LEO Bookkeeping Services

Working sustainably has always been a good idea for businesses, helping to save money and build good relationships with customers.
This year some changes and new regulations will also have an impact.
Several major government grant schemes for renewable energy installation ended in March. However, the business case for solar panels, heat pumps, or LED lighting refits could still make sense.
If you’re a retailer or selling online the Extended Producer Responsibility (EPR) for packaging could be important. You may now have to cover the cost of recycling packaging waste. If you use difficult-to-recycle materials, you will face higher fees.
It’s time to review whether you can use ‘EPR-compliant’ recyclable materials like cardboard to reduce costs.

From all of us to all of you: Have a great day, whatever you’re doing.

Do you think you might be missing some important about your business?
Accounting software in the cloud like Xero can help make sure you have all the details you need at your fingertips.
Find out more:
https://www.leobs.co.uk/services/xero/

Are you a company director? Do you use your company car for both personal and business purposes?
Are you sure you’re taking the most tax efficient approach?
The best option for you could depend on several things, including your tax status, company cashflow, amount of private use and your choice of electric, petrol or diesel car.
Find out more in our blog:
https://www.leobs.co.uk/blog/tax-efficient-company-car-choices-for-directors/

Businesses rely on many digital tools from emails to online banking.
It’s important to keep all your IT systems and processes safe and secure.
Cyber Essentials certification is now a requirement for many government and supply chain contracts. This year it has seen significant updates, including stricter requirements for Multi-Factor Authentication (MFA).
If you use a platform like Xero, Microsoft 365, or Gmail, you must have MFA to pass the assessment.
You must also maintain a working backup of your business’s critical data, separate from your main computer.
Don't wait for your Cyber Essentials renewal. Check your now.
Here’s some useful information.
https://www.ncsc.gov.uk/files/cyber-essentials-requirements-for-it-infrastructure-v3-3.pdf

We always aim to build strong, long-term relationships with our clients.
We recommend accounting software in the cloud, so you always have the latest information too.
If you’re looking for clear and helpful advice about your business finances, let’s have a chat.

If you feel you’re cramming too much into your working week, we can help.
We can look after your day to day and make sure they match your bank account and credit card statements.
This saves you time and you have peace of mind, knowing your financial information is up to date and accurate.

Sending out invoices promptly helps keep your business cashflow healthy.
However, you must also make sure payments arrive on time.
A good invoice management strategy can improve business performance and reduce administration.
https://www.leobs.co.uk/blog/do-you-have-an-invoicing-strategy/

The new Employment Rights Act has made some significant changes affecting employers.
For example, employees now have unfair dismissal rights after six months, rather than two years.
It’s important to make sure you have reviews in place during an employee’s first six months.
Entitlements from the first day of employment include paternity leave, unpaid parental leave, and protection from harassment.
In response, some businesses are now choosing retained services or freelance support as an alternative to recruiting new people.
See more information in our blog:
https://www.leobs.co.uk/blog/are-you-ready-for-new-employment-rights/

If your business challenges feel a bit like an uphill struggle today, try breaking them down into achievable steps.
You can ask others to help and reward everyone involved when you succeed – even if it’s only tea and biscuits.
If you need some help with your mountain of invoices and receipts, we’re happy to lend a hand.