Year End Accounts

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...

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...

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...

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...

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...

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...