When you first set up a new business the easiest option is to set up a business bank account at the bank where you hold your personal account.
If you don’t collect enough money from sales to cover your bills, then you’re going to have a cash flow problem. It’s as simple as that and a problem that even the most profitable companies face from time to time.
Covid-19 has been an eye-opener for many business owners, as it has highlighted that they don’t know how many months of cash reserves they have in place or if they are cash-flow positive or negative.
Local accountancy services tailored to your specific requirements no matter the size of your business.
Businesses of all sizes and across all sectors are being affected by the coronavirus crisis
If you’re a business owner and don’t want to spend your day worrying about balance sheets and VAT returns, then you’ll need to find a qualified accountant
Think Research and Development tax allowances don’t apply to your business? You may well be surprised. Last year more than 39,000 UK companies took advantage of the scheme!
Busy schedules, long days, quotes to provide - the last thing you need to be worrying about is making sure your accounts are in order. The good news is if use an accountant who is an expert at working with building trade customers, then you won’t have to.
It’s a fact - nobody likes paying tax, so the more you can reduce your tax liability the better. But did you realise that as soon as you decide to go into business you should be thinking about your tax liability? Or that being complacent about income tax could see you losing out?
It doesn't matter if you run a small business or a large corporate entity, if you don't consistently generate a profit, your business will fail. Just look at what happened to Thomas Cook!
Choosing the right accountants for your business can be difficult and daunting in equal measure. Why? Because if you want to get the most out of your new accountants, then you shouldn't see them as someone who just does your books, but someone who is a business partner, on hand to offer advice and guidance as your business grows.
In the old days, accountancy services, were just that – services which dealt with your accountancy issues, such as VAT, Bookkeeping, Corporation Tax, Self-Assessment etc.
There is no doubt by now, that if you're a VAT registered business with a taxable turnover above the VAT threshold, you'll be fully aware of Making Tax Digital.
We take a look at why business process outsourcing could be the answer to your prayers and how it could benefit your business.
We know how important a well-planned recruitment strategy is to business success, so have come up with the following tips...
We take a look at the tax efficient employee incentive schemes that could help keep your staff motivated!
Most of you will probably have heard of buy-to-let: you buy a property and rent it out to someone else. But have thought about renting that property back to your own company?
One of the advantages of running your own limited company is the number of Corporation Tax breaks you can get. The problem is that most of us are too busy running a business to put the necessary time and research into working out what we should be doing, let alone how we should be doing it.
Okay, that’s not true, but now we’ve got your attention, let’s talk about how you can get HMRC self assessment ready and stop it being the bane of your life.
We get it. You didn’t set up a business to spend your days crunching numbers, dealing with tax returns or panicking about getting all your paperwork to your tax accountant on time.