All business owners have a number of different options available when it comes to paying themselves. It can be tricky to make the right decision, as you need to find the perfect balance between your needs and the needs of your business. One option is to...
If your startup or existing small business is not making use of all available tax breaks, you could struggle to show profits. These tax saving tips for small businesses may offer the assistance you need: Tax saving tips The following simple tips may provide some help in cutting...
With increasing numbers of services being offered through the cloud, and ever more businesses integrating themselves into this revolutionary technology, it is no surprise that accounting and accountancy have also discovered the benefits. Cutting edge accountancy firms are choosing to incorporate the cloud into their...
If your business is registered for VAT then one thing that will probably stress you out more than anything else is the prospect of HMRC coming to do a VAT inspection! However, this really shouldn't be the case. As long as your VAT accounts are...
An accountant plays a key role in ensuring your long-term financial success. Whether you run a small business, or work for yourself, it's absolutely essential to have the correct support network in place to keep everything ticking over properly. So what do you do if your...
Accounting is an indispensable part of business. It is the source of critical information such as performance records, financial positions and cash flows. With this data, enterprises have an easier time making decisions on how to get ahead of their completion. But for small and...
Small business often fall into the trap of believing that they're better off doing their own accounting than outsourcing to a specialist. It's easy to understand why, if it's just you and a few employees then surely it's quicker and easier to just do it...
VAT, the dreaded Value Added Tax, is something which can often befuddle and mystify business owners, to the point where it's worth outsourcing to a professional VAT specialist just to avoid the headaches. While VAT can be a complex beast, there are several long-standing misconceptions...
The benefits of outsourcing your accountancy requirements are well known, but in order to avail yourself of those benefits you need to make sure that you choose the right firm. Remember you're literally trusting them with your business, so it's important that any accountancy firm...
Accountancy in business is a process that's as difficult or as simple as you want to make it. Businesses of all sizes often complain about the trouble they have balancing their books, but at the same time all too often they're making one, or all,...
VAT registration becomes a legal requirement if your business is turning over in excess of £85,000. VAT registration can be done, relatively easily, online through the HRMC website. Though VAT registration is often the cause of headaches and confusion, the reality of the matter is that...
Having an effectively managed payroll system is essential for all businesses. They act as records of wages, taxes and verification of contractor or freelance worker payments, and can be inspected by HMRC at any time. As such, companies must have an efficient and accurate system...