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?
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.
Introduction to Not-For-Profits
— Read More — Introduction to Not-For-ProfitsIntroduction 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
— 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 Administrators (or Insolvency Practitioners)
— Read More — Busting Myths About Administrators (or Insolvency Practitioners)Busting Myths About Administrators (or Insolvency Practitioners)
Putting right the myth that administrators are the bad buys. Read how they always try to salvage your business, not destroy.
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
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.
Claiming Startup Expenses
— Read More — Claiming Startup ExpensesGot your startup up and running? Did you know that there are ways that you can reclaim the expenses of starting your business? Here's how...
HMRC Penalties for Self-Employed Workers
— Read More — HMRC Penalties for Self-Employed WorkersHMRC Penalties for Self-Employed Workers
Tax rules on using self-employed workers have been tightened. Make sure you understand who's responsible for tax and NI if you have self-employed workers
Here’s What to do When You’re Not Making a Profit
— Read More — Here’s What to do When You’re Not Making a ProfitHere’s What to do When You’re Not Making a Profit
Don't panic if you stop making a profit. It happens to every business at some point, and by following these simple steps you can quickly turn things around
When Will Your Start-up Start Making a Profit?
— Read More — When Will Your Start-up Start Making a Profit?When Will Your Start-up Start Making a Profit?
It can take years to be profitable, but it doesn't mean you're a failure. Looking for positive signs and planning certainly helps.
Are Pay Slips Compulsory?
— Read More — Are Pay Slips Compulsory?It's Pay Day, so where do you stand legally on your current processes? By not providing a pay slip are you breaking the law? Here are the facts...
Mastering the Basics of Financial Management
— Read More — Mastering the Basics of Financial ManagementMastering the Basics of Financial Management
There isn't one route to mastering financial management, so we share a few different avenues for expanding your financial know-how including online courses
The Basics of PAYE
— Read More — The Basics of PAYEPAYE is compulsory for most UK businesses, so it's vital for employers to get it right. We cover the basics of PAYE, including who needs to use it and how
How to Treat Customer Discounts in Your Bookkeeping
— Read More — How to Treat Customer Discounts in Your BookkeepingHow to Treat Customer Discounts in Your Bookkeeping
Whether you're offering discounts to get rid of stock, attract new customers or launch a reward scheme, make sure you record the figures accurately.
Employee Salaries: Standard Rates
— Read More — Employee Salaries: Standard RatesEmployee Salaries: Standard Rates
Salaries are such an important factor in keeping your employees motivated. But just how should you work out what to pay your staff?
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