Management accounts usually include profit and loss information, balance sheet, cash flow statement and a short report. You can put the accounts together yourself, but most businesses use accountants to…
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CONCEPT BLOG
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Business is all about profit, and the goal of any business owner is to make money. However, there are different types of profit and understanding the difference will help you…
Capital Gains Tax (CGT) rules for house sales changed last April. Developers, landlords and those selling second homes need to be aware or they will face penalties. Anyone selling a…
Invoice factoring (known as factoring or debt factoring) is a financial product. Factoring enables businesses to sell unpaid invoices (accounts receivable) to a third-party factoring company (a factor). The factoring…
If you’re a company director, you have a responsibility to file your company’s annual accounts. It might sound daunting at first, but all limited companies in Britain are going through…
When it comes to accounting, few things are more crucial than the balance sheet. This snapshot shows the money you have, where it’s kept and your net worth. The balance…
The way businesses file tax returns is changing and you will need accounting software. While there is a lot of software to choose from, we believe Xero offers the best…
The government’s Making Tax Digital (MTD) initiative sees taxpayers move to a fully digital system in the next three years. Most things are being done via the internet these days,…
It’s about three months to the day that many business owners dread – self-assessment payment deadline! As well as getting the tax return submitted on time, you have to pay…
