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?
A Simple Guide to Accessing Your VAT Returns
— Read More — A Simple Guide to Accessing Your VAT ReturnsA Simple Guide to Accessing Your VAT Returns
When you apply for a business loan or other type of business funding, a lender might ask to see your VAT returns. Here's how you can access them online
Excel Tips for Business
— Read More — Excel Tips for BusinessMicrosoft Excel is the world's most important piece of business software. Business owners won't need an accountant with these handy little spreadsheet hacks
The Difference Between Gross Profit and Net Profit
— Read More — The Difference Between Gross Profit and Net ProfitThe Difference Between Gross Profit and Net Profit
Entrepreneurs often forget the difference between gross and net profit when filing their accounts or pitching for investment. Elizabeth Tansley explains how to calculate both for your income statement
What’s an SME?
— Read More — What’s an SME?The definition of an SME can vary – we give you the micro, small and medium enterprise business criteria from HMRC, the EU, Companies House and others
How to Declare or File for Bankruptcy in the UK (Step-by-Step)
— Read More — How to Declare or File for Bankruptcy in the UK (Step-by-Step)How to Declare or File for Bankruptcy in the UK (Step-by-Step)
Filing for bankruptcy? Learn what it involves, how long it lasts, what happens to your assets, and what options you may have before taking this step.
How to Conquer Your Debt
— Read More — How to Conquer Your DebtDebt can be overwhelming, but there are steps you can take to get back on track. Read our guide to setting up a debt management plan and other alternatives
What’s an Individual Voluntary Arrangement?
— Read More — What’s an Individual Voluntary Arrangement?What’s an Individual Voluntary Arrangement?
We explain the steps to finding an insolvency practitioner who'll help you get an Individual Voluntary Arrangement.
What's a Creditors' Voluntary Arrangement?
— Read More — What's a Creditors' Voluntary Arrangement?What's a Creditors' Voluntary Arrangement?
We dive into Creditors’ Voluntary Arrangements and the steps you need to take.
Registering Your Business as a Limited Company
— Read More — Registering Your Business as a Limited CompanyRegistering Your Business as a Limited Company
Being a sole trader may offer you the business structure you want, but it doesn’t give you the protection a limited company gives you.
5 Useful VAT Schemes for SMEs
— Read More — 5 Useful VAT Schemes for SMEsWe all like to save a bit of money here and there. It's especially important for small businesses. Here are our top 5 VAT schemes to save you a few pounds..
Declaring Your Second Income
— Read More — Declaring Your Second IncomeIf you're lucky enough to have a second income, not declaring it could land you in a whole heap of trouble with HMRC, so here's how to declare it.
Leaving Your Family Business
— Read More — Leaving Your Family BusinessLeaving your family business is always hard, after all you don't want to upset family members. Here's everything you need to know.
Business Debt Consolidation Loans: How to Consolidate & Your Options
— Read More — Business Debt Consolidation Loans: How to Consolidate & Your OptionsBusiness Debt Consolidation Loans: How to Consolidate & Your Options
If your business is struggling financially, debt consolidation is an effective first step towards getting things back on track. Here's how you can start.
The Best Cloud Accounting Software for SMEs
— Read More — The Best Cloud Accounting Software for SMEsThe Best Cloud Accounting Software for SMEs
We've picked our favourite cloud accounting software that's currently available for small businesses.
How to Forecast Your Annual Profits
— Read More — How to Forecast Your Annual ProfitsHow to Forecast Your Annual Profits
Knowing how to forecast your profits is essential to small business. We share the basics of putting together an annual forecast.
Accountants: Outsourcing vs In-house
— Read More — Accountants: Outsourcing vs In-houseAccountants: Outsourcing vs In-house
Looking for an accountant, but unsure whether to outsource or go in-house? We weigh up the pros and cons of both, and evaluate cloud solutions such as Xero
Registering and Unregistering for VAT
— Read More — Registering and Unregistering for VATRegistering and Unregistering for VAT
A clear guide to UK VAT registration, deregistration, and re‑registration. Understand thresholds, the VAT 7 form, and key steps to stay compliant.
Steps to Business Insolvency
— Read More — Steps to Business InsolvencyWhen your business goes beyond the brink, it can lead to insolvency. But just what is insolvency? Hint: It's got nothing to do with Bankruptcy.
How to Transfer Your Business Assets
— Read More — How to Transfer Your Business AssetsHow to Transfer Your Business Assets
We take a look at how to transfer business assets, and the reasons why you need to ensure you seek professional guidance when doing so
Appealing a VAT Penalty
— Read More — Appealing a VAT PenaltyAppealing against a VAT penalty from HMRC means following the guidelines relating to an indirect tax appeal. This article outlines the appeals process.
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