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?
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.
Can You Actually Save Money on Business Tax?
— Read More — Can You Actually Save Money on Business Tax?Can You Actually Save Money on Business Tax?
Tax in the UK is decided by the type of goods or services you’re providing, not the type of company that runs it, so can you use this to your advantage?
Three FAQ's on Payroll and Tax
— Read More — Three FAQ's on Payroll and TaxThree FAQ's on Payroll and Tax
We take three of your pressing questions and get our team of small business experts at Fleximize to answer.
How to Begin Business Debt Consolidation
— Read More — How to Begin Business Debt ConsolidationHow to Begin Business Debt Consolidation
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 Basics of an M&A Deal
— Read More — The Basics of an M&A DealM&A Deals involve the buying, selling, splitting up or coming together of companies, and can prove to be lucrative or disastrous to all involved.
Getting to Grips With IR35 - Quick Tips
— Read More — Getting to Grips With IR35 - Quick TipsGetting to Grips With IR35 - Quick Tips
IR35 is used by HMRC to stop companies using intermediaries to avoid paying the correct tax and National Insurance.
7 Business Tax Basics
— Read More — 7 Business Tax Basics7 frequently asked questions (FAQs) on business tax, covering the basics of setting yourself as a new business, and staying on the right side of the law.
Selling Products Globally
— Read More — Selling Products GloballyAre you aware that by selling goods to consumers in Europe – you are governed by the EU distance selling rules for VAT? What are these rules?
How to Draft an Invoice
— Read More — How to Draft an InvoiceWhen drafting your first invoice, there are a few essential details you must include so you get paid properly. Read our guide to how to draft an invoice
Dealing with HMRC for a Client
— Read More — Dealing with HMRC for a ClientDealing with HMRC for a Client
If you're going to be dealing with HMRC on behalf of one of your clients, you need to obtain client authorisation. Here's how.
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
Find out all you need to know about registering for VAT, including handy tools for easy bookkeeping and Making Tax Digital
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.
Separating Personal and Business Finances
— Read More — Separating Personal and Business FinancesSeparating Personal and Business Finances
Keeping personal and business finances separate is essential - or you may end up in trouble with the tax man (or woman).
Busting Myths about Insolvency Practitioners
— Read More — Busting Myths about Insolvency PractitionersBusting Myths about Insolvency Practitioners
Learn how insolvency practitioners help businesses and individuals manage debt, avoid bankruptcy, and find financial solutions.
Business Debt and Insolvency, and Tax
— Read More — Business Debt and Insolvency, and TaxBusiness Debt and Insolvency, and Tax
There are agreements you can sort with HMRC in the event of insolvency, debt, or unpaid invoices. We review some of these options including bad debt relief
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
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