or interrupting, never start sentences with the word “sorry”. We all do it and it isn’t nee...

  • What will we do when robots take our jobs?

    “The factory of the future will have only two employees: a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment.” These aren’t the paranoid ramblings of a doom-bringing anti-capitalist, but the words of Carl Bass, CEO of multinational corporation Autodesk. And do you know what? He might not be wrong. Simply comparing the... Read mo...

  • The ultimate list of freelancing tools

    Navigating your way through freelancing can be tough. There’s keeping track of invoices , understanding what expenses you can claim, knowing the difference between being a sole trader and limited company , and – perhaps most importantly – keeping on top of your cashflow . When it comes to actually getting your work done, there are a host of tools out there that can help you twist and turn your way...

  • Micro-businesses overpaying on energy bills by £7bn a year

    Small businesses are overpaying on their energy bills to the tune of a collective £7 billion a year, new research claims. Figures from price-comparison service Energyhelpline suggest that companies which fail to shop around for the most competitive deals on gas and electricity end up paying over £500 a year too much. But a huge number of small firms have never changed their suppliers. A recent inv...

  • Finance Bill 2016 effectively complete, dividend tax amendment falls

    Amidst the continued confusion over what the Government’s Brexit position might actually be , other important business continued in Parliament this week. In particular, it was effectively the final chance for the Finance Bill 2016 to be amended. The bill will shortly be returning to the Lords, but as it is a “Money Bill” no further amendments are possible once the Commons completes the third and f...

  • What on earth is Quantitative Easing?

    In August 2016, the Bank of England announced another imminent bout of ‘Quantitative Easing’ as a result of economic unrest following the Brexit vote. Now, Quantitative Easing is a hard enough term to spell or pronounce, let alone decipher without sounding like you’re trying to explain complex brain surgery, or what happened at the end of ‘LOST’. Nonetheless, here’s a short walkthrough, broken dow...

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