Welcome to the One Abacus blog.

We are a small firm of accountants specialising in solutions for contractors, freelancers and small businesses. Our mission is to demystify the world of accounts and taxation through our down to earth, straight talking advice. We’ll also aim to keep you informed of significant industry changes and their potential effects on you as and when they arise so please feel free to check in when you can!

Posted on 26/01/2017

How To Find The Best Accountants For Contractors

One Abacus Accounting is based in Camberwell, near Brixton and Streatham and is a company dedicated to serving contractors, sole traders and small to medium sized companies. With both local and national focus we offer a full range of contractor accounting services that are designed for smaller businesses. We can help with everything from regular accounting services to the dreaded end of year self-assessment tax return, and will do so with a professional approach every time. We understand fully the needs of the smaller business, and will help in any way we can to take the pressure off you and leave you to get on with what you do best.

Posted on 16/11/2016

Is It Wise To Take Care Of Your Own Accounts?

When it comes to running a small business, there are many jobs that need taking care of that you may not have much experience with. While you probably have in-depth knowledge about the products or services you are selling, other tasks such as managing staff and doing the accounting could be totally alien to you. In terms of accounting, it is vital that you take this responsibility seriously because failure to record accurate accounts could see you in trouble with HMRC.

Posted on 04/10/2016

Survey Reveals Conveyancing Firms Miss Out On Disbursement Charges Due To Bookkeeping Errors

Bookkeeping errors can often lead to lower profits for businesses; in some more serious cases, they can result in problems with HMRC. It is vital, therefore, that as a business owner, you ensure that your bookkeeping and accounting is carried out correctly and accurately. One Abacus can help with that.

Posted on 30/09/2016

Why It Is Essential To Ensure Business Accounting Is Accurate

Incorrect accounts can lead to hefty penalties by HMRC, so it is vital that this is one area of a business that is given the attention it deserves.

Posted on 14/09/2016

Accounting Errors Sees BT Hit With £145 Million Charge

The errors were discovered after an internal inquiry found that there had been ‘historical accounting errors’. BT said it has now ‘reassessed certain areas of management judgement’. The good news was that the errors had not had an adverse impact on the reported earnings of the company over the past two years, but BT admitted that the £145 million charge was their estimate of the financial implications of their investigation. They said, “The write-down relates to balances that have built up over a number of years.”

Page 3 of 5