Carter Clear

Connect your SumUp Account to Xero – A Detailed Guide

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] Connecting your SumUp POS system to Xero can be a game-changer for businesses in the retail and hospitality sector. The integration of these two platforms enables seamless transfer of data, reducing the time and effort needed to manage your books. […]

Turn Your Passion into a Profitable Side Hustle: A Guide to Tax and Accounting

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] Starting a side business based on a hobby can be an exciting opportunity to turn your passion into a profitable venture. But along with the thrill of entrepreneurship, you must also consider the financial and tax implications. Good news though, […]

The Difference between Bookkeepers and Accountants: What They Do and How They Can Help Your Business

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] The terms bookkeeper and accountant are often used interchangeably, but despite their similarities, these roles serve different purposes. In this article, we will take a look at the key differences between bookkeepers and accountants and what services they can offer […]

7 Essential Steps to Hire Your First Employee in the UK: A Comprehensive Guide

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] Employing staff for the first time is a crucial milestone for any business, as it opens up new opportunities for growth and expansion. However, it is also a process that requires careful preparation and attention to detail, as there are […]

Maximising Your Capital Allowances: An Overview of the AIA and Super Deduction

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] Capital allowances are tax reliefs that allow businesses to claim relief on the cost of certain assets that they purchase and use in their business. These allowances are designed to encourage investment in these assets, which are typically plant and […]

Maximising Savings with the Super Deduction on Capital Allowances: Take Action Before the March 2023 Deadline

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] The super deduction is a time-limited capital allowance that gives businesses 130% first-year relief on qualifying plant and machinery investments. This allowance was introduced by the UK government in April 2021 as part of its economic response to the COVID-19 […]

Why Your Bank Balance Doesn’t Match Your Xero Balance and How to Fix It

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] As a business owner, it’s essential to keep track of your finances. One of the most crucial tasks is reconciling your bank balance in Xero with your actual bank statement. If your two balances don’t match, it could mean that […]

How to Register for Self Assessment: A Step-by-Step Guide

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] elf Assessment is a system set up by the HM Revenue and Customs (HMRC) for individuals to report their income and calculate the tax they owe. If you are self-employed or have untaxed income, such as rental income, investment income, […]

Managing Your GoCardless Account with the Help of Carter Clear

[et_pb_section fb_built=”1″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”] GoCardless is a direct debit management platform that allows businesses to collect recurring payments from their customers. It is a simple and efficient way of keeping track of payments and reducing the need for manual invoicing and follow-up. However, for […]