July 2025
Cloud Accounting: Why It’s Time to Make the Switch
The way businesses manage their finances has changed—cloud accounting is now the standard for efficiency, accuracy, and flexibility. If you’re still using spreadsheets or desktop software, here’s why you should consider switching. 1. Access Anywhere, Anytime With cloud accounting software, your data is available 24/7 from any device. Whether you're at home, at the office, or on the go, you can check your financials in real time. 2. Automatic Updates & Backups No more software installations or version issues. Your data is backed up automatically, and updates happen seamlessly in the background. 3. Easy Collaboration You and your accountant can
5 Common Tax Mistakes Small Business Owners Make – and How to Avoid Them
Running a small business is demanding - taxes shouldn’t add to the stress. At Coombs Chartered Accountants, we often see the same avoidable errors pop up year after year. Here are five common tax mistakes and how you can steer clear of them. 1. Missing Tax Deadlines Late submissions often lead to penalties and interest charges. Set calendar reminders and talk to your accountant well in advance of the due date to ensure you’re prepared. 2. Poor Record Keeping Without organised records, it’s easy to overlook expenses or misreport income. Keep digital or paper records of all invoices, receipts, and