Zerofuss Bookkeeping

19/04/2023

Common Xero Mistakes

14/04/2023

Corporation Tax Rate 2023-2024

12/04/2023

Tax Bands 2023-2024

07/04/2023

National Minimum Wage 2023-2024

05/04/2023

Anyone can provide accountancy and bookkeeping services, regardless of whether they have specialist experience, technical skills, qualifications, or professional indemnity insurance.

Always check the qualifications and experience of your bookkeeper and accountant.

Qualified bookkeepers and accountants will be members of a professional body, this means they are regulated, monitored, and have to keep their technical knowledge up to date.

31/03/2023

It is key that you pick your accountant wisely, we all have our own specialisms and it is important that you pick the right advisor for your business.

29/03/2023

Who is still keeping paper records?

Save yourself and your accountant time by using apps such as or .entry to automate and digitalise.

24/03/2023

Most businesses try to cut costs on their bookkeeping, primarily by undertaking it themselves. However, if your record keeping isn’t up to your accountant’s standard they will always charge more to correct the information, even if this isn’t explicitly mentioned in their fees.

Save money by using a qualified and experienced bookkeeper.

22/03/2023

Do you know who’s processing your information?

Did you know that many accounting firms outsource the processing of your bookkeeping, payroll, and statutory accounts to other countries in order to save money and maximise their profits.

23/03/2020

Support for businesses paying tax: Time to Pay service
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.

These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities.

Eligibility
You are eligible if your business:

pays tax to the UK government
has outstanding tax liabilities
How to access the scheme
If you have missed a tax payment or you might miss your next payment due to COVID-19, please call HMRC’s dedicated helpline: 0800 0159 559.

If you’re worried about a future payment, please call us nearer the time.

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23/03/2020

Support for larger firms through the COVID-19 Corporate Financing Facility
Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.

This will support your company if it has been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.

It will also support corporate finance markets overall and ease the supply of credit to all firms.

Eligibility
All non-financial companies that meet the criteria set out on the Bank of England’s website are eligible.

How to access the scheme
The scheme is now available for applications.

More information is available from the Bank of England.

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23/03/2020

Support for businesses through the Coronavirus Business Interruption Loan Scheme
The temporary Coronavirus Business Interruption Loan Scheme will support SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years.

The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will benefit from no upfront costs and lower initial repayments.

The government will provide lenders with a guarantee of 80% on each loan (subject to pre-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs. The scheme will be delivered through commercial lenders, backed by the government-owned British Business Bank.

There are 40 accredited lenders able to offer the scheme, including all the major banks.

Eligibility
You are eligible for the scheme if:

your business is UK based, with turnover of no more than £45 million per year
your business meets the other British Business Bank eligibility criteria
How to access the scheme
The scheme is now open for applications. All major banks are offering this scheme.

To apply, you should talk to your bank or one of the 40 accredited finance providers (not the British Business Bank) as soon as possible, to discuss your business plan. You can find out the latest on the best ways to contact them via their websites. Please note that branches may currently be shut down to enable social distancing.

The full rules of the scheme and the list of accredited lenders are available on the British Business Bank website.

If you have an existing loan with monthly repayments you may want to ask for a repayment holiday to help with cash flow.

We use cookies to collect information about how you use GOV.UK. We use this information to make the website work as well as possible and improve government services.