All posts in Accounting

When starting up your own business, the alternative to setting up a limited company is to register as a sole trader or become a member of a partnership. If you decide to trade as a sole trader then you will be classed as ‘self-employed”. The following guide advises how to register as a sole trader […]

Keep reading

Tips on managing invoicing for your small business Your newly formed business may have a fantastic product and high-value customers, however if your clients don’t pay for your product and services then your business could soon fail. Managing your invoicing is therefore a crucial part of running your business. To benefit your cashflow you must […]

Keep reading

Choosing an accountant for your small business Knowing how to choose the right accountant for you and your small business is crucial. An accountant can act almost as a business partner, a trusted peer who can provide guidance, especially in understanding complicated taxes and processes. For your business to grow, you will need a good […]

Keep reading

Do you need a dedicated business bank account? Once you’ve set up a new business, it is important that you have established banking facilities before you commence trading. The question is, can you use your personal bank account or are you required to create a small business bank account? The answer wholly depends on the […]

Keep reading

How you can stay on top of your business finances One of the biggest stresses for small business owners is maintaining control over their finances. This is because financial security will determine the success and future of the business. Small business owners face many challenges ranging from building and sustaining a customer base to managing […]

Keep reading

The Basics of Limited Company Tax As a new business owner of a limited company, understanding Limited Company Tax plus any tax obligations is critical to your daily operations. When setting up your limited company you will encounter various types of tax, however don’t let dealing with these deter you. Owning your own company can […]

Keep reading

How to stay on top of your business finances One of the biggest headaches that many business owners come across is managing to keep on top of their finances. Business owners can find it extremely stressful managing the company finances, as their financial position, really can be the making or breaking point for many small […]

Keep reading

Limited companies – what is share capital? So, what is shared capital within a limited company? Well, the easiest way to explain it is that it is the amount of money that is invested by the business owners which are exchanged for shares of ownership, typically the Company Directors will be shareholders in their business. […]

Keep reading

Another self assessment year finished on 31 January (final online submission date for the 2016/17 tax year) and HMRC has released its figures. 11,433,349 tax returns were due to be filed by midnight on 31 January and 10,637,761 (93.0%) were filed in time. There are around 745,588 self assessment tax returns still outstanding and if […]

Keep reading

Scottish Budget 2017 Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish Government’s financial and tax plans. The announcement had been timed to take place after Chancellor of the Exchequer Philip Hammond delivered the UK Budget on 22 November 2017 in order to avoid ‘fiscal […]

Keep reading
1234Next