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 – disorganized 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 abd PAYE, to accountancy software and budgeting?

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

Making Tax Digital: Common Misconceptions

Making Tax Digital: Common Misconceptions

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Making Tax Digital: Common Misconceptions

Tony Mills, tax expert and Director of Online Tax Rebates, dispels some of the most common myths about Making Tax Digital

A Guide to Business Rates

A Guide to Business Rates

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A Guide to 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

Brexit Uncertainty: Preparing Your Business

Brexit Uncertainty: Preparing Your Business

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Brexit Uncertainty: Preparing Your Business

With uncertainty around Brexit dominating headlines, here's how to keep your business prepared in the face of the unexpected

Financial New Year’s Resolutions for SME Owners

Financial New Year’s Resolutions for SME Owners

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Financial New Year’s Resolutions for SME Owners

The new year is the perfect time to regroup and revisit your company's financial practices. Here are four resolutions to keep your business in the green this year

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.

How SMEs can use Tech to Tackle Late Payments

How SMEs can use Tech to Tackle Late Payments

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How SMEs can use Tech to Tackle Late Payments

Late payment of commercial debt continues to plague many businesses. ​Here's how small business owners can encourage prompt payment

The Small Business Guide to Tax

The Small Business Guide to Tax

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The Small Business Guide to Tax

Understanding tax law can be tricky, whether you're a sole trader or a limited company. In this guide for small businesses, we cover all you need to know

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?

R&D Tax Credits: a Guide for Small Businesses

R&D Tax Credits: a Guide for Small Businesses

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R&D Tax Credits: a Guide for Small Businesses

What are R&D tax credits, and how can your company claim them? We answer these questions, and more, in this definitive guide to R&D tax relief

A Simple Guide to Accessing Your VAT Returns

A Simple Guide to Accessing Your VAT Returns

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A 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

Excel Tips for Business

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Excel Tips for Business

Microsoft Excel is the world's most important piece of business software. Business owners won't need an accountant with these handy little spreadsheet hacks

Financial Projections: Why They Matter to Investors

Financial Projections: Why They Matter to Investors

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Financial Projections: Why They Matter to Investors

Many entrepreneurs have a brilliant business idea, but fail to back it up with solid financial projections. Why can this ruin their chances of investment?

The Difference Between Gross Profit and Net Profit

The Difference Between Gross Profit and Net Profit

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The 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 Page explains how to calculate both for your income statement

What’s an SME?

What’s an SME?

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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