Ascentant Blog
Business help and support through COVID-19

Further to recent developments, we have been contacted by a lot of clients who are looking for consolidated advice in one place or details on how to claim for certain schemes. General advice can be found on the .GOV website here, covering current restrictions, protecting yourself, employment support, business support, travel advice and public sector […]

Ascentant Are Cyber Secure

Ascentant are pleased to announce that it has been accredited ‘Cyber Secure’ by Cyber Essentials. Cyber Essentials is a Government-backed, industry-supported scheme to help organisations protect themselves against common online threats. From 1 October 2014, Government requires all suppliers bidding for contracts involving the handling of certain sensitive and personal information to be certified against […]

Bookkeeping – Creditors & Debtors

As part of the initial investigation when Ascentant Accountants take on a new Bookkeeping client, is a close look  at the age of the invoices the company has received that are still outstanding, ie a Creditors Report. These can no doubt be supplied by the Company’s Accountancy / Bookkeeping software, but how reliable are the […]

Winding Down CJRS – furloughed employees

The Chancellor has announced the winding down of the furlough scheme for employers. The current scheme will wind down with its current terms applicable for June and July with payroll upto £2500 able to be claimed upto 80% of an employees salary. In August, employers will need to contribute employer NI contributions and employee pension […]

Northshoring,Outsourced,Virtual – The Future of Law Firms

Covid19 & the future law firm The Covid-19 pandemic has hit law firms hard and forced them to implement business continuity plans and utilise different ways of working, never thought possible 12 months ago.But with advances in technology and amendments to the SRA regulatory framework, will this lead to the evolution of legal practices? Law […]

Assistance with Coronavirus Job Retention Scheme

“I need help filling in the Jobs Retention Scheme Form” is the most common question we are being asked at the moment. Here Kevin Drew, Ascentant’s Managing Director, offers timely advice. Coronavirus Job Retention Scheme The Coronavirus Job Retention Scheme (CJRS) went live on 20th April 2020 and employers can now claim a grant from […]

Ascentant: Your Virtual Accountants

How Remote is your Accountant? How is your accountant coping during lockdown? Is it business as usual? Are they still answering their phone and emails? Are your usual team responding to requests or have they been furloughed? From the beginning, Ascentant have specialised in providing remote outsourced Accountancy solutions to businesses across the country, establishing […]

Buy-To-Let In Derby 2020

Recently, owing to various political factors, the confidence in the UK stock market and pension funds has been inconsistent. The UK property market, whilst cyclical, has proved over the long-term to be a safe and sometimes very lucrative investment, resulting in an increased interest in the Buy-To-Let aspect of the rental sector. Buy-to-let involves investing […]

Updated Solicitors Accounts Rules from 25th November 2019

The updated Solicitors Accounts Rules come into force along with the updated Solicitors Handbook on 25th November 2019. The New Solicitors Accounts Rules can be found here. There are also a number of guidance notes which can be found as follows: Do I need to operate a client account? Third Party Managed Accounts (TPMA’s) Joint […]

VAT on disbursements and recharges

The Law Society have updated their guidance on VAT on disbursements and expenses as per the practice note below. We have tried to summarise this below, but please familiarise yourself with the practice note in full: https://www.lawsociety.org.uk/support-services/advice/articles/vat-treatment-of-disbursements-and-expenses/ It will have an effect on the way that client bills should be presented and accounts payables are […]