GO Get Organised & shape up your finances!

shape your business











Do you know where your business will be in five years’ time? Or whether you’ll make a profit this year? Do you sometimes wish you could just discuss ideas with someone who really understands how businesses work and won’t judge you? Our business and finance advisor, Hilary Singleton, can help with all of these things and much, much more.

Hilary specialises in working with SMEs who can’t afford a full-time business advisor but could really benefit from their expertise. She brings over 20 years’ experience working within a whole range of companies – from engineering to manufacturing, from software developers to hi-tech start-ups. “Because I’ve been involved in such a variety of industries,” she says, “I think I can help most businesses – fundamentally most of them have the same sort of problems anyway.”

Hilary can help with a wide variety of tasks, including strategic planning, producing business plans for loan applications, transitioning through a period of rapid change, HR/contract/legal issues and so on. For most clients she recommends starting off by carrying out a thorough business review.

What is this for? “The purpose of a business review,” explains Hilary, “is to look at the business as a whole, to understand what its strengths and weaknesses are. It’s a sort of snapshot of where the company is and what could be improved. The aim is to help them understand what they’re trying to achieve, how they’re going to go about it, and what information they need to make sure they get there.”

Hilary’s approach is supportive and respectful; she recognises that while some small business owners might not be so adept at the financial/strategic side of things, they are experts in their own field. “Usually businesses are set up by one person who’s got a very good idea,” she says. “As the business grows, people like bank managers need them to be more structured, but that doesn’t play to a lot of people’s strengths. If they’re an engineer or a scientist then they’re not necessarily going to be interested in or particularly good at the business side of things. Someone like me can help with that. Business owners are very good at what they do – I’ve just got a different skill set.”

As well as benefitting from the specific services that she offers, such as producing budgets, Hilary finds that clients value simply having someone to talk to about their business problems and aspirations, and help them think things through. “It’s nice to have an impartial person,” she explains, “somebody to bounce ideas off, who’s not going to judge them at all – who might say ‘well that’s a good idea, but have you tried this?’ I think people find me easy to talk to.”

As a member of GO Get Organised Finance’s team, Hilary is available to work on a flexible basis, and this is hugely advantageous to smaller businesses, in particular, who otherwise might not be able to access such expertise. “Clients can buy into my skill set as and when they can afford to, depending on what they need,” she says. “They control it and it’s agreed beforehand what it is I will actually do and what they will get out of it. They’re very clear about what they’re getting for their money.”

Hilary clearly enjoys her work, and it’s easy to see where her enthusiasm comes from; “I love helping people succeed. It’s really rewarding watching a business build from the ground up, and seeing people get their just rewards.”

We are currently running an offer of a day’s Business and Finance Overview for only £350.

If you’re interested in finding out more about how Hilary could help your business, please contact us today.

GO Get Organised Finance – Tax changes & more in March 2016 Budget

tax image

Following George Osborne’s budget announcement last month, here are the key points we believe our GO Get Organised Finance clients will want to know:

Personal Tax

  • From April 2017 your tax free personal allowance will increase to £11,500 and the basic rate band will increase to £33,500, this means you can earn up to £45,000 before paying tax at 40%.
  • Capital gains tax for higher rate tax payers has reduced to 20%, and 10% for basic rate tax payers (April 2016). These rates apply when your CG tax free allowance of £11,100 has been used up.
  • Entrepreneurs Relief is now applicable to the following disposals on or after 18 March 2015:

* Goodwill on incorporation – when the seller holds less than a 5% interest in the acquiring company

* Associated disposals – of a privately held asset when the accompanying disposal of business assets is to a family member

* Thrifty Ebayers won’t have to declare or pay tax on the first £1,000 of income from April 2017!

Business Tax

Some good news for small businesses!

  • Corporation tax will be reduced to 17% by 2020.
  • From April 17 the annual threshold for 100% relief on business rates for small businesses will increase to £12,000, and the threshold for the higher rate will increase to £51,000.
  • For losses incurred on or after 1 April 2017, small companies will be able to use carried forward losses against profits from other income streams or from other group companies.
  • Overdrawn Directors Loan accounts to be liable for tax at 32.5% (up from 25%), from April 2016.


  • From April 2016, the registration limit for VAT is £83,000 and £81,000 for de-registration.

Employment Tax

From April 2017:

  • Voluntary payrolling will be extended to non-cash vouchers and credit tokens.
  • Employers will be able to fund up to £500 of pensions advice for employees.

Stamp Duty

  • From 1 April 2016 stamp duty charged on the purchase of an additional residential property will be 3% above the current rates.
  • From 17 March 2016, additional stamp duty will be charged on non-residential properties. Purchases between £150k and £250k will attract 2% SD, and over £250k 5% is payable.


Good news for savers!

  • The annual ISA limit has increased to £20,000 (April 2016).
  • From April 2017 the new lifetime ISA will be available to the under 40s amongst us, save up to £4,000 each year and the Government will add £1 to every £4 saved! 

