Are making payments slowing you down?
How do I make quick payments? Believe it or not (a play on my surname), the most frequent challenge we have heard from clients over the past three months is with regards to how long it’s taking them to manage their payments process. We are defining the payments process as everything from raising a purchase […]
Do I need an accountant for my startup business?
When starting your own business, you should look to get your financials in place to provide a firm foundation to launch your startup. Using the services of a professional accountant can put you in the best position for subsequent growth and development.
Best accounting software for startups
For many tech startups, the logical place to start for measuring business growth and success is with accounting software. But which accounting software is best for startups?
Accounting tips for small business startups
Small business startups need the right foundations on which to build their growth, and one of these foundations is their accounting. Here, we look at important accounting tips for small business startups.
Declaring dividends
Declaring Dividends? Dividend payments are a common way for business owners of limited companies in the UK to extract profits. However, understanding how much can be withdrawn without incurring unnecessary tax liabilities or breaking any rules is crucial. Legal Requirements Sufficient Profits: Dividends can only be paid from post-tax profits. Drawing dividends that exceed this […]
How to manage employee expenses
How to manage employee expenses What are employee expenses? Employee expenses are costs incurred by employees that are reimbursed by the employer. Often these costs are incurred when it is not practical for the employer to pay. As an employer you should make sure that you have a good employee expenses policy in place. […]
Limited company annual accounts: everything you need to know
Taking care of your annual accounts can seem like a confusing process. It’s the reason why most limited companies will choose to work with a professional accountancy service to ensure they’re compliant. To makes things a little simpler, here’s a quick guide to limited company annual accounts. What are annual accounts? A limited company […]
Do sole traders have to produce annual accounts?
Sole traders are the most common type of self-employed person. It’s easy to set yourself up as a sole trader with no founding legal documents or other agreements required. All you have to do is inform the HMRC you are trading before you begin. The legal and taxation requirements on sole traders are deliberately simple […]
How to keep your annual accounts costs low
Taking care of your annual accounts is an essential part of running a business. Whether you have an in-house accounting team, take care of your accounts yourself or use professional accountancy services, it’s crucial that you get them right. Annual accounts not only help your meet your statutory objectives but also provide valuable information about […]
How to use the VAT annual accounting scheme for your business
All businesses, whether sole traders, partnerships or limited companies, are required to register for VAT when their annual turnover reaches the VAT threshold. This is currently £85,000. Many businesses will choose to register for business and commercial reasons, such as increased cashflow, prior to reaching this threshold. Once registered, businesses have to abide by a […]