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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?

Declaring Your Second Income

Declaring Your Second Income

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Declaring Your Second Income

If 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

Leaving Your Family Business

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Leaving Your Family Business

Leaving 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?

Can You Actually Save Money on Business Tax?

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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

Three FAQ's on Payroll and Tax

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Three 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

How to Begin Business Debt Consolidation

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How 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

The Basics of an M&A Deal

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The Basics of an M&A Deal

M&A Deals involve the buying, selling, splitting up or coming together of companies, and can prove to be lucrative or disastrous to all involved.

Ask Fleximize: Money Issues

Ask Fleximize: Money Issues

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Ask Fleximize: Money Issues

All your questions answered by the experts at Fleximize: These are real money issues facing real small business owners.

Getting to Grips With IR35 - Quick Tips

Getting to Grips With IR35 - Quick Tips

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Getting 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

7 Business Tax Basics

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7 Business Tax Basics

7 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

Selling Products Globally

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Selling Products Globally

Are 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

How to Draft an Invoice

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How to Draft an Invoice

When 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

Introduction to VAT

Introduction to VAT

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Introduction to VAT

Confused about VAT? Unsure how it's calculated, or what it applies to? These are just some of the questions we cover in our beginner's introduction to VAT

Dealing with HMRC for a Client

Dealing with HMRC for a Client

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Dealing 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

The Best Cloud Accounting Software for SMEs

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The 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

How to Forecast Your Annual Profits

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How 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

Accountants: Outsourcing vs In-house

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Accountants: 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

Registering and Unregistering for VAT

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Registering 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

Steps to Business Insolvency

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Steps to Business Insolvency

When 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.

Introduction to Not-For-Profits

Introduction to Not-For-Profits

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Introduction to Not-For-Profits

Top tips for starting and operating a not-for profit organisation, and turning a profit-making business into a not-for-profit

Separating Personal and Business Finances

Separating Personal and Business Finances

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Separating 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).