Accounts and Accounting

Accountancy advice tailored for small businesses

Accountancy is one of the most important areas of business. Every SME owner needs to have their finances in excellent shape – disorganised or inaccurate figures could harm business and impact the bottom line. Why not browse through articles in this section to polish up your knowledge on topics ranging from tax returns and PAYE, to accountancy software and budgeting?

How to Deal with VAT Error Correction

How to Deal with VAT Error Correction

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How to Deal with VAT Error Correction

Alan Rolfe from HWB Chartered Accountants outlines the correct procedure for VAT error correction to follow if you've made a mistake on your quarterly tax return

Common Financial Pitfalls & How to Avoid Them

Common Financial Pitfalls & How to Avoid Them

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Common Financial Pitfalls & How to Avoid Them

Chris Woodard, Co-Founder of Handle.com, explores some of the biggest financial mistakes that new business owners make and how to avoid them

How to Increase Profits Without Increasing Sales

How to Increase Profits Without Increasing Sales

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How to Increase Profits Without Increasing Sales

Mark Tighe of specialist tax relief consultancy Catax explores how businesses can generate revenue from existing assets, both physical and intellectual, with a focus on tax breaks

A Guide To Chasing Late Payments

A Guide To Chasing Late Payments

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A Guide To Chasing Late Payments

It's important to be aware of how to chase up unpaid invoices to protect your business and its cash flow. Here's Sage's guide on how SMEs should approach chasing late payments

Pros and Cons of Limited Company Contracts

Pros and Cons of Limited Company Contracts

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Pros and Cons of Limited Company Contracts

Hannah Robinson, Digital Marketing Manager of Larsen Howie, talks us through IR35 liability and the pros and cons of limited company contracts

Smart Bookkeeping Tips for Small Businesses

Smart Bookkeeping Tips for Small Businesses

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Smart Bookkeeping Tips for Small Businesses

If you run a small business, keeping on top of your accounting and financial transactions is vital. Here are five tips to improve your bookkeeping

How to Donate to Charity as a Limited Company

How to Donate to Charity as a Limited Company

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How to Donate to Charity as a Limited Company

Donating to charity through your limited company can have many benefits, such as lowering your corporation tax bill. Here are the main points to be aware of when donating

Claiming Tax Relief with Salary Sacrifice Pensions

Claiming Tax Relief with Salary Sacrifice Pensions

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Claiming Tax Relief with Salary Sacrifice Pensions

Salary sacrifice is a tax-efficient way to boost your employees’ pensions. James Alesbury of HWB Chartered Accountants talks us through the details

A Guide to Claiming Limited Company Expenses

A Guide to Claiming Limited Company Expenses

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A Guide to Claiming Limited Company Expenses

Operating your small business as a limited company comes with a host of financial benefits, incentivised schemes and tax relief. Here's a look at the expenses you could be claiming

Streamlining Financial Processes for Growth

Streamlining Financial Processes for Growth

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Streamlining Financial Processes for Growth

Neil Robertson of Compleat Software shares his thoughts on how streamlining financial processes can facilitate sustainable business growth

The SME Guide to Better Records Management

The SME Guide to Better Records Management

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The SME Guide to Better Records Management

Paul Ravey of Access Records Management shares tips on how businesses can refine their records management practices

A Complete Guide to Making Tax Digital

A Complete Guide to Making Tax Digital

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A Complete Guide to Making Tax Digital

We share a complete rundown of everything you need to know about the Making Tax Digital scheme, including a useful visual guide to help prepare your business for the deadline

A Guide to UK Business Rates

A Guide to UK Business Rates

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A Guide to UK Business Rates

Here's everything you need to know about paying business rates bills in the UK, including how business rates are calculated, exemptions, and small business rates relief

Is Vehicle Leasing the Right Option for Your SME?

Is Vehicle Leasing the Right Option for Your SME?

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Is Vehicle Leasing the Right Option for Your SME?

To buy or to lease? Many SMEs struggle to weigh the pros and cons of leasing a fleet of vehicles versus purchasing outright. Tom Preston talks us through the key points to consider

How to Improve Your Company Credit Score

How to Improve Your Company Credit Score

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How to Improve Your Company Credit Score

Credit scores are one of the most telling reflections of your business' financial health. We look at how to improve your credit score and the influence it can have on finance applications

A Guide to Director Redundancy

A Guide to Director Redundancy

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A Guide to Director Redundancy

Closing down a business can be a complicated process, with directors often overlooking the fact that they are eligible for redundancy pay. Gary Addison talks us through the small print

How SMEs Can Overcome Financial Restraint

How SMEs Can Overcome Financial Restraint

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How SMEs Can Overcome Financial Restraint

Real Business Rescue’s Keith Tully explores some of the most common financial issues you might have to deal with as a business owner and how to overcome them

Small Business Online Accounting Software

Small Business Online Accounting Software

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Small Business Online Accounting Software

Finding the perfect online accounting software for your business can be tricky with so many providers available to choose from. Here's our guide.

Choosing the Right Accountant for Your SME

Choosing the Right Accountant for Your SME

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Choosing the Right Accountant for Your SME

With budgets tight, many entrepreneurs choose to handle their accounts on their own. However, the benefits of an accountant can far outweigh the cost.

Carillion Collapse: What Can Businesses Learn?

Carillion Collapse: What Can Businesses Learn?

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Carillion Collapse: What Can Businesses Learn?

The insolvency of Carillion will have far-reaching implications for its employees and contractors. But what lessons has it taught other businesses?