Accountancy software like Xero is a game-changer for many businesses. Helping business owners keep track of daily finances means that you may feel you can do without an accountant. But…
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Deferred VAT payments from 2020 can now be paid in instalments to clear the debt thanks to a new government portal. Businesses could defer the VAT they owed between 20…
When submitting your financial details to Companies House, it’s possible you may want to submit ‘abridged accounts’. These accounts reveal fewer disclosures – meaning you can withhold potentially sensitive and confidential…
Paying employees is important, so you must have your payroll in order. There’s more to payroll than working out who gets paid and how much. Crucial tax information and legal…
After several delays, the Construction Industry Scheme (CIS) VAT reverse charges will be applied from March 1. The measure was due to start in October 2019, but Brexit and Covid-19…
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…
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…
