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Running a business costs money. There are always costs, overheads and supplier bills that mount up – and these expenses will gradually chip away at your cash position, making it more difficult to gr [read more]
Introduction
Are you using artificial intelligence? As we
see artificial intelligence (AI) more and more in daily life, we’re also
hearing debates and speculations about its potential to replac [read more]
Introduction
For small business owners, tax season can be a stressful and daunting time of year. It makes sense that you’d rather not think about it, but as a bookkeeper, every year I see b [read more]
We all know that positive cashflow is the beating heart of any successful business. And with so many external pressures on your cash right now, it’s important to have one eye on the future.Cashflow [read more]
If you have share capital or voting rights in a company, you can be classed as a ‘participator’. And where a participator (or an associate of a participator) owes money to a close company, the com [read more]
Whether you want to grow your business or take more time for yourself, these goal-setting tips can help you achieve your long-term plans.Think big! - What do you want from your life – and how can yo [read more]
HM Revenue & Customs (HMRC) is about to update and change its penalty regime – and these new penalties could affect your tax submissions as early as January 2023.HMRC’s new penalty regime aims [read more]
Christmas is nearly here, and it’s a great time to let your customers and team members know how much you appreciate them. But after another unsettled year – it’s not easy to know how much to spe [read more]
If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible for you, as the employer, and tax-free for your staff.This means [read more]
Holiday breaks are a chance to recharge for the year ahead especially after the year we have had. We look forward to warmer weather and finally setting up an out-of-office email for the break. However [read more]
Paying your tax bill on time can be a struggle. The HM Revenue & Customs’ (HMRC’s) penalty regime exists, to act as a deterrent for late payment and overdue submissions.But did you know that H [read more]
Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain.Most businesses with annual sales of £85,000 or more have to register f [read more]
Most small business owners are familiar with the idea of a traditional on-site bookkeeper, but could your business benefit from hiring a virtual one instead? There are many benefits to hiring a virtua [read more]
Every business owner must know where the money in their company comes from and where it goes. That’s why financial management is one of the most important things to keep in mind.What is a business b [read more]
With greater use of home-working now the norm for many UK businesses, it’s important to think about the deductible expenses that you may be able to claim when working from a home office.Working from [read more]
It’s been a tough time financially for many UK businesses over the past year. So, as we gradually begin to ease out of the pandemic, there’s likely to be an increasing need for extra funding to ge [read more]
Accounting is notoriously complex but as a small business owner, good accounting practices are essential to the financial health of your organisation. Taking your accounting seriously from the start i [read more]
Are you planning a new business or thinking about pivoting an existing one? Spice up your business plan to start on the right foot.Having a detailed business plan is critical to any venture.It helps y [read more]
If you want to avoid the stress of the tax period, follow these four simple steps to prepare your business in advance.Tax season is one of the most stressful periods of the year for a business owner. [read more]