Don’t forget, GO Get Organised Finance can help you with…

  • Self Assessment Tax Returns
  • Tax planning
  • Payroll
  • Bookkeeping
  • Year-end Statutory Accounts
  • Corporation Tax Returns
  • Annual Returns
  • VAT returns
  • Management Accounts

….and much more! Please contact us for more information.

The benefits of using a virtual bookkeeper

Using a virtual bookkeeping service to keep on top of finances is becoming an increasingly popular option for businesses, particularly SMEs. This article examines some of the reasons why.

A virtual bookkeeper is essentially someone (or a team of people) who looks after a business’s finances remotely on a pay-as-you-go basis, cutting out the need for employing someone in-house. Enabled by modern technology (email, Skype, file sharing systems and cloud-based accounting software such as Xero and Quickbooks), it’s an economical, flexible and very effective way of working.

So what are the benefits of using a virtual bookkeeper? Here are just a few:

1. It saves you money

This is probably the most persuasive reason for any business to take on a virtual bookkeeper. It will save you money, as you won’t need to budget for sick leave, annual leave or any other employee benefits. You will also save on recruitment costs, and may well be able to cut down on overheads, as they won’t need any office space, computer equipment or supplies.

2. It saves you time

Another very appealing benefit of outsourcing your bookkeeping is that it will save you time, allowing you to concentrate on what’s really important – growing your business. This is particularly relevant for smaller businesses or sole traders, who can often get bogged down with trying to keep on top of finances. A virtual bookkeeper is likely to work much more quickly than someone not used to accounts; it makes more sense to use an expert rather than delegating the work to an admin assistant or PA, for example, who might take longer.

3. It’s a flexible solution

Using a virtual bookkeeper gives you flexibility in several ways. It makes it possible for you to work from anywhere, so you’re not tied to being in the office when they’re working. You can communicate with your bookkeeper via whichever method works best for you and fits in with your schedule (by phone, email, messaging, file sharing, file dropping or meeting up face to face – most likely a combination of these). Virtual bookkeepers can also dedicate as much or as little time to looking after your finances as you need; this flexible availability may be particularly useful to you at different times of the year or as your business grows.

4. Your finances will be in great shape

When you outsource your finances to a virtual bookkeeping service, you can rest assured that, with the right processes in place, your accounts will always be up to date and you’ll always know exactly what money is coming in and going out. It may sound simple, but it’s so important to have this data at your fingertips in order to inform your day-to-day business decisions (and to make sure that all of your customers have paid you).

5. Your finances will be in expert hands

Another benefit of using a professional service like this is that it gives you access to experts who really know what they’re doing. Your bookkeeper will be fully conversant with – and able to advise you on – current financial regulations and tax allowances. They can help you with new tasks such as auto-enrolment for pensions. They also know how to use accounting software and can show you how to get the best from it.

At GO Get Organised Finance, we have a team of virtual bookkeepers and Chartered Accountants ready to help. Our services section gives full details of what we can offer to businesses and organisations of all sizes, so whatever your financial needs, please get in touch.

Bookkeepers – We need you!

43704353_mGO Get Organised Finance are looking for qualified and experienced bookkeepers who wish to work in a flexible way to join our team.  We are looking for people who can work onsite (flexible hours) in both Bath and Bristol.  Please email your CV as soon as possible to Emma on finance@gogetorganised.co.uk.

At GO Get Organised Finance, we offer flexible solutions for businesses and financial professionals. Not all businesses want or need full-time staff, so we have a pool of professionals who are able to work on a contract, part-time or temporary basis.

We have a number of bookkeepers working for businesses in Bath and across the country. For businesses based outside of Bath, we work using email, Skype and phone to stay in touch with your needs.

Are you looking to hire a part-time bookkeeper? Speak to our team now.

Are you looking to work flexibly as a virtual bookkeeper? Get in touch.

Our sister company, GO Get Organised, also provides flexible business solutions, including virtual assistants, IT staff, social media management, marketing professionals, sales support and more.

What does the budget mean for us?!

Get-Organized Finance
Go Get Organized Finance

Budget 8th July 2015  Summary

Last week’s budget contained a number of measures that will have far-reaching implications over the next few years. Some of the most significant changes for Go Get Organised Finance clients include:

