Feb 15, 2025 | Accountancy, Self Assessment, Self employed, Sole Trader
Starting a business as a sole trader means lots of decisions to make and stuff to do. One of the first questions is whether to run the business as a sole trader to set up a partnership with others or whether to form a company How you operate your business determines...
Dec 15, 2024 | Accountancy, Tax, VAT
Running a business in the UK – we know it comes with its fair share of tax responsibilities. And VAT is often one of the most confusing areas, especially reverse charging VAT. It’s something every business owner, freelancer, or entrepreneur needs to...
Oct 6, 2024 | Accountancy, Business Support, Cloud Accounting, Cloud accounting Business growth
Do you still use old-fashioned ways to handle your business’s money, like writing things down or using outdated software? Keeping track of invoices, entering numbers by hand, and fixing mistakes can feel like you’re always doing extra work. That’s why the...
Jul 14, 2024 | Accountancy, Business Support, Money, Tax, Tax Advice
Are you making the most of taxable benefits? This is such an underused tax strategy, yet it is so powerful. But before we go into taxable benefits, Salaries and dividends A salary, unlike dividends, is subject to the employer’s and employee’s National Insurance...
Jun 16, 2024 | Accountancy, Budgeting, Money, Profit
Are you a small business owner trying to wrap your head around the world of accounting? One term that might have you scratching your head is “depreciation.” So, we’re here to break it down in an easy-to-understand way. But, let’s start with the...
Jun 9, 2024 | Accountancy
Have you ever heard of the matching concept in accounting? You’re not the only one if you haven’t! Firstly, let me start by saying that it falls within the accounting basics. And now for the definition: The matching concept in accounting is fundamental in...