Many business start-ups will be registered as sole traders, certainly during their initial phase of growth. This is understandable as being a sole trader is simpler in many aspects than setting up as a limited company. Accounting and paperwork are generally less time-consuming for example...
Business start-ups and small businesses are often slow at delegating certain tasks within the business. Accounting is one of the vital roles that many new entrepreneurs seem to take lightly. Some business owners assume that their enterprise is not large enough or ready for professional...
Accounting is a critical area in any organisation. Besides handling crucial tasks such as payroll management, tax compliance, and preparation of financial documents, an accountant is also responsible for providing valuable financial insights to inform business decisions. Clearly, only a competent, highly-skilled professional is well-suited...
Launching a new business is an exciting venture. However, running a successful start-up has proven difficult for many entrepreneurs. 30% of business start-ups fail within the first two years, only a few grow to dominate their niche and become established brands. Financial problems are identified as...
Staying on top of business accounting can be time-consuming and difficult, and that's particularly true for new business start-ups. If you're planning to set up a limited company, corporation tax is just one of the regular taxes your business will need to pay. As small business...
Operating a payroll is challenging for business startups and existing small businesses, and one important early task to ensure the tools are in place to make running payrolls a routine matter. Some top payroll tips from the expert payroll team here at SQK Accountancy include: 1. Ensure...
For business start-ups, outsourced accountancy is one of the most practical investments available. They allow you as a business owner to focus on growing your business, safe in the knowledge that your finances are being professionally handled. The more your business grows, the better an investment...
All business start-ups are going to have to deal with payroll at one point or another. While it might seem daunting, it's actually a good thing, as your ability to have employees is a symptom of your business growth. The question that sits before you though,...
Many business start-ups have expressed considerable concern over Brexit and the ways it could impact on their trading and profitability. So, we've taken a few minutes to round up some key aspects of Brexits to provide some degree of reassurance for existing small businesses and planned...
The government's shake-up of the tax system - Making Tax Digital - will impact on all businesses; including startups. This major change to the way taxes are reported and administered means any business start-ups need to ensure compliance from the launch date. If you've never even...
An accountant is an excellent investment for business start-ups from day one, however, there are always things you can do as a business owner to improve the overall quality and efficiency of your accounting. Following these three golden rules will help you to make sure your...
All UK business start-ups or existing small businesses will find using cloud accounting software offers a variety of benefits. There is a range of software on the market, some of it free to end-users, giving business accounts a head start when it comes to speed of...