Shmunky launches “Shmunky Hub” A new online resource for business owners Access The Hub We are delighted to announce the launch of the Shmunky Hub. The free online resource has been designed to give business owners, just like you, an introduction to all you need to know about bookkeeping for your business. The hub is […]
Shmunky wins Best Business Support & Bookkeeping Company 2020 in SME News Magazine Enterprise Awards 2020 We are delighted to announce that we have been awarded Best Business Support & Bookkeeping Company in the SME News Magazine 2020 Enterprise Awards. Now in its fourth year, the SME UK Enterprise Awards continues to recognise SMEs of […]
What does a bookkeeper do and why do I need one? In this article, we are going to take a look at precisely what a bookkeeper does. Firstly, we should state that they do not keep books; instead, they keep a tight hold on financial records. At some point in time, financial records were kept […]
All you need to know about changes to company car tax on electric vehicles As the motoring industry looks toward a greener future, a review of how Benefit In Kind (BIK) tax is levied has delivered welcome news for drivers of company cars. For the tax year 2020/21, changes to company car tax on electric […]
The Best Small Business Accounting Software and why you need to use it If you’re self-employed or run a small business, the problem of accounting is always at the back of your mind. You have a legal duty to produce accounts, do payroll, and provide tax returns, but if you’re like most business owners, these […]
7 Differences Between Bookkeeping and Accounting Accounting and bookkeeping are key business functions and are often used interchangeably. However, these terms have different meanings and functions. While bookkeeping involves recording all the transactions in business, accounting provides the inspection of the final accounts. The two functions (when used correctly) can provide the business owner with […]
5 Benefits of Cloud Accounting for Your Business 5 Benefits of cloud accounting for your business Cloud-accounting is still a fairly new concept to many business owners. It is based on the action of using cloud-accounting software, such as Xero or QuickBooks in order to manage the bookkeeping online. Cloud accounting offers, flexibility, as the accounting software […]
Cash Flow – How can you be in charge? Cash flow, namely, the total amount of money being transferred in and out of your business. It is the lifeline of your eventual success or failure. Business owners, the world over, struggle making key decisions on how to fully utilise the business cash flow. According to new […]
If you’ve ever learned a new skill, like learning a new language or taken up a new personal interest such as learning to play a musical instrument, you’ll know how satisfying it can feel to reach a significant goal. You have changed yourself for the better – that is a truly empowering thought! Good habits […]
The new General Data Protection Regulation (GDPR) is set to come into effect on 25th May 2018, at which time those organisations in non-compliance may face heavy fines. What is the GDPR? The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower […]
Understanding Accounts – Running a business is hard work. Wearing all the hats is daunting. Understanding accounts and all the financial terminology is a tough feat. It is highly likely that, as a business owner, you will need to analyze a spreadsheet at some point or delve into some form of financial recording software as […]
HOW TO BE MORE ORGANIZED… Take a minute to think about how much time you actually waste throughout your day due to disorganization. Perhaps, you spend 5 minutes looking for a file, another 10 minutes looking for an important email and another 5 minutes looking for your to-do list under the large stack of paperwork […]
Time Organisation Tools However compensation is calculated in your organisation, the end factor is that time costs money. It’s the reason many businesses have time sheets and why factory workers have to clock in and out on a daily basis. It is the reason that project managers running various projects allocate a proportion of their time […]
Having worked with numerous individuals in a few countries, it is clear to see that time management is an issue all over the world. So how can you improve your skills and be a time management guru? Take a look at some of the common mistakes we all make and see where you can improve […]
The definition of communication Think of how often you communicate with people throughout the day. You write emails, participate in meetings and conference calls, debate with your colleagues, the list is endless. We spend our entire life communicating in different languages the world over. Even the animal kingdom has a way of communicating. Have you ever […]
Benefits of having a Virtual Admin Assistant help your small business… Running a business is tough work. You’re either thinking of key strategies to knock down your competitors or considering how your small business can move up the so called ‘food chain’. There are overheads, taxes and bills to think of. While doing all of this […]
Virtual Admin assistants can add a fantastic spin to your small business, saving you precious time and helping you to utilise your resources. You can truly gain from their specialised skills and vast knowledge of a variety of tasks enabling them to optimise your business. Qualities to look for in a new Virtual Admin Assistant […]