Making Tax Digital, What Does it Mean?

Over the last few decades, the Internet has revolutionised the ways in which we go about our day-to-day activities. Be it chatting with friends, ordering groceries or even looking at too many pictures of cats, we are living in age of unprecedented access and control of our lifestyles, all contained in devices big enough to sit in our pockets. In line with this, HMRC is taking signifi… Continue Reading

Is your company ready for auto-enrolment?

Is your company ready for auto-enrolment? The Pensions Act 2008 brought into law that all employers had to offer a workplace pension to qualifying employees and that these employees would be automatically enrolled into the scheme. Why Was Auto-Enrolment Enshrined in Law? The Government is very aware that people are living longer and currently not saving enough for retirement,… Continue Reading

Top Five Time-Saving Accountancy Tips For Busy Small Business Owners

It goes without saying that all small business owners are extremely busy, and it can often be difficult to keep on top of everything. One area that your really can’t neglect is bookkeeping and accounts; however, it is not always easy to dedicate the time that’s required when you have so many other things to do. So take a look at our top time-saving accountancy tips that ca… Continue Reading

Common book-keeping mistakes made by small businesses

Many small business owners are guilty of making mistakes when it comes to keeping on top of their books. In most cases, this means that they are neglecting to give their books their full attention because they are just far too busy with other aspects of running their business. However, this is not something that you can afford to do, as it can lead to financial errors and a lack of contro… Continue Reading

Becoming Your Own Boss: Essential Advice

More and more people are starting their own businesses in the UK. There are certainly many benefits associated with becoming your own boss, including the potential to make more money, have more freedom and be doing something you love. But, starting a business is never an easy option, as there is so much that needs to be done that you may not have even considered as an employee. This is w… Continue Reading

Make This The Tax Year to Improve Your Business Finances

I think you’d all agree that we would all like to be better organised when it comes to business finances. We’re a month into the new tax year and if your small business has yet to make improvements for the year ahead to help improve your business finances, now is the time to act before it is too late and the tax year is coming to a close. The last thing you want to do is miss out on tax brea… Continue Reading

Five accounting mistakes that could put your company at risk

Accounting mistakes can be some of the most damaging events to happen to a company, whether it is a new start-up or a well-established firm. In some cases, accounting mistakes can compromise the future of a business. This is why, no matter the type of company you run or the size of your business, you need to handle accounting with care, accuracy, and professionalism. Read on to discov… Continue Reading

Is this year’s budget a budget for small businesses?

A few weeks ago, George Osborne, the Chancellor of the Exchequer, revealed the 2016 Budget. As to be expected, the budget has come under criticism from a number of different parties. However, small business owners as a whole were not being critical. Osborne revealed that this year’s budget was designed to put the next generation first. It has even been labelled as the budget for sma… Continue Reading

Why good accountants are essential for start up survival

When first starting out in business, it is important to keep your costs as low as possible. After all, there are so many different things you need to fund, and things can soon spiral out of control if you are not careful. Nevertheless, one thing you should certainly invest in to ensure your start up survival is a good accountant. This may cost you a bit of money in the beginning, but it can… Continue Reading

What business expenses can I claim through my small business?

The 2016 deadline for submitting a company’s annual tax return is approaching. Understanding which business expenses can and can’t be claimed can be a daunting task, especially for owners of small businesses who do not have a dedicated accounting department. Here’s a quick guide to the tax allowable expenses that you can claim back as a small business owner.… Continue Reading