As a small business owner, you may be wondering whether or not you need a bookkeeper, an accountant, or both? Bookkeepers can seem a little mysterious. In fact, they deal … Read More

When you start running a business, it’s important to be able to clearly separate your own personal money from the cash that’s been generated by the business. One of the … Read More

Do you have surplus cash sitting in your business bank account? Your cash is ‘surplus’ when it exceeds the amount of money the company needs for its usual everyday operations. … Read More

Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help … Read More

Keeping the UK’s tax system running effectively and up to date with advances in technology is no easy task. But the introduction of the Government’s ‘Making Tax Digital (MTD)’ initiative … Read More

When you’re a company director, it’s important to understand the distinction between paying tax on your company profits and tax on your own income. You will pay corporation tax on … Read More

Corporation tax is a tax that’s levied on your company’s profits. When you operate your business through a limited company, that company is considered to be a separate entity from … Read More

Value-added tax (VAT) is a consumption tax that is levied on goods that have had a value-added at each stage of the supply chain. Most businesses with annual sales of … Read More

Once you become an employer, you’ll need to set up a pay-as-you-earn (PAYE) scheme. All businesses that employ people earning above the National Insurance (NI) lower earnings limit (£120 per … Read More

Cash is the lifeblood of any business – once the cash dries up, problems quickly begin to multiply. Keep the cash running freely and you can continue to grow your … Read More