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- Tax Saving Accountants
- 9 Jan 23
What Financial Records Do I Need to Keep as a Business?
As a sole trader business, getting to know the ropes of financial accounting means knowing what to keep and for how long. In the UK, HMRC can request to see any record that you’ve reported to them, and thus you have to be able to provide sufficient evidence of a transaction. Else, there could be […]
- Tax Saving Accountants
- 26 Sep 22
What Is the Best Pay Frequency For Your Business?
For businesses, payday is one of the most important days of the month. It’s the time when your employees frantically refresh their banking app to check if their wages have gone through, making for a collective feel-good moment across your business. However, different businesses handle payroll with different schedules to benefit their business. They consider […]
- Tax Saving Accountants
- 15 Aug 22
The Importance of Sustaining Business Credit Control
For sole traders and small businesses, one of the most critical yet asinine tasks they are faced with is collecting unpaid invoices. You may find yourself offering credit to clients to get a sale over the line, but the hassle of chasing up unpaid invoices may leave you considering if all that is worth the […]
- bravecreative
- 1 Jul 22
Why Bookkeeping Is Integral to Your Growing Business
The most gratifying thing as a business owner is seeing your company, your pride and joy, attracting more customers and generating more profit. Perhaps you’ve been in a rut lately or have been keeping stable but with little growth, but that is where a small business accountant near you can help. Look around at financial […]
- Tax Saving Accountants
- 21 Jun 22
The Basics Of UK Corporate Tax
When managing your own business in the UK, one of the biggest but most essential bugbears is corporate tax. In the UK, corporate tax is kept track of and sent to Her Majesty’s Revenue & Customs (HMRC, formerly Inland Revenue), and taxes businesses based on their earnings throughout the year. It’s similar to income tax […]
- Tax Saving Accountants
- 8 Jun 22
Advantages of a Sole Trader Accountant
If you’re thinking of starting your own sole trader business, it can be daunting to set it up in a way that will deliver the best results to you. However, there are solutions for you that will take a huge amount of workload away from managing finances, paperwork and sole trader bookkeeping associated with running […]
- Tax Saving Accountants
- 11 Apr 22
A Day In The Life Of A Business Accountant
Whether you’re looking to join the world of accounting or you’re looking for a new accountant to help you with your business finances, it is certainly worth knowing what happens in the life of an accountant before you make your decision. Many assume that the day of a business accountant is sitting at a desk […]
- Tax Saving Accountants
- 9 Mar 22
What Is Payroll Outsourcing?
Put simply, Payroll outsourcing is the act of transferring, subcontracting or outsourcing your payroll processing to another company or accountant. Payroll outsourcing is for businesses that don’t have the time or resources to take on the daunting responsibility and hairy hassle of processing payroll in-house. Outsourcing of payroll gives businesses an opportunity to not only […]
- bravecreative
- 24 Jan 22
Is It Time to Change Accountants?
Accountants are important to the functioning and profitability of a business, whether that is a startup or a limited company. Not only are they crucial in helping businesses run as efficiently and effectively as possible, but they also help to achieve it from a tax and compliance perspective. So, when it comes to deciding whether […]
- Tax Saving Accountants
- 8 Nov 21
What’s the Difference Between Budgeting and Financial Forecasting?
Budgeting and financial forecasting often come hand in hand when it comes to the financial management, development and direction of a business. Although they are both similar processes, they do have some key differences. These financial tools allow businesses to plan for growth and it’s vital for your accounting team to have a solid understanding […]