Blog

Accounting, Bookkeeping, freelancer and sole trading accounting, Small business accounting, Start up business accounting, Start-Ups / 06.06.2022

The SME market is continuing to grow, despite the fact that 50% of start-up businesses will fail in their first year. Getting your new business off to the right start means taking on board accountancy solutions from the outset. Accounting sits at the very heart of...

Accounting, Bookkeeping, Cloud Accounting, freelancer and sole trading accounting, Self Assessment, Small business accounting, Start-Ups / 06.06.2022

Cloud-based accounting software is growing in popularity due to its compatibility with remote working, reducing admin workloads and making paying taxes online so much easier. With all of its benefits come some drawbacks and risks too, which is the case with all new technologies. Here, we...

Accounting, Business, freelancer and sole trading accounting, Self Assessment, Small business accounting, Start up business accounting, Start-Ups, Tax penalties / 23.05.2022

The world of work is constantly evolving and changing. This is especially true when you take a look at how people work now and the rise of freelancing. Offering freedom, a chance to be your own boss and to work in an area you love, freelancing...

Accounting, Business, Cloud Accounting, freelancer and sole trading accounting, Small business accounting, Start up business accounting, Start-Ups, VAT / 10.05.2022

Setting up an enterprise from scratch can be an exciting time for those with entrepreneurial intentions. However, such an endeavour includes a wide range of new responsibilities. If you have previously worked as a Pay As You Earn employee, you’re likely used to your firm managing...

Accounting, Accounting Software, Cloud Accounting, freelancer and sole trading accounting, Payroll, Small business accounting, Start up business accounting / 18.04.2022

One key element of small business accounting that is often not explored until the last minute is payroll. It's a defining moment in any small business when you go from being a solo trader to a business with employees. Even one employee can present difficulties when...

Accounting, Accounting Software, Bookkeeping, Business, Cloud Accounting, freelancer and sole trading accounting, Small business accounting, Start up business accounting, Start-Ups / 10.04.2022

Most businesses rely on financial statements to understand the financial health of their outfit. It's using statements that businesses gain indications of profitability, liquidity, and solvency of the enterprise. However, the statements are only as good as can be verified from reconciliation. Reconciliation is all about connecting...

Accounting, Business, Cloud Accounting, Finance Law, Limited company accounting, Self Assessment, Small business accounting, Tax penalties, Year End Accounts / 02.04.2022

If you run a private company in the UK, you must prepare two documents at the end of the financial year: Statutory annual accounts and a Company Tax Return. HMRC puts various deadlines in place for both of these documents. In most cases, they relate to...

Accounting, Business, Cloud Accounting, freelancer and sole trading accounting, Making Tax Digital, Small business accounting, Start up business accounting, Start-Ups / 02.04.2022

Accounting is an important subject for all business owners, especially as it’s often considered the “language of business”.   Here are some of the main things to consider to help your business grow and remain profitable. 1. Separate personal and business expenses Just as it's important to keep your...

Accounting, Business, freelancer and sole trading accounting, Limited company accounting, Making Tax Digital, Small business accounting, Start up business accounting, Start-Ups / 06.03.2022

Small businesses are key to the whole UK economy - be it in Manchester or anywhere else in the country. Due to the nature of these companies, they do not always have large numbers of staff to handle every task or huge departments to focus on...