How Accounting can help your Small Business Succeed? In the ever-changing world of small business, the key to understanding how accounting can really help your efforts is simple: you need a skilled accountant. As we explore the various ways accounting can transform your business, the bottom line is this: having a qualified accountant is essential. … Read more
Is it worth getting an Accountant for a Small Business? Running a business is no small feat. The demands of managing operations, sales, marketing, and customer relationships can be overwhelming. One essential aspect that can often be overlooked is financial management. While many small business owners attempt to handle their finances on their own, there … Read more
Drawing a Salary from your Limited Company. Do’s and Don’ts. For owner-director limited companies, you may be tempted to believe that if the company makes money, so do you. However, you need to be aware of the legal distinction between you and your limited company and how that impacts the tax you pay, the money … Read more
Unlocking Financial Success: Exploring Funding Options for Your Business Following on from our article on cash flow, I wanted to explore the various ways a company can raise cash to help fund their business venture. Whether you’re just starting out or expanding your existing operations, there are several ways to fund your business. If you … Read more
Essential Guide to Claiming Expenses for your Business: Dos and Don’ts When it comes to business expenses in the UK, knowing what to claim and what not to claim as a business expense can be a minefield. Any tax-savvy business owner will want to claim as much as possible in order to reduce the amount … Read more
A Guide to Repaying Student Loans when you’re Self-Employed Student Loans – How are they repaid if I am self-employed? In the UK, student loan repayments for PAYE employees are deducted automatically from their salary by their employer, using the PAYE (Pay As You Earn) system. The amount that is deducted depends on the employee’s … Read more
New UK Corporation Tax Rates Effective from April 2023 Corporation tax is a tax on the profits made by companies and businesses. Since 2017, the UK rate of corporation tax has been at a historic low of 19% for all companies regardless of profit levels. However, from April 2023, the tax rates on company profits … Read more
Why Cash Flow Matters: Tips and Tricks for Small Business Owners Starting a new business can be an exciting and challenging journey, and one of the critical components of financial success is managing cash flow effectively. In this blog post, we’ll explore the importance of cash flow for new UK companies and provide some practical … Read more
What you can expect from your Accountant What does an Accountant do for me? When starting out on your own, you get to the point where enough people have mentioned their Accountant that you think maybe it’s time to get one yourself. Many people wonder why they need an Accountant and what benefits they bring. … Read more
Is a Company Car Right for You? A Director’s Guide Read on before buying a company car Did you know that just over half of all newly registered vehicles in the UK are owned by a company? Surely that means that they’re raking in a huge tax benefit, right? Have you got your eye on … Read more