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...
When running a small business or start-up, every penny counts. There's no place for excessive spending or inefficient budgeting, which is why it's absolutely essential to ensure you work with an accountant that helps you save money, rather than one that hampers your finances. So, with that...
For many people, VAT is rarely thought about. It’s an additional cost on products, but as it is incorporated into the displayed price for many items in the UK, it almost becomes an invisible tax. As such, many people don’t know much about it or even...
You will probably already know that becoming a VAT registered company is a legal requirement after your business reaches a taxable turnover of £85,000 (as of 2018/2019). But businesses can actually register for VAT before that - are there any benefits of doing so? Well, actually, there...
Whether you're a sole trader, planning a business startup, or a small business owner, it's likely you recognise that funding your trading can be very difficult when you have to cope with a limited budget. Perhaps you're already considering ways to reduce business costs in order...
Starting a business in the competitive UK tech market means staying on track with all the latest innovations within your field. One vital consideration for any UK tech startup is accountancy and ensuring the business is up-to-speed with all legal obligations relating to payroll, PAYE, National...
For any small business owner, continuous growth and an increased customer base is part of the long-term plan. However, this will also eventually mean you need to hire staff to cope with this extra demand. If you have not done this before then it can seem...
This year's PAYE deadline for employers with payroll was Friday 31 May. So, if you're reading this and have yet to get round to it, you're probably a little behind. Every year hundreds of people miss such deadlines, so what happens when a deadline is missed,...