Accounting

Small business accounting software has changed massively in recent years. Thankfully, the advent of cloud computing has consigned the days of buying book-keeping software in a box and installing it on your own computer to history.Read More »How to choose the best online accounting software for your business

Few people start a new business so they can do paperwork. Spending time adding up receipts or pushing invoices around a desk is nobody’s idea of fun – unless you’re starting up as a book-keeper or accountant!
Read More »Book-Keeping basics every small business owner should know

In this guide, we take a look at the differences between financial and management accounts, and how each type of accounts can benefit your business.
Read More »Financial and management accounts – the differences

Claiming business expenses can help you to cut your tax bill but, knowing what, and how much you can claim for isn’t straightforward. Fortunately, HMRC allow the self employed to use ‘simplified expenses’ to claim certain allowable business expenses without having to make complicated calculations.Read More »How ‘Simplified Expenses’ can save you time if you’re self employed

While selecting an accountant can be a vexing process, especially if you are a new business startup, it’s much simpler if you approach it systematically and ask the right questions. So to help you find the ideal accountant for you and your business, here are the 15 questions you should ask before hiring an accountant;Read More »15 questions to ask when hiring an accountant for your small business

When you’re trying to work out how well your business is doing, one of the most powerful tools in your financial arsenal is your profit and loss account (P&L).
Read More »Profit and Loss (P&L) Accounts – guide for small business owners

Are you a self-employed individual? Do you have to travel on business, and does that travel ever entail an overnight stay away from your home?

Do you know exactly which of the travel and accommodation expenses you can legitimately claim back? If you get it wrong, you could pay too much tax, or worse still find yourself in trouble with HMRC for paying too little tax!
Read More »Travel and accommodation expenses for the self-employed

Changes are coming to the way benefits in kind are taxed – employers and employees should prepare themselves for the new rules, which come into play from April 2017.
Read More »Benefits in Kind: What you need to know about the new salary sacrifice rules

There are three reasons you need to be on top of the money coming in and going out. HMRC will need information from you at some point (whether you are a sole trader or run a limited company); you need to know if you have enough cash to get you through the month (cash flow); and finally, it’s good to know whether or not you are actually making a profit!
Read More »Staying on top of your company accounts – book-keeping do’s and don’ts

If you choose to set up a limited company when you start your business, you will need to file several pieces of paperwork as part of your role as a director.

One of the many pieces of paperwork you will have to generate on at least an annual basis is a balance sheet.
Read More »What is a balance sheet and how do you create one?