Running a small business here in the UK in 2017 is no easy task, though with the right help, it can be both lucrative and exciting. Nonetheless, there is a good reason why so many of these fail in the first year. Here we look...
Blog
Payroll / 13.01.2017
Five essential payroll tips
Keeping up to date with your payroll can be extremely stressful and time-consuming. This is particularly true if you handle your payroll in house. Payroll can swiftly become a nightmare for business owners, but by following our essential tips you will quickly bid goodbye to...
According to the Institute of Chartered Accountants in England and Wales (ICAEW), many British businesses could be missing out on huge financial gains because they have either yet to consider exporting abroad, or because the idea of doing so causes concerns. Research recently carried out by...
Accounting, Business / 03.01.2017
3 tips to get your accounts sorted in 2017
An ice cream tub of receipts and a handful of bank statements is every accountant's nightmare. And often a self-assessment form can be every business owner's nightmare. But it doesn't need to be that way - there are some simple strategies that you can put...
There are only a few weeks left for you to file your tax return, or you're in danger of incurring some hefty fines. If you earn an income that doesn't fall under the PAYE system of an employer, you must file your tax return before...
Doing the books is a thorn in the side for most businesses, and whilst many try to do their own to save money, there may well come a time when it’s better to look to an expert for help. Whether you need to seek out...
Picking an accountant is like picking a business partner: the right one will support you, encourage you, and help you to thrive, whilst the wrong one will drain your resources and do little to assist your venture. Here at SQK Accountancy, we like to think that...
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...
Accounting, Business, freelancer and sole trading accounting, General, Limited company accounting, Saving Money / 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 you...
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...