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The whole point of starting a business is to make money, right? To do that you must be profitable, but even then, with a healthy-looking monthly profit or loss statement, you can run into cash flow issues. Xero have released data showing the top 1... Read More

I recently spoke with Soldo, a spend management platform that is revolutionising expense management, about adapting and thriving in a tech-enabled world. We discussed the Digital Practice and how it has evolved over the years, the ideal technolog... Read More

Perhaps we’ve been recommended to you, or you’ve been browsing our website and you like what you see. But what happens next?Firstly, talk to us! Whether that’s via an email, social media message or a phone call. A member of our Client Services Team... Read More

So you’re considering a change of accountant, or you're just starting out... what do you need to consider when looking for a new accountant?Firstly, as you’d expect, make sure they’re qualified.Secondly, software! We’re sure you’ve heard of Making Ta... Read More

What is S455 tax?

Posted by: Amy Patterson

This tax is usually payable when you live beyond your means! Well not always, but quite often!S455 tax is essentially a holding tax payable by the company. If your Director’s Loan Account is overdrawn at the end of the company accounting year, and... Read More

How to pay an overdrawn Director’s Loan AccountWhoops…you have got an overdrawn Director’s Loan Account!Here is how to pay it… There are two ways to clear an overdrawn Director’s Loan Account:You can pay the overdrawn sum using your personal accoun... Read More

What’s an overdrawn Director’s Loan Account?An overdrawn Director’s Loan Account is where you, as a Director, have taken money out of the company that is not classed as a dividend or salary and the figure exceeds any money that you have put into... Read More

What is a Director’s Loan?

Posted by: Amy Patterson

A Director’s Loan Account (DLA) is a record of transactions between a Director and the company. For example, if a Director pays for anything for personal use through the company (i.e. weekly food shop), this money is owed back to the company. If a... Read More

Best Pub in Norfolk!

Posted by: Amy Patterson

After a fantastic collaboration with Norwich City of Ale for a second year running we’ve decided to further extend our involvement in the hospitality sector and sponsor the Best Pub category at the EAT Food & Drink Awards 2018.Our head office is b... Read More

National Employee Appreciation Day

Posted by: Amy Patterson

We may be ever so slightly biased but we have the BEST team here at Farnell Clarke! It’s thanks to our hard-working, enthusiastic, caring team that we are able to service many clients, not just with their accounts but support them with their busin... Read More

With an ever-growing business, we’re often looking for new talent to join our team. From trainee account handlers through to accounts managers, and everything in-between!Of course, skills are an important factor when it comes to hiring a new team... Read More

Fall in love with cloud accounting

Posted by: Amy Patterson

Fed up of organising your receipts and spending hours on your accounts? We fell in love with cloud accounting back in 2009 and we think you’ll love it too (if you don’t already!)What does cloud accounting actually mean? Cloud accounting is software... Read More