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Time Business News
9 hours ago
- Business
- Time Business News
How to Find Trusted Bookkeepers: A Complete Guide for UK Businesses
Running a business comes with many responsibilities, and one of the most critical is managing finances correctly. Mistakes in bookkeeping can lead to unnecessary stress, late tax submissions, or even financial penalties. That's why working with trusted bookkeepers is more than a convenience – it's an essential step in protecting your business. A reliable bookkeeper ensures that your financial records are accurate, your taxes are handled on time, and you always have a clear picture of your company's financial health. This guide explains why trusted bookkeepers matter, how to identify the right professional, and what benefits they bring to businesses in the UK. Why Businesses Need Trusted Bookkeepers In the UK, businesses must meet strict requirements when filing taxes, VAT, and payroll. Even small mistakes in recording expenses or revenue can lead to fines or compliance issues. Trusted bookkeepers make sure every figure is accurate, and all financial documents meet HMRC standards. Bookkeeping is time-consuming. From tracking expenses to reconciling bank statements, it takes hours that business owners could spend on strategy, customer service, or growth. By outsourcing to a professional, owners save time while knowing the work is handled properly. Trusted bookkeepers do more than keep records. They provide insights into spending patterns, cash flow, and financial performance, which helps business owners make smarter decisions. For instance, spotting trends in late payments can guide changes in invoicing practices. Qualities of Trusted Bookkeepers When searching for a bookkeeper in the UK, qualifications matter. Many trusted professionals hold certifications from recognised bodies such as: AAT (Association of Accounting Technicians) ACCA (Association of Chartered Certified Accountants) ICAEW (Institute of Chartered Accountants in England and Wales) These demonstrate a high standard of training and commitment to professional ethics. Different industries face unique financial challenges. A retail business may need support with stock management, while a construction firm may require help tracking project expenses. Trusted bookkeepers often have experience in specific sectors, meaning they understand the regulations and nuances affecting those businesses. Today's professionals use digital tools such as Xero, QuickBooks, and Sage. These platforms allow real-time reporting, easy sharing of data, and secure backups. A bookkeeper who embraces technology offers transparency and efficiency. Numbers can be complex, but trusted professionals explain them clearly. Whether through monthly reports or direct conversations, they provide updates that business owners can understand and use to make decisions. How to Choose a Trusted Bookkeeper Before working with someone, ask questions such as: Do you have qualifications or membership in a professional body? Which bookkeeping software do you use? Can you provide references from other clients? How do you structure your fees? Not every bookkeeper is trustworthy. Warning signs include: Refusal to provide credentials Poor or inconsistent communication Vague answers about pricing or services Lack of clear contracts Freelancers may be more affordable and flexible but sometimes lack resources for larger businesses. may be more affordable and flexible but sometimes lack resources for larger businesses. Bookkeeping firms often provide wider expertise, back-up support, and can scale as your company grows. Choosing depends on the size of your business and the complexity of your finances. Benefits of Hiring a Trusted Bookkeeper in the UK Tax deadlines are strict, and missing one can result in penalties. Bookkeepers keep everything organised so returns are filed correctly and on time. Understanding cash flow is essential for stability. Trusted bookkeepers track income and expenses, highlight potential shortages, and advise on how to avoid late payments. With accurate data, bookkeepers can give insights into: Reducing unnecessary expenses Setting realistic budgets Planning for future investments This advice helps small and medium-sized businesses grow with confidence. FAQs About Trusted Bookkeepers Costs vary depending on experience and location. Freelancers may charge hourly rates, while firms often offer fixed monthly packages. On average, UK businesses spend between £25–£60 per hour for bookkeeping services. Yes. While software automates some processes, a professional ensures accuracy, compliance, and interpretation of financial data. Bookkeepers use software tools but add human expertise. A bookkeeper handles day-to-day records, while an accountant interprets data, prepares detailed reports, and provides strategic tax planning. Many businesses benefit from having both. Yes. With flexible packages and remote services, many trusted bookkeepers offer affordable options suited to small businesses and sole traders. Conclusion Choosing the right bookkeeper is about more than convenience – it's about building a strong financial foundation for your business. Trusted bookkeepers bring accuracy, peace of mind, and valuable insights that support long-term growth. Whether you run a start-up, a growing company, or a well-established business, investing in a reliable bookkeeping professional means you'll always know where your finances stand. In today's competitive UK market, that trust and clarity can make all the difference. TIME BUSINESS NEWS
Yahoo
18-07-2025
- Business
- Yahoo
AAT and University of Exeter accounting degree apprenticeship
