Accounting Issues Archives - Page 2 of 7

News,May 2018

What is Fair Value Accounting? Definition, Method and Difficulties

Mia Hamilton14/12/2023Accountants , Accountants for Contractors , Accounting , Accounting Issues , accounting software , Bookkeeping

Let’s dive into our discussion about what is fair value accounting. It’s an accounting approach that’s gaining traction in the UK and globally. Fair value accounting involves valuing assets and liabilities based on their current market prices, providing a more accurate reflection of their true worth. This method enhances transparency and relevance in financial reporting, …

What is Audit and Assurance in Accounting?

Mia Hamilton13/12/2023Accountants , Accounting , Accounting Issues

Are you seeking facts about what is audit and assurance in accounting? Well, when it comes to financial reporting and ensuring the accuracy and reliability of information, the concepts of audit and assurance play a crucial role. Both audit and assurance engagements aim to provide confidence and credibility to stakeholders, but they have distinct differences …

How to Read Micro Company Accounts?

Mia Hamilton01/11/2023Accountants , Accountants for Contractors , Accounting , Accounting Issues

Are you associated with the business world and running your micro company? You must be aware of how to read micro-company accounts. In this guide, we will also explore the benefits of using an accountant to file these accounts in the UK. Moreover, the highlighted details will explain how accountants can ensure accuracy and compliance, …

How Xero Works for Your Business Expansion?

Mia Hamilton20/09/2023Accountants , Accountants for Contractors , Accounting , Accounting Issues , accounting software

Are you new to Xero and aim to learn how Xero works for your business expansion? This discussion will explain various facts related to expanding your business, including using Xero to expand geographically and target new customer segments. We will also discuss strategies such as setting up Google My Business, optimising existing content, and improving …

Closing Balance: The Ultimate Guide for Understanding Your Financials

Mia Hamilton12/07/2023Accounting , Accounting Issues

The closing balance is a key financial metric that shows the money that is in an account after all transactions have been recorded. It is often used to reconcile accounts and ensure that all transactions have been recorded accurately. The closing balance can be calculated for any type of account, including bank accounts, sales accounts, …

What is Adjusted Net Income?

Mia Hamilton21/06/2023Accountants , Accounting Issues , Bookkeeping

In simple words, we can call the adjusted net income the total taxable income. The money you are earning from freelancing along with rental income and salary is included in the list of net adjusted income. On the other hand, charities, donations, pension contributions, and losses and reliefs from the yester years are not considered …

What is Sales Ledger Control Account?

Mia Hamilton20/06/2023Accountants , Accounting , Accounting Issues

When it comes to trading control, the sales ledger control account is always connected to the discussion as it plays a vital role in getting the job done. It is also known by the names of the control accounts of trade debtors. It is imperative to do the record maintaining of the monetary. This is …

How Do I Claim a CIS Refund?

Mia Hamilton19/06/2023Accounting Issues , Business

Are you a resident of the UK looking for a possible way that can help you to claim a CIS refund? If yes, you are on the right page and the construction industry scheme is for you if one is working in the capacity of an agent or a limited company. In the case of …

What is a Nominal Ledger in Accounting?

Mia Hamilton15/06/2023Accountants , Accounting , Accounting Issues , accounting software

In simple words, the nominal ledger refers to a kind of electrical file used to keep a record of all the transactions that are being done through the company’s buying and selling activities. This helps a lot actually to keep the debit and credit equal. Sometimes we also refer to the nominal leader as the …

What are the Tips to Get Your Books Ready for End of Year?

Mia Hamilton05/01/2023Accountants , Accounting , Accounting Issues , Bookkeeping

It becomes critical and hectic especially for the finances team when the tax year is coming towards an end. It is a tendency among businesses that the finance professionals get their owners burry under the heps of accounting requirements, financial reports, and other relevant statements. It takes around a month time period for the accounting …

Aamara Waqas

2023-08-27

Caroline Oake

2021-11-14

James Smith

2020-08-11

For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.

Maurizio Paolella

2019-12-08

Reliable professionals - I would certainly recommend.

Anna Ruse

2019-11-21

After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.

Alan Harwood

2019-10-22

John Agbai

2019-06-26

Very professional and knowledgeable in all aspects of taxation. A great team to have onside.

Simon Piller

2019-04-03

Susan provides a very efficient payroll service for me.

Johanna Cargill

2019-01-21

Excellent, no complaints. Always willing to help!

Rebecca Smith

2015-04-20

Fantastic customer service, would 100% recommend!!