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.
Read moreWhen 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.
Read moreThe 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.
Read moreYou 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.
Read moreMany 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.
Read moreA 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.
Read moreMost 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.
Read moreWhen 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.
Read moreWhen 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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