The Association of Accounting Technicians (AAT) and the University of Exeter have collaborated to introduce a new Accounting Finance Manager degree apprenticeship, starting in September 2025. This programme combines the AAT Level 4 Diploma in Professional Accounting with a Bachelor's degree, integrating academic learning with workplace-relevant training. Apprentices will complete the AAT Level 4 Diploma during their first year, gaining early qualifications that provide exemptions for certain ACCA and CIMA exams, supporting their path to becoming chartered accountants. The course structure was developed with input from the University of Exeter's employer partners to align with current needs in the finance sector. The University of Exeter Centre for Degree Partnerships director Rachael Johnstone said: 'The Accounting Finance Manager Degree Apprenticeship opens new doors for aspiring accounting and finance professionals, combining academic excellence with practical industry-focused skills to create a truly inclusive pathway to success. 'Our partnership with AAT is a transformational step in our mission to widen participation in Higher Education and diversify the accounting and finance industries. We're excited to welcome our first cohort in September 2025.' The initiative seeks to address skill gaps in finance and open pathways for school leavers and career switchers from varied backgrounds to enter the profession through a degree apprenticeship. UK businesses can fund employee training using the Skills and Growth levy, enabling them to develop and recruit skilled accounting professionals to contribute to economic development. AAT Customer, Partnerships and Innovation executive director Claire Bennison said: 'Our collaboration with the University of Exeter is a game-changer for those seeking a career in finance. 'For the first time, our Level 4 Diploma qualification will be obtained within the first year ensuring students will be able to step into the finance world sooner. 'This degree apprenticeship ensures students are on track to obtain practical accounting skills they will draw on throughout their careers. It demonstrates that there are many routes to professional success, whether you're starting out after school or looking to upskill later in life. 'By equipping apprentices with globally recognised qualifications and a clear pathway, we're empowering individuals and supporting employers in building a skilled, diverse workforce.' "AAT and University of Exeter accounting degree apprenticeship" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Miami Herald
15-07-2025
- Business
- Miami Herald
AATec Medical and Northway Biotech Announce Partnership to Develop Industrial Production Process for ATL-105 Targeting Lung Disease
Partnership established to develop and scale production of ATL-105, a novel recombinant version of alpha-1 antitrypsinLead indication is non-CF bronchiectasis; ATL-105 targets disease drivers through a broad multimodal mechanism of action VILNIUS, LT / ACCESS Newswire / July 15, 2025 / AATec Medical GmbH ("AATec"), a biotech company developing a multi-product platform for the treatment of respiratory diseases, and Northway Biotech ("Northway Biotech" or "NBT"), a global Contract Development and Manufacturing Organization (CDMO), today announced a partnership for manufacturing process development and analytical development of AATec's lead product candidate, ATL-105, a proprietary, inhaled therapy based on recombinant alpha-1 antitrypsin (AAT) for non-cystic fibrosis bronchiectasis (NCFB). Under the agreement, Northway Biotech will leverage its expertise in biologics manufacturing to develop and scale the production process for ATL-105 using the Pichia pastoris expression system. "With this partnership, we are establishing a robust and scalable production process for ATL- 105, laying the foundation for consistent quality for clinical development and commercial use," says Rüdiger Jankowsky, PhD, co-founder and CEO of AATec, and adds: "ATL-105 represents a new generation of inhaled biologics, combining anti-protease, anti-inflammatory, and antiinfective properties in one molecule. Delivered directly to the lungs, it enables fast, targeted action with minimal systemic exposure. We believe ATL-105 can redefine care in respiratory diseases with high medical need, such as non-CF bronchiectasis." "We are excited to support AATec in progressing towards clinical trials", shares Prof. Vladas Algirdas Bumelis, CEO and Chairman of Northway Biotech. "AATec is advancing a promising therapeutic solution addressing significant unmet medical needs, supported by a highly capable and dedicated team. With our decades of expertise in microbial systems, we are well-positioned to scale this program efficiently and deliver quality at every step." "We have recognized the opportunity to support a program that could meaningfully advance care for patients with respiratory diseases," adds André Markmann, PhD, VP of Business Development at Northway Biotech. "Inhaled protein therapies are gaining significant traction, and ATL-105 stands out as one of the most promising approaches in this area." AATec develops ATL-105 to treat NCFB, a chronic inflammatory respiratory condition which affects millions of people worldwide. This debilitating disease is marked by dilated bronchi, persistent inflammation, frequent airway infections and impaired mucus clearance. In addition to NCFB, ATL-105 has therapeutic potential for a broader range of inflammatory and infectious respiratory diseases, such as COPD, ARDS and other indications, reflecting the versatility of its anti-inflammatory, immunomodulatory, and anti-infective properties. About AATec Medical AG AATec Medical GmbH is a biotechnology company developing a product platform based on a novel recombinant version of alpha-1 antitrypsin (AAT) for the treatment of respiratory inflammatory diseases, airway infections and rare