Archive for tag: online accountancy

Rise of the Self-Employed Has Implications for Tax: Magic Accounts Offers Advice To Freelancers

online accountant

Magic Accounts, a leading online accountancy service in the Midlands, is urging Britain’s freelance and self-employed population to be aware of their tax obligations, as it emerges that the number of people registered as self-employed in the UK has soared over the past five years. Around 3.8 million people were registered as self-employed in 2008, […]

Intuit Accountancy Report Has Pronounced Implications for Accountants and SMEs


A report tracking the shifts and upcoming trends in the world of accountancy has revealed some interesting ideas about where the future of SME accounting lies: in part-time, online accounting services with remote cloud access and flexibility a key aspect. Intuit’s ‘Future of Accounting 2013’ report reveals that the way accountancy practices function, and attitudes […]

Leading Online Accountants Urge SMEs to Be On the Ball with Finances This Christmas

online accounting for businesses

Magic Accounts, online accountants serving SMEs across the country, are encouraging the owners of small businesses to be extra vigilant about their financial duties over the Christmas season, as the workload increases dramatically and some businesses owners find it hard to remain organised. Whether by dedicating a set time in the day to sorting out […]

Online Accountants Offer Advice to SMEs Attempting to Avoid Late Payment Culture

Late payment tips from online accountants

In conjunction with a new EU directive aiming to avoid payment mishaps and deal with the effects of late payments for SMEs, one of the UK’s leading online accountants is urging all business owners to take a stand against the ‘late payment culture’ which has swept the nation and threatened hundreds of businesses. Magic Accounts […]

Online Accounting Service Puts A Stop To Small Business Worries

Hands working on the calculator

Online accountancy service Magic Accounts is helping to put an end to the financial worries that plague many small business owners attempting to go it alone. Statistics show that 50% of small businesses worry about making a mistake when calculating tax payments, and 20% of these businesses experience some difficult in figuring out how much […]

SMEs Want More Technological Engagement from their Accountants

Mobility, business and finance concept

A recent survey by SAGE, one of the industry leaders in all things accounting, has revealed that 39% of small business owners would like their accountants to utilise technology more effectively in order to stay in contact. The ‘Pulse Survey 2013’ was undertaken to explore the relationship between accountants and their clients, and almost 4 in […]

Online, Cloud-Based Accounting: Remain In The Loop

Desktop computer screen, tax form or invoice

Could cloud-based accounting increase a small business’ financial awareness of their own circumstances? A report from YouGov suggests that SME business owners feel out of the loop when it comes to their business finances, to the extent that the majority do not know what their tax liabilities mean for their business. The statistics reveal that […]

The Benefits of a Fixed-Fee Accountancy Service

spare change - pounds

Fixed-fee accountancy services are a one-stop shop for businesses who need a comprehensive and unlimited service. Where traditional accountants might charge erratically and inconsistently depending on how much time they spent on a certain client’s account within a certain period, fixed-fee accountancy firms charge a set amount for all businesses; a policy which has a […]

“The Smart Accountant” – Magic Accounts Featured in Influential SAGE Presentation


Magic Accounts has been featured in a presentation from industry leaders SAGE, at one of the world’s leading accountancy events. “The Smart Accountant” was delivered by former accountant and SAGE’s Strategic European Director Accountants, Matt Forrest, who used the thirty-minute presentation to present a range of information about key research and trends, offering insight into […]

Top Bookkeeping Mistakes Made By SMEs

online accountant

Poor financial management is one of the leading causes of business failure within the first five years of their start-up. Many small businesses make bookkeeping errors and costly mistakes, or they simply neglect to give their books the attention that they need, meaning they lose track of their finances and eventually, lose control of their […]