The most common reason for having a limited company is the tax savings. These can be many thousands of pounds but get it wrong and it can cost you thousands too. This guide is to make sure you don’t end up the one losing money.
Business may have recently taken a downturn or you are in the process of closing it down. If you are wondering about how and when to re-register from VAT then read on…
So you are ready for a new business venture and have decided a limited company is right for you. Here is a guide to getting one setup. There are some basic initial guidelines to forming a company which you need to get started:- A company name – It goes without saying that your […]
When it comes to paying tax, we all know it’s got to be done, but that doesn’t mean we’re going to enjoy it! Parting with the money to pay your tax can be hard but getting a fine because you haven’t paid it on time makes it even worse. Here’s a simple guide on when […]
Xero and GoCardless: Getting you paid on time, every time We know how important cashflow and timely payments are for you as a business. That’s why we’re pleased to tell you more about one of our favourite apps – GoCardless for Xero.
You have just received your tax bill for the year and are left wondering how you are going to pay it. Unfortunately, this is a situation that many find themselves in on a regular basis. So how can you prepare better for your tax bill? We have put together 5 tips on how you can […]
Whether you have only just started your own business or have been trading for years, it can be difficult to know exactly what you can and can’t claim as business expenses. To help, we have put together a list of the expenses that most commonly cause confusion. Fuel vs Mileage If you own a […]
Habits, both good and bad, are part of our lives and are mostly what makes up our daily routines. However, bad habits can disrupt your life and can affect your physical and emotional health. In the case of business, bad habits could even harm your profits. You know how you won’t delegate tasks or […]
You arrive for your first meeting at a new supplier and they have a space reserved specifically for you, greet you by name on arrival in reception and have a friendly welcoming setting in which to talk.
Chasing and collecting debts happen in nearly every business. In the current economic climate, your customers may be struggling more than usual to pay their debts. However, there are good and bad ways to perform debt collection. We have put together a list of a few ways that will help improve your success.
So your business has grown to such a level you can no longer do it on your own. You’ve explored all options and the most sensible one is to take on your first employee! There are many things you need to consider and we will run through them in this article.
So the 2018 budget has been done. It was certainly not a great budget for the tax payer with very little to cheer about. We take a quick look at the key points of interest for business owners in a clear easy to understand summary.
Teamwork is often vital to the success of a business. It’s the process of working together to achieve a goal in an effective, efficient manner. We take a look at what you can be doing to ensure your team i as strong as it can be.
Many business owners start their business by simply trying to win as many customers as possible as quickly as they can. Little thought is given towards who you want to work with but more just being able to pay the bills. But this can’t last for ever…
Deciding to start your own business is an exciting beginning to a new chapter. Once the initial excitement dies down however, you may find yourself lost as to where to begin. We’ve created a list of the 8 most important things you will need to do before starting.
Your business is growing rapidly, and profits are anticipated to keep increasing. This is great and shows that your business is heading in the right direction. However, it is important not to let your guard down, as even a profitable business can be hit with problems if there is not enough money coming in.
Are you considering selling your business? If your business is reliant on you then you are likely de-valuing your business! This guide will cover the steps to systemise your business and improve the offer you are likely to get.
Some people love the idea of an open plan office and others couldn’t think of anything worse. Here’s a few of the advantages and disadvantages of an open plan office to see if this is the right thing for you and your team.
Made your first sale and now need a sales invoice template to use? Tried creating a sales invoice and don’t know what / what not to include? Here is a simple guide to what you need to include in a sales invoice.
Do you have clients who take up a huge amount of your time, pay you next to nothing and rarely value you or your team at all? The bad news is you aren’t alone as in most businesses the worst 20% of clients take up 80% of your time. The good news is that it […]
Losing a first or important client is super scary! It’s not the end of the world though. So now it’s time to understand why and what you can do about it.
Make Xero work harder for you so you don’t have to We are a practice who pride ourselves on saving our clients time using the most automated systems available. We have come up with 5 simple steps to make bookkeeping in Xero quicker and easier meaning less time is spent on bookkeeping and more time […]
What to do if you’ve lost your UTR number. Your Unique Taxpayer Reference Number (UTR) is a 10-digit number that is used by HMRC to identify you. You need it in most cases when corresponding with them and to file any tax returns you have due. Without it it’s impossible to file a tax […]
Help for deciding the best set up for your new business As a firm of Accountants specialising in startup businesses we get asked this question all the time. Unfortunately it’s never a blanket type answer that you can quickly assess but in this guide we will talk you through the different things to consider […]
5 Factors that change how much an accountant will charge you. It’s a common misconception that Accountants are expensive. Many Accountants simply don’t display prices and we all get a little concerned and wonder what they are hiding.
Helping you understand what you can and can’t claim for whilst contracting. Expenses are pretty much the point of contracting via a limited company! The merits of the different methods of contracting were discussed in our Guide to contracting and we established that for longer contracts (more than a few months) contracting via your own company was […]
Helping you work out how to get started with contracting. More and more people are finding themselves having to turn to contracting either through redundency or organisation restructuring. It can be a daunting time as there are so many differences to being a ‘normal employee’ and now having to deal with your own accounts and […]
Helping you understand the world of mortgages for the self-employed. As an accountant having acted for hundreds of self-employed people and directors of limited companies we have seen how many hoops you have to jump through in order to get a mortgage. If you have obtained a mortgage when you were employed you may well […]
Helping you understand HMRC tax payments on account. If you are self-employed or pay tax via self-assessment then you may come across the joy that is HMRC payments on account for tax. We know how confusing they can be as we answer questions about them all the time. This article is designed to go through […]