Year End Accounts

02 Apr

Posted at 07:08h in Accounting, Business, Cloud Accounting, Finance Law, Limited company accounting, Self Assessment, Small business accounting, Tax penalties, Year End Accounts by
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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...

11 Jan

Posted at 10:01h in Accounting, Accounting Software, Bookkeeping, Business, Cloud Accounting, Making Tax Digital, Small business accounting, Start up business accounting, Year End Accounts by
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Cloud accounting refers to the process of moving traditional accounting online - more specifically, to the cloud. It can do everything that traditional accounting does but uses third-party APIs so that businesses can make better and easier use of their finances. Cloud accounting is especially useful...

20 Nov

Posted at 11:38h in Accounting, Bookkeeping, Cloud Accounting, freelancer and sole trading accounting, Self Assessment, Small business accounting, Year End Accounts by
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When you start a business, whether freelance or a limited company, it’s easy to forget about all the statutory accounting obligations, including retaining business records. Unfortunately, this can result in fixed penalties, fines and interests that cost your business significantly. So, it’s vital to know how...

10 Sep

Posted at 10:18h in Accounting, freelancer and sole trading accounting, Small business accounting, Year End Accounts by
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Anyone who is self-employed knows that accounting and tax are very important considerations. When it comes to tax, all self-employed people need to complete a self-assessment return each year for HMRC. This tells the Government what you earned, how much profit you made and enables them...

18 May

Posted at 15:59h in Accounting, freelancer and sole trading accounting, Limited company accounting, Self Assessment, Year End Accounts by
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When you first set up a business, you will need to decide on the structure. For many people, this comes down to deciding whether setting up as a limited company or a sole trader is best. here are key differences in how each type of company...

03 Jan

Posted at 12:30h in Accounting, Business, Self Assessment, Tax penalties, VAT, Year End Accounts by
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If you run your own payroll system, you need to be aware of all relevant legislation coming into effect in 2019. One of the most important income tax changes which will impact all your workers is the increase in personal allowances which takes effect from 6...