How to keep your cashflow strong

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

MTD Extension: Getting ready

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

Back to Basics: How does VAT work?

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

Back to Basics: How does PAYE work?

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

5 ways to improve cash flow

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

Choosing your bookkeeping system

All businesses must keep financial records of their sales, purchases and bank payments, and receipts. Know as your bookkeeping, you are recording all your financial transactions so that you can … Read More