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?
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 Startup Start Making a Profit?
— Read More — When Will Your Startup Start Making a Profit?When Will Your Startup 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?
Tax Payments and Closing a Company - Quick Tips
— Read More — Tax Payments and Closing a Company - Quick TipsTax Payments and Closing a Company - Quick Tips
Even when winding down a business, there are taxes you are still expected to pay. Get our top tips on handling taxes and HMRC when you're closing a company
Tangible Fixed Assets vs Intangible Assets
— Read More — Tangible Fixed Assets vs Intangible AssetsTangible Fixed Assets vs Intangible Assets
Read our quick introductory guide to the differences between tangible fixed assets and intangible assets, and how this affects filing your annual accounts
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