Category: Blogs about accounting

Financial Tips for Small Business Owners: Navigating Uncertain Times

Running a small business is rewarding, but it comes with various challenges, finances being one of them – especially when the geopolitical landscape has gone…

Are you ready for your tax return?

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…

Why Cash Flow Forecasting Is Critical to Success

Cash flow forecasting can show you the ups and downs in your business. If you want to know what action to take, this is one…

How to Write a Comprehensive Business Plan

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…

New Rules Announced on Cryptocurrency Taxes!

Just before the start of this new 2021/22-tax year, HMRC announced changes to how crypto assets – those funds held in or earned through cryptocurrencies…

Are you unknowingly making illegal dividend payments?

We all know that dividend payments are a key way to pay yourself and your fellow company shareholders when your business makes a profit. But…

Six Steps for Creating an Effective Business Budget

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…

How the increased minimum wage will affect your business costs

Business costs are on the rise as we near the second quarter of 2022. Supply chain costs are increasing, energy prices are rising and labour…

HMRCs new penalty regime starts soon

HM Revenue & Customs (HMRC) is about to update and change its penalty regime ’ and these new penalties could affect your tax submissions as…

Keeping your cashflow strong in tough times

Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning…

Getting ready for HMRC’s new penalty regime

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…

Back to Tax Basics: How does VAT work?

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…