  • Owner-managed companies who take minimal salary and the remainder in dividends will most likely pay more tax from April 2016 due to the new dividend tax rates
  • Reduction in Corporation Tax from 2017 to 19% from April 2017, and 18% from April 2020!
  • Employment Allowance for employers NIC rises from £2,000 to £3,000 from April 2016 (great news for employers) but is scrapped for one-person companies (bad news again for some owner-managed companies!)
  • 10% wear-and-tear allowance for landlords to be replaced in 2016/17 with tax relief for expenditure on furnishings instead (potentially bad news for landlord of fully furnished properties)
  • Reduction in tax relief for buy-to-let interest from April 2017 to basic rate tax only (landlords hit again!)
  • Rent-a-room relief increased to £7,500 per year (time to sign up for Airbnb, or take in a foreign student for the summer!). Applies to many B&Bs as well as people with lodgers.
  • Annual allowance for pension contributions by those earning over £150k to be reduced from 2016/17
  • HMRC will have the power to take tax debts of over £1k directly from bank accounts – not relevant to our lovely organised clients!
  • Abolition of permanent foreign domiciled status from April 2017
  • Reduced Inheritance Tax on leaving family home on death from April 2017 – starting at an extra £100k per person from April 2017, increasing over 4 years to £175k per person (eventually allowing a couple to pass on a family home worth up to £1m with no IHT)

Vehicle Excise Duty for new cars registered after April 2017 to incur a higher charge in their


Personal Income Tax
Personal allowance – Basic rate band of tax to go up to £32,000 from April 2016, and the personal allowance to go up to £11,000 from the same date. So you will be able to earn £11k free of income tax, and £43k before paying 40% tax. No change in the 45% rate of tax.

Interest – £1k of interest remains tax-free for basic-rate tax payers, £0.5k for higher rate tax-payers, but all interest will be taxable for individuals with income of over £150k at 45%. From April 2016 your bank will not deduct tax from your interest before paying it to you.

Dividends – New rate of dividend tax of £5k tax-free, with the remainder taxed at 7.5% for basic rate tax payer (previously 0%), 32.5% for higher rate taxpayers (previously 25%) and 38.1% for additional rate taxpayers (previously 30.56%).

Trivial benefits – confirmed that £50 of benefits in kind provided to employees to be exempt from tax from April 2016.

National Living Wage – for workers aged over 24 this will apply and replace the current minimum wage. The hourly rate will be £7.20/hr from April 2016. National Minimum Wage – will continue to apply to younger workers.

National Insurance – The annual employment allowance of £2k that a lot of you are claiming against your employers NI bill will be increased to £3k per year from April 2016 (hooray!). But scrapped for one-person companies (boo!). Whilst disappointing, most one-person companies only pay up to the personal allowance anyway, and so the tax impact will ‘only’ be a couple of hundred pounds per year for these companies.

The tax free childcare scheme that would be open to all (not just employees of registered schemes) has been delayed to 2017 due to a legal challenge by some of the current childcare voucher companies. This is unfortunate news for the self-employed and parents of two or more children with high childcare bills who have been looking forward to September 2015 when this was supposed to be implemented!

The additional ‘free’ 10 hours of childcare for 3 and 4 year olds on top of the current ‘free’ 15 hours to be implemented in 2017 also.

Tax Credits
There have been wide-ranging changes to tax credits and other welfare payments. Including the income tax threshold being reduced from £6,420 to £3,850 per year (over this the award is reduced at 48% (previously 41%) for every £1 earned.

Child element of tax credits no longer awarded for third and above children born from 2017.

Those with income above £150k will be subject to a tapered reduction in their annual allowance for tax relieved contributions from April 2016. The normal £40k allowance is to be reduced by £1 for every £2 of excess income, subject to a minimum allowance of £10,000.

If this may affect you, consider maximising pension contributions before April 2016!

Pension Input Periods will align with the tax year, with complicated rules for 2015/16. Please contact us for further information.

Landlords of Buy-to-Let Properties
Relief for interest – will be restricted to 20%. So higher rate tax payers with a buy-to-let mortgage is likely to pay a higher effective rate of tax on rental income from 2017/18. The impact of this is being brought in gradually.

Welcome to Go Get Organised Finance!

Welcome to Go Get Organised Finance.

-> We are here to help you look after your bookkeeping and accountancy requirements at very affordable prices.

-> We understand how hard it can be for businesses to keep on top of their finances, so we’re here to help, flexibly.

Welcome to Go Get Organised Finance

GO Get Organised Finance can provide you with a professional virtual accounts team, offering a full range of bookkeeping and accountancy services. We are used to working with clients in this way, so whether or not you’re local to us (in Bath), you can trust us to do a great job.

So, what tasks can we help with?


For Bath-based businesses, we offer a document pick-up service and flexible meeting times. For businesses outside of Bath, we work with you to obtain what we need and use Skype, phone and email to stay in touch. We work flexibly, so let us know what bookkeeping services your require, and we’ll do our best to put you in touch with a professional who matches your needs.

Management accounts

We can produce monthly management accounts for your business.

Payroll, VAT and tax

We take the worry out of submitting your tax return, paying your employees and/or reporting to HMRC.

Software set-up and training

We can provide financial software training and discounted software. Our experienced staff can help with a wide range of financial software packages.

Year-end accounts

GO Get Organised Finance can help your business to produce and file your year-end accounts.

Get in touch with Go Get Organised Finance