Category: Blogs about accounting

Are loans to directors and employees tax free?

If you’re a director then taking out a director’s loan against the cash in your limited company might seem like a sensible thing to do.…

Getting ready for the extension of Making Tax Digital

Keeping the UK’s tax system running effectively and up to date with advances in technology is no easy task. But the introduction of the Government’s…

The value of cashflow forecasting during a crisis

Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start…

What’s the difference between financial accounting and management accounting?

You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged…

Should I employ family members in my business?

If you run your own business, it’s tempting to bring in your own family into the company. But it’s important to think through both the…

What’s the best legal structure: incorporated or unincorporated?

When setting up your business, one of your first decisions will be choosing which legal structure to use ’ and thinking about how this structure…

Setting up the compliance foundations

To trade as a business, you need to meet the right compliance requirements. It’s certainly not the most exciting part of creating a business, but…

Making Tax Digital for Income Tax Self Assessment – pushed to 2026

You might be aware of Making Tax Digital already. It’s the UK Government’s initiative for digitising and streamlining the tax return process. VAT-registered businesses are…