When it comes to claiming business-related costs, understanding which travel expenses HMRC allows can save you time, stress, and money. In this guide, we break down what counts, what doesn’t, and how to handle claims correctly. Understanding Travel Expenses Travel...
Understanding VAT for UK businesses is essential if you're trading goods or services. From what counts as a taxable supply to when you need to register, VAT can seem like a maze, but it doesn’t have to be. In this guide, we’ll break down the types of VAT, the...
If you landed on this page, I’m assuming you’re struggling to pay your taxes on time. But, don’t worry - you’re in the right place. This blog aims to give you the steps you need to take if you can’t pay your tax bill, and to give you some peace of mind. So, read on....
Cash flow forecasting might sound like a big deal, but it is really not. It is just about making sure you know how much money is coming in and going out of your business. If you get it right, you can avoid running out of money and be ready for anything. So, that’s...
Managing cash flow is vital for running a successful business. I can testify to this personally as well as from my 30+ years of experience helping clients manage theirs. No matter what kind of business you have, a steady cash flow ensures your business stays...
Small businesses can often struggle to make ends meet if they don’t have a good billing process in place. That’s why, in this blog, we’ll focus on the 5 common billing mistakes that can hurt your financial health and how to avoid them. The general topic of this blog...
Dividends are one of the most efficient ways for company owners to take profits from their business. However, there’s more to paying dividends than just transferring money. If you’re a director of a limited company, it’s your responsibility to be in the know about...
Dividends are a popular way for company owners to take profits from their business, but they need to follow the proper rules.If you’re a director and shareholder of a limited company, dividends might already be part of how you pay yourself. However, you need to...
Running a business in the UK - we know it comes with its fair share of tax responsibilities. And VAT is often one of the most confusing areas, especially reverse charging VAT. It's something every business owner, freelancer, or entrepreneur needs to understand....
Running a limited company in the UK can open up exciting opportunities. But it also comes with its fair share of responsibilities, particularly when it comes to taxes. For many business owners, the thought of dealing with tax obligations can feel overwhelming or even...
When you decide to run your own business as a sole trader in the UK, understanding how sole trader taxes work is a key part of your entrepreneurial journey. Whether you’re just starting out or have been trading for a while, knowing the basics of tax treatment can save...
When you embark on the journey of entrepreