Accounting

FreeAgent is an award-winning accountancy software provider with a great industry reputation. So just why is it so popular in the small business world? We look at its key features and benefits.

A good accountant will keep your books in order, help with tax planning, and will ensure that you meet all your tax deadlines. Here are some tips from the ByteStart team to help you choose the best accountant.

Here is a list of accountants who specialise in helping small businesses – both sole traders and limited companies. Before you hire a new accountant,… Read More »Directory of Small Business Accountants

If you do a quick Google search for the term “contractor accountant”, you may be surprised to see just how many companies claim to be specialists in this sector. With so many companies to choose from, how do you know which ones will provide you with the best service?

Turnover is one key indicator and profit another although the two are not be confused. Our quick guide will explain exactly what turnover is, why it matters, and how to differentiate it from profit.

Every limited company must submit accounts to HMRC and Companies House each financial year. In this article, we look at what statutory accounts are, and how to work out your filing deadlines.
Read More »Limited company annual accounts – when are they due?

At some point in your journey as a small business, you’ll probably come across a common dilemma – you need an accountant.

But what’s the best solution for your business? Should you hire an in-house resource, outsource the work to a third party, or try and manage it all yourself?Read More »Do you need an in-house accountant or bookkeeper?

If you’re starting a new business, then the bookkeeping requirements are unlikely to be at the forefront of your mind. At this stage there are more pressing things for you to think about.

However, once your business is taking shape, you will need to start thinking about keeping up-to-date and accurate accounting details of your income and expenses. But what kind of records do you need to keep?Read More »Guide to bookkeeping for new business owners

The table below highlights some of the key dates to look out for when making income tax and NIC payments to HMRC. Chances are, your accountant will be well aware of all tax deadlines, however business owners are ultimately responsible for ensuring that tax liabilities are paid on time.
Read More »Annual and Monthly PAYE and NIC tax deadlines for small businesses

If you decide to work for yourself and begin trading as a sole trader, (self-employed) you will need to set up your accounts to record… Read More »Setting up accounts for a sole trader – a beginner’s guide