diseases. The company has successfully demonstrated proof-of-principle in several indications and is currently preparing for a proof-ofconcept clinical trial with the first product candidate ATL-105 for inhaled application in non-CF bronchiectasis. AATec was founded by a seasoned interdisciplinary team with long-standing experience in clinical research, biopharmaceutical development and product industrialization. For further information, please visit and follow AATec on LinkedIn. About Northway Biotech Northway Biotech is a leading CDMO specializing in protein-based biologics and gene therapies, offering comprehensive, end-to-end biopharmaceutical development and manufacturing services. With deep expertise in cell line development, process optimization, and cGMP manufacturing, Northway Biotech supports programs from early-stage development through to commercial production. Founded in 2004, the privately held company operates state-of-the-art facilities in Lithuania and the United States, delivering high-quality, compliant solutions tailored to each client's unique needs. For further information, please visit Northway Biotech Contact: Prof. Vladas Algirdas BumelisCEO and Chairman of the AATec Medical Contact: Dr. Rüdiger Jankowsky, CEOinfo@ Media Contact: MC ServicesKatja Arnold, Julia von Hummelaatec-medical@ +49 (0)89 2102280 SOURCE: Northway Biotech press release
Time of India
11-07-2025
- Automotive
- Time of India
Tata Motors, M&M, three others may raise ₹2,000 cr and PLI claims
Tata Motors , Mahindra & Mahindra (M&M), Bajaj Auto , Ola Electric Technologies and TVS Motor Company could raise claims totalling more than ₹2,000 crore this fiscal year under the Production Linked Incentive (PLI) scheme for automobiles, according to a government assessment. Officials said these claims are for investment and incremental sales goals achieved in the fiscal year ended March 31. Bajaj Auto is expected to make the highest claim of ₹630 crore, followed by Tata Motors at ₹409 crore, and Ola Electric at ₹380 crore, officials said. TVS Motor and M&M could raise claims of ₹330 crore and ₹283 crore, respectively. Despite the substantial claims, it would still fall short by ₹702 crore from the FY26 Budget estimates. "Companies have more time to seek claims," a senior official told ET, noting beneficiaries can submit applications till September. Heavy industries minister HD Kumaraswamy reviewed the PLI scheme's performance on Thursday. He directed the ministry to ensure handholding of applicants on operational aspects, claims, and ensuring domestic value addition (DVA), according to officials. "The scheme has so far attracted significant domestic investments worth ₹29,576 crore until March 2025," Kumaraswamy said in a statement after the review. "Going forward, we are committed to regular industry workshops, faster claim disbursals, and robust support to stakeholders paving the road for a self-reliant and globally competitive auto sector," he added. Officials said claims worth ₹322 crore were released under the scheme goals achieved in FY24 to Tata Motors, M&M, Ola Electric, and Toyota Kirloskar Auto Parts (TKAP). This is despite more than 80 companies initially getting approvals under the scheme. The Centre approved the PLI for automobiles in September 2021 with a ₹25,938 crore budgetary outlay. The scheme aims to overcome cost disabilities of the domestic industry for manufacturing Advanced Automotive Technology (AAT) products in India. The industry needs to make fresh investments for indigenous manufacturing of AAT products and create jobs to claim incentives.
Time of India
10-07-2025
- Automotive
- Time of India
Tata Motors, M&M, three others may raise Rs 2k cr and PLI claims
New Delhi: Tata Motors , Mahindra & Mahindra (M&M), Bajaj Auto , Ola Electric Technologies and TVS Motor Company could raise claims totalling more than ₹2,000 crore this fiscal year under the Production Linked Incentive (PLI) scheme for automobiles, according to a government assessment. Officials said these claims are for investment and incremental sales goals achieved in the fiscal year ended March 31. Bajaj Auto is expected to make the highest claim of ₹630 crore, followed by Tata Motors at ₹409 crore, and Ola Electric at ₹380 crore, officials said. TVS Motor and M&M could raise claims of ₹330 crore and ₹283 crore, respectively. Despite the substantial claims, it would still fall short by ₹702 crore from the FY26 Budget estimates. "Companies have more time to seek claims," a senior official told ET, noting beneficiaries can submit applications till September. Heavy industries minister HD Kumaraswamy reviewed the PLI scheme's performance on Thursday. He directed the ministry to ensure handholding of applicants on operational aspects, claims, and ensuring domestic value addition (DVA), according to officials. "The scheme has so far attracted significant domestic investments worth ₹29,576 crore until March 2025," Kumaraswamy said in a statement after the review. "Going forward, we are committed to regular industry workshops, faster claim disbursals, and robust support to stakeholders paving the road for a self-reliant and globally competitive auto sector," he added. Officials said claims worth ₹322 crore were released under the scheme goals achieved in FY24 to Tata Motors , M&M, Ola Electric, and Toyota Kirloskar Auto Parts (TKAP). This is despite more than 80 companies initially getting approvals under the scheme. The Centre approved the PLI for automobiles in September 2021 with a ₹25,938 crore budgetary outlay. The scheme aims to overcome cost disabilities of the domestic industry for manufacturing Advanced Automotive Technology (AAT) products in India. The industry needs to make fresh investments for indigenous manufacturing of AAT products and create jobs to claim incentives.
