Advice - Concept Accountancy

Mar 03

What are abridged accounts?

By Mark Advice

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…

Feb 25

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What you need to know about payroll

By Mark Advice

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…

Feb 18

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Are you ready for the construction VAT reverse charge?

By Mark Advice, News

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…

Jan 20

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The importance of management accounts

By Mark Advice

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…

Jan 12

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What is gross and net profit?

By Mark Advice

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…

Jan 05

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Warning over Capital Gains Tax Change on house sales

By Mark Advice

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…

Sep 24

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What is invoice factoring for businesses?

By Mark Advice

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…

Sep 24

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Annual accounts: What you need to know

By Mark Advice

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…

Sep 24

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What is a balance sheet?

By Mark Advice

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…

Sep 24

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Why we’ve chosen to recommend Xero

By Mark Advice, Xero

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…

Advice114

What are abridged accounts?

What you need to know about payroll

Are you ready for the construction VAT reverse charge?

The importance of management accounts

What is gross and net profit?

Warning over Capital Gains Tax Change on house sales

What is invoice factoring for businesses?

Annual accounts: What you need to know

What is a balance sheet?

Why we’ve chosen to recommend Xero

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