When starting a business, there are a number of ways in which this can be done. Options include operating as a sole trader, forming a partnership or setting up a limited company. Of these, operating as a sole trader is the simplest. Taxes you must pay If you run an unincorporated business as a […]
Setting up as a sole trader Read More »
Over the past few years, tax enquiries aimed at identifying and correcting errors or deliberate under-reporting in tax returns have increased. HMRC generates substantial revenue from all compliance activities and although the exact proportion relating to tax enquiries is not always separately reported, the latest figures show that for 2023-24 the amount secured from all
Should you dispose of old documents? Read More »
Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will use the money to increase the company’s profit. In return for taking this chance, a shareholder receives ‘payback’ usually as a share in the distribution of profits in the form of a dividend, however. payment
The company makes a loss – can a dividend be paid? Read More »
In business (and life for that matter!), the only consistent thing, is change. So the question is, “How can you move your business forward when you’re constantly facing uncertainty?” Whether it’s a pandemic disrupting supply chains or a new national government, geopolitical shifts like Brexit rewriting trade rules, uncertainty tests every organisation’s resilience. However, it
How to lead during periods of uncertainty Read More »
There’s no doubt about it: financial forecasting can be complicated. And while most business owners understand its importance, very few fully grasp its nitty gritty and how to maximise its value. As accountants, that’s where we come in. From helping countless businesses develop forecasts, we’ve compiled a list of our top tips to help you
8 forecasting tips from an accountant Read More »
Every business experiences its ups and downs, with periods where the workload spikes and feels never-ending. Typically, during busy periods, it’s easy to get overwhelmed by a mountain of customer demands, emails, and fires to put out…sound familiar? If so, you’re not alone. Many business owners and professionals encounter this ebb and flow. But before
How to Conquer Your Workload Read More »
Are you looking forward to a holiday but worried about managing your clients during your time off? Balancing work and a well-deserved break can be challenging, but it doesn’t have to be stressful. Follow this step-by-step guide to manage client expectations and ensure you can fully enjoy your holiday without any lingering work concerns. You
Going on holiday? Here’s how to manage client expectations Read More »
While Summer may seem like the perfect time to take it easy, especially if your business is prone to seasonal changes and this is your slow month, savvy business owners know it’s a golden opportunity to reflect, optimise, and prepare for the busier months ahead! Here’s how you can make the most of the quieter
How to harness the power of the slow summer season (and prepare for the busy season) Read More »
Do you feel like you’re constantly running with your business tasks, but getting nowhere? Like you’re working hard but not necessarily getting anywhere fast? It’s time we revive and embrace a seemingly forgotten mantra: work smarter, not harder. Lazy efficiency is about doing more, with less effort. Harnessing technology and innovative processes can reduce time
Want to work smarter, not harder? Here’s how to work more efficiently Read More »
In the vibrant early days of your business, managing finances in-house feels like a badge of honour. It’s intimate, direct, and appears to cut costs. Plus, you feel in control as you see the money going in and out of your bank accounts. Yet, as your business scales, this once straightforward task morphs into an
Reasons it’s time to outsource your finance department Read More »
