Cloud accounting can be an excellent approach to accounting for many businesses, as it migrates all of the manual accounting duties into an online portal. We're going to take a look at whether or not cloud accounting is right for your business by looking at...
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Whether it is in terms of small business accounting or accounting for larger limited companies, payroll is a key piece of the pie. It is hugely important for any business which employs staff and is something which you must get right. In simple terms, it...
Accounting, Small business accounting, Start up business accounting, Start-Ups / 02.07.2021
How to manage start-up funding
A lack of capital is often a death knell for small businesses, which makes it more important than ever to keep on top of your finances. Simple mistakes could prevent you from getting the income and support you need to survive. Here are just a few...
Accounting, Cloud Accounting, freelancer and sole trading accounting / 28.06.2021
Why cloud accounting is the right choice for your business
Accounting software has been a crucial tool for businesses for quite a while now, offering a host of features that traditional bookkeeping can't offer. From real-time reporting to automatic tax returns, accounting software streamlines a lot of the laborious accounting processes for small businesses, start-ups, sole...
Accounting, Business, Small business accounting, Start-Ups / 21.06.2021
What should I keep for sole trader accounting?
Working as a sole trader is often a unique experience, but from an accounting perspective, you need to do much the same as any other business. This means keeping hold of your business records to accurately pay taxes. Although often thought of as self-employed individuals, the...
Accounting, Business, Self Assessment, Start-Ups / 08.06.2021
Starting your new business? It’s never too early to find an accountant
When starting a business, many entrepreneurs envisage outsourced accountancy as something to think about later down the line. They think this for a number of reasons; whether it's the perception that small business accountancy is easy enough that they don't need help, or that they simply...
Accounting, Self Assessment, Start-Ups / 04.06.2021
Three things to remember when accounting for your small business
Completing your accounts can be one of the most intimidating things for any new company to do. As someone new to the world of accounting, you don't want to risk getting anything wrong as that could land you in legal trouble. Let's take a look at...
VAT registration becomes mandatory for your business if your annual turnover has been over £85,000 or is predicted to be so over the following 30 days. If your turnover is under that, VAT registration is not legally required. Many smaller businesses still choose to become...
Accounting, freelancer and sole trading accounting, Limited company accounting, Self Assessment, Year End Accounts / 18.05.2021
How does limited company accounting differ from sole trader accounting?
When you first set up a business, you will need to decide on the structure. For many people, this comes down to deciding whether setting up as a limited company or a sole trader is best. here are key differences in how each type of company...
Accounting, freelancer and sole trading accounting, Small business accounting, Start-Ups / 11.05.2021
Outsourcing your accounts: 3 reasons all small businesses should do it
Any small business owner is always looking for ways to grow, work more efficiently and make their life easier. One of the best ways to achieve this is by outsourcing certain key tasks. This basically sees you pay a professional, external company to carry out work...
Accounting, freelancer and sole trading accounting, Limited company accounting, Small business accounting, Start up business accounting, Start-Ups / 04.05.2021
3 accounting mistakes to avoid as a new start-up
Starting your own business is an exciting thing and something that will hopefully grow to meet your expectations. It is not always easy though and you need to do all you can to help it flourish. Looking after your accounts as a new company is prime...
Accounting, Business, Start-Ups / 26.04.2021
4 things you should consider before starting your business
Whether you have a great business idea or dream of becoming your own boss, starting a business is an exciting time. Running your own business will take time, hard work and energy, but there are great rewards available in terms of your own freedom, flexibility, and...