Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

Do you know what your business is really worth?

Many companies, when asked what their business is worth, will state the amount of their annual turnover. However, there are many contributing factors to the overall value of a business; the yearly profit is just one of the metrics a company should use to determine its worth. Arranging a business valuation by a qualified and[…] Read more »

Key accounting requirements for small business owners

Focusing on the daily operational aspects of your small business can often lead to neglect of the key requirements that can prove so influential to the success of the company. It’s vitally important that any small business owner sets the time aside for regular business administration and review of company finances.

Tips for maintaining healthy cash flow balances for businesses

Balancing the ongoing financial obligations of your business is critical for maintaining a healthy cash flow and ensuring ongoing success. Follow these simple tips to keep business cash flow on target:

How to assess accountants: Finding the perfect people for you

If there is one thing that people struggle with when they’re on the search for a new accountant, it’s assessing whether the company is right for them before they commit. The reality is that not all professional enterprises are created equal, and that every individual will have slightly different needs that need catering to. 

Tax-saving tips for the self-employed

Many self-employed people are unaware of the savings they could be making on their tax bill. It’s all legal, of course. What we’re talking about here are methods such as assessing areas where you may be paying too much tax when you shouldn’t be. You may not have worked this out previously because you don’t[…] Read more »

Finding the right payroll software for your business

If you’re running your own payroll you will need HMRC-recognised software that gives real-time reporting of PAYE information direct to the HMRC. You can choose to run free payroll software if you employ less than ten employees but will need to purchase a relevant software package when you employ more than ten people. Finding the[…] Read more »

What is managerial accountancy and what’s the benefit to my business?

A form of accountancy that is often overlooked is that of managerial or management accountancy

Do I need to register my small business for VAT?

Setting up your own business is naturally exciting but this can also pose a few questions in areas you may not have much experience in. One of the main subjects small business owners can need help with is accountancy and tax questions. By far, one of the most popular questions asked is whether you need[…] Read more »

Key accountancy considerations for sole traders

When you set up as a sole trader you will become responsible for your own books, accounts and taxes. For many, this is an unwanted burden distracting from the core goals of your business, but it is vital that you get it right. If you fail to manage your accounts correctly then you can incur[…] Read more »

Do I really need a book-keeper?

Whether you are a sole trader running a small business or a large, corporate organisation, you will need to keep stock of all of your financial transactions. Whether it’s day to day expenses or money coming into your business, it is important to record each and every transaction. You may be wondering why you need[…] Read more »