Blog
Accountancy and taxation can seem complex and perhaps even a little scary. But it doesn’t have to be that way. In a series of regular articles you will be able to learn more about various aspects of money management, business growth, cloud accounting and even taxation. If there’s a particular topic you’d like us to cover, email hello@accountancysolutions.co
Making Tax Digital for Income Tax: Your First Quarterly Submission is Due by 7 August
The first quarter under Making Tax Digital (MTD) for Income Tax has now come to an end for those businesses already taking part.
That means the first quarterly update is due to be submitted by 7 August.
If you’re one of the sole traders affected by MTD, don’t panic. The quarterly update is much simpler than many people expect, especially if you’re keeping your records digitally.
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Why Your Invoice Might Be Delaying Payment – Download Our FREE Invoice Checklist Today!
You finish the work.
You send the invoice.
Then… nothing.
A week later you’re wondering why your customer hasn’t paid. Before you assume they’re deliberately delaying things, it’s worth checking one simple thing.
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The Hidden Cost of DIY Bookkeeping for Small Businesses
Many business owners try to save money by doing their own bookkeeping. Discover the hidden costs of DIY bookkeeping and how accurate financial records can help your business grow.
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Why Profit Doesn’t Equal Cash
A business can be profitable and still run out of cash.
Many business owners look at their year-end accounts, see a healthy profit, and wonder why the bank account doesn’t look nearly as healthy.
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Stop Flying Blind: Three Numbers Every Business Owner Should Know
Most business owners know roughly what’s in the bank, but that’s only part of the picture. Looking at three simple reports every month can help you spot problems early, improve cash flow and make better decisions.
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Companies House Filing Changes Delayed Until 2028… But They’re Still Coming
When the proposed Companies House filing changes were paused earlier this year, many business owners breathed a sigh of relief.
Some assumed the reforms had been scrapped altogether.
They haven’t.
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Don’t Throw Away That Paperwork: Your Future Self Might Thank You
When you’re buying a business or a property, tax is often the last thing on your mind. You’re focused on the purchase, the move, the renovations, or getting the business up and running.
Fast forward ten, twenty, or even thirty years and those old documents can make a significant difference to your tax bill.
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What’s the Difference Between a Bookkeeper and an Accountant?
What’s the Difference Between a Bookkeeper and an Accountant?
At a recent networking event, Justin Parsons asked a question that comes up surprisingly often:
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Have You Eaten Your Frog This Morning?
Kim O’Connor Davies introduced me to a productivity method that has been around for years but is just as relevant today as when it was first published.
The concept comes from the book Eat That Frog! by Brian Tracy and centres around a simple idea:
Don’t Miss Your Employment Allowance for 2026/27
A new tax year is like setting off on a fresh voyage. Getting your payroll set up correctly from the start can make the journey smoother and more cost-effective. One key area to check is your Employment Allowance for 2026/27, which could save your business up to £10,500 in employer National Insurance.
In this article, Hannah explains how Employment Allowance works, who is eligible, and how to make sure you are claiming it correctly.
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