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
Bank of England: The Significance of the Base Rate Rising… Again As of the 3rd August 2023, the Bank of England base rate increased to 5.25%. This is the fourteenth time in a row that they have raised interest rates and the highest it has been for 15 years. In this article, we will look … 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
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
A Comprehensive Guide to Company Pension Schemes: What You Need to Know If you’re a UK company and you employ staff (or even just pay yourself a salary), you may have to offer a workplace pension scheme, also known as a company pension scheme. This is a legal obligation as a UK employer. You may … Read more
Navigating UK Personal Taxes: What You Need to Know About 6 Common Taxes Introduction to taxes Tax; even the word seems… well, taxing. The bane of people’s existence and yet a lifeline for many. It can fill someone with rage or make them feel that they are contributing to something greater. However, I’m not here … Read more
Ultimate Checklist For Starting A Business Starting a business in the UK can be a complex process, but with careful planning and organisation, you can minimise the risks and maximise your chances of success.Here’s a checklist to get you started: Company Structure One of the first things you should figure out when starting a business … Read more