0161 341 0368

info@parallax-consultancy.co.uk

Providing financial clarity and direction

Five ways you can help local businesses

As restrictions are lifted and we slowly emerge from lockdown we would be naïve to think that everything will go back to being just as it was. Local business owners have been through the most disruptive and damaging period that they will probably ever face. Now they have the mammoth task of picking up the

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Sole trader vs limited company, what’s the difference?

Every business – large or small needs a legal structure and we often get asked which one is right for me? With 3.5 million sole traders in the UK and 2 million limited companies, these are the most common types. Sole traders may be a popular structure but incorporating your company could make it more

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Paws for Thought

Research shows that having pets in the office can reduce stress and raise productivity. We certainly agree, which is why we have three four-legged friends in the office. Bella and Cleo are mum and daughter golden retrievers and MiuMiu is our tabby cat. For our clients who do like dogs, Bella and Cleo are on

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Five reasons you need an accountant in 2021

When businesses found themselves in the eye of the Covid-19 storm during 2020, government assistance like furlough, grants and deferred tax payments all helped them stay afloat. But all this help is set to bring a few financial surprises in 2021, and, with Brexit thrown into the mix, businesses may find themselves ill-prepared for the

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How to improve your cashflow during the pandemic

Cashflow is at the heart of everything we do in business and in these troubled times it’s more important than ever that we keep abreast of anything that might adversely affect it. Covid-19 brought with it a fall in economic activity, leaving many firms facing a cashflow deficit, putting them and their employees at risk.

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How accountancy expertise can help your business fight back after Covid-19

However your finances have fared during the pandemic, we have a wealth of expertise to share to help you prosper. We can advise on funding from regional, national and European sources that’s earmarked for business growth and development. That means we can also help you understand how particular funding can be relevant to your own

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The pros and cons of manual and computerised record keeping

Since April 2019, VAT-registered businesses and self-employed people with a turnover of more than the £85,000 VAT threshold have had to use accounting software though the Making Tax Digital gateway to file their VAT returns. From April 2022, HMRC wants all VAT-registered businesses to adhere to Making Tax Digital. Self-employed people and landlords with a

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Does a new business need an accountant?

It can be very tempting to answer this question with a ‘no.’ If you’re an ambitious new business owner determined to be successful and keep a firm hold of your profits, then spending your hard-won cash on an accountant from the start may not seem the best idea. Maybe you have friends or family who

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Partnering with credit unions

Is there more room for partnership working to facilitate an improvement to the financial inclusion agenda? The Welsh Government promoted credit unions with strong advertising campaigns and asked organisations to partner with them, but no such political activity has been as strongly evident in England where membership levels in credit unions are still lower than

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Want to find out more?

If you have any questions about our services then please do not hesitate to get in touch with our friendly team! You can call Lesley Kay on 0161 341 0368.

© 2015 Parallax Consultancy