Self Assessment

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...

Accountancy is very important when it comes to running your own business. A major part of this is completing annual tax returns to HMRC and quarterly VAT returns for VAT registered companies. It goes without saying that getting the right figures in these returns is key,...

Small businesses are the backbone of the UK economy and crucial to the overall success of the nation. It is not always easy to set up and establish a thriving small business, however, and there is lots for any entrepreneur to think about in 2022. One...

The UK government announced that National Insurance Contributions for employers, employees and the self-employed would increase by 1.25% from April 2022. SMEs in the UK will need to be aware of what this means for them, so we have broken down the key considerations in this...

If you’re a sole trader or start-up, every opportunity to secure a client or make another sale is crucial. The last thing you want to do is waste precious time that could be spent chasing leads trying to get your business finances in order. If your business...

Whether you choose to be a limited company or a sole trader, all new businesses start somewhere. All new businesses also need to pay attention to a few crucial areas if they are to succeed in the long term. Start-up accounting is certainly something any nascent...

If you’re considering embarking on a new career as a sole trader, or if you’re about to launch a start-up as a sideline to your existing occupation, you might be apprehensive with regard to how taxes and expenses work. As a sole trader, your company won’t...

It’s no secret that most small businesses face numerous financial challenges, including limited cash flow and inadequate capital. As a result, many small business owners opt to DIY most of their tasks, including small business accounting, to save money. Unfortunately, they only end up losing more...

Starting your own small business is exciting but can also feel a bit daunting. This is especially true if you are a new entrepreneur and have never run your own company before. As with everything in life, it is often worth looking for additional support to...

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...