The 5 best SaaS accounting software (2024)
SaaS accounting software as the name suggests have features that help Software as a Service (SaaS) businesses capture their transactions in a system. These businesses have specific needs from their bookkeeping due to their unique model as we explained in detail in our latest blog. When starting up, it can be a good idea to […]
What is SaaS accounting? The ultimate reasons why it’s so important
In 2024, no one needs a special introduction to what is Software as a Service (SaaS), we live in an era of subscription based businesses from monthly food boxes to TV on demand. As with every emerging business model, SaaS has evolved in its popularity and complexity in the last decade. We have newer accounting […]
Six reasons that prove SME bookkeeping is more than reconciling bank accounts
Book-keeping, especially SME bookkeeping often tends to have the wrong ideas attached to it. In the times we live in, where everyone uses AI and tech, getting your bank reconciled shouldn’t be the only goal for a great SME bookkeeping function. That’s a part of a full-suite finance function, not all of it. At […]
Crypto tax UK: How much do you need to pay?
As cryptocurrencies continue to grow in popularity as both an investment and a means of transaction, understanding the tax implications of these digital assets has become increasingly important. In the UK, the tax treatment of cryptocurrencies can be complex, as it involves navigating various regulations and guidelines set out by HM Revenue and Customs (HMRC). […]
What is the difference between financial accounting and management accounting?
There are two well-known branches of accounting that serve different purposes for businesses: financial accounting and management accounting. While they look similar on the surface due to both involving reporting of a company’s financial activities, they differ significantly in their objectives, audiences, and processes. This article explores the key differences between the integral components […]
Crypto Tax in the UK: Law, Calculations and FAQs
Cryptocurrencies have gained immense popularity in recent years, attracting both seasoned investors and newcomers to the world of DeFi (Decentralised Finance). Cryptocurrency is a digital or virtual form of currency typically decentralised through blockchain technology and operates independently of a central bank, making paying tax not as straightforward. As the adoption of digital […]
How Evalua8 approaches crypto bookkeeping
We shared our checklist of tips and tricks while doing crypto accounting in our blog post – Crypto bookkeeping – our unmissable 6-point checklist We have taken this a little further and shared a video that explains what we mean by our unmissable checklist. These processes have been iterated by Evalua8 over a period of […]
Are staking rewards taxable in the UK?
As crypto adopters would no doubt know, staking is a lucrative process you can undertake for your excess crypto holdings. Whether you are an individual or a corporate that has assets earning staking rewards, it’s worthwhile looking into available guidelines re how they are taxed. Staking takes place when you use crypto currency […]
Why is the finance function of holding companies so complex?
We’ve been working with holding companies since 2015; and can say with some conviction that yes the finance function for these can be incredibly complex. Regular book-keeping is much the same as for a regular stand alone entity but having other related companies in the mix brings the need for more diligence and process to […]
Crypto Accountant: The qualities every epic Web3 finance pro should have
Being a crypto accountant sounds rather cool. When we first got introduced to crypto back in 2018, many of us thought it was novel. There wasn’t a lot of information easily available – especially for things like crypto tax law and crypto accounting standards. In the last 3 years, this has changed massively. Our […]
