The world of accountancy is in flux. The industry is in transition, and accountants worth their salt are adapting to new methods and ideas to remain relevant going forward. Traditionally accountancy has been a secure sector. The key tasks carried out by accountants – namely compliance...
When you run a small business, you'll often find yourself spinning a lot of different plates in order to keep your company running smoothly. From frontline sales and marketing to HR and account management, you won't necessarily be in a position to have a dedicated...
Selecting an appropriate legal structure for your business is very important, but choosing a structure ultimately depends on the type of operation you wish to run now and in the future. If you’re not a one-man-band and you’re setting up in business with a partner or...
Business, freelancer and sole trading accounting / 09.11.2016
Freelancers: should you become a limited company?
At first glance, many freelancers might see becoming a limited company as overkill. A load of paperwork and extra stress, and for what? We often see limited companies as something for people with offices and employees, but for the right freelancer, the switch could save...
Accounting, Small business accounting, Start up business accounting / 28.10.2016
DIY accountancy for small businesses: is it worth it?
When you're a small business owner, multitasking is often a way of life; if margins are tight, you have to roll up your sleeves and become a one-person sales team, admin assistant and marketing manager. After all, if you can fit in a quick round...
Accounting, Start up business accounting, Start-Ups / 21.10.2016
Accountants: a start-up’s best friend
When starting your new business, there are a million things to think about: your name, your business plan, your staff, your targets and your branding. Financials can seem like a huge challenge to any entrepreneur, and often get forgotten about until the letter from HMRC...
Accounting / 14.10.2016
5 essential rules of good accounting
Let’s be honest – not many people in business like accounting. Accounting is necessary, however, and, when done right, can make your business stronger, more profitable, and agiler. As a starting point, you should follow these five essential rules of good accounting in your business. 1....
VAT / 10.10.2016
How to use VAT to improve your cashflow
Cashflow is a major issue in business. Even six and seven figure businesses can run into trouble if their cashflow isn't managed properly. At first blush, VAT seems to be the enemy, but if you work it right you can actually improve your cashflow through...
VAT / 28.09.2016
What could Brexit mean for VAT?
The referendum vote in favour of leaving the European Union has left a lot of people wondering what will happen in different areas of business, tax and finance. As VAT is an EU centralised tax, this has left many businesses feeling the need for professional...
The faces in the Government might have changed but Making Tax Digital, one of former Chancellor George Osborne’s flagship policies, shows no signs of being derailed. It’s been described as the biggest shake-up in tax reporting since online tax returns were first introduced, but what...
Yes, you need an accountant for tax planning and administration - but your chosen firm can also save your business valuable money and time. Let's take a closer look: 1. Getting it right from the start A good accountant won't just deliver tax planning and administration services...
Accounting, Business, Saving Money / 08.09.2016
How exactly can an accountant help me?
The traditional perception of an accountant is that they work with companies and individuals to ensure tax returns are filed on time and accurately. Perhaps, if you’ve watched too many films, you may also regard accountants as people that have eternally growing piles of unordered...