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
Starting Your Own Business: A Practical Guide From Idea to Launch
Have you ever thought, “I could do that myself”?
Perhaps you have spotted a gap in the market, developed a product, have a skill you could sell, or simply want more control over your working life.
Starting your own business can be incredibly exciting, but there is a lot more to think about than simply deciding what you are going to sell.
The good news is that you do not need to have everything figured out on day one.
A little planning before you launch can save you a huge amount of time, money and stress later.
Read moreCompanies House ID Verification: What Directors Need to Know
If you are a company director, there is a new Companies House requirement that you need to be aware of: identity verification.
This is not simply another Companies House form to tick off. Identity verification is now a legal requirement for company directors and people with significant control (PSCs), and Companies House has started taking action where people fail to comply.
So, if you are a director of a limited company, what do you actually need to do?
Read moreISA changes from 2027: what you need to know and how to prepare
If you regularly use a Cash ISA to save money tax-free, there are some important changes coming from April 2027.
The good news is that there is still time to plan.
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Can’t Have Your Cake and Eat It: When Does Your Side Hustle Become a Business?
Side hustles are everywhere.
From selling handmade cakes from a garden shed to clearing out your wardrobe on Vinted, making and selling things on Etsy, flipping items on eBay or picking up a few extra jobs alongside your day job, there are plenty of ways to make some extra money.
But when does a bit of extra income become a business?
And when does HMRC want to know about it?
Read moreSalary sacrifice pensions are changing: what employers need to know
If you offer your employees a pension through salary sacrifice, there is an important change coming down the track.
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Directors’ loan accounts: your company is not a personal cash machine
If you run your own limited company, it can sometimes feel like there is very little difference between you and the business.
You own the shares. You run the company. You make the decisions. The money in the bank ultimately comes from the business you have built.
But legally, your company is a separate entity.
That means the money in the company bank account belongs to the company, not to you personally.
And a recent High Court case has provided a useful reminder of what can happen when the line between personal and company money becomes blurred.
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What Happens if HMRC Opens an Investigation?
Receiving a letter from HMRC can be enough to make any business owner’s heart sink.
Whether you’re a sole trader, landlord or limited company director, being told your tax affairs are being reviewed can feel worrying.
The good news is that an HMRC investigation doesn’t necessarily mean you’ve done anything wrong.
In fact, many enquiries are completely routine.
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So, You’ve Started a Business… Now What?
Starting a business is exciting. Whether you’ve left employment to work for yourself, turned a hobby into a business or finally decided to take the plunge with an idea you’ve had for years, there is a lot to think about.
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10 Ways an Accountant Can Help Your Small Business
When you start a business, your accountant can be one of the most valuable people in your corner.
Of course, there is the obvious side of accountancy: keeping your books up to date, preparing your accounts, dealing with VAT and payroll, and making sure your tax returns are submitted correctly and on time.
But a good accountant should offer much more than that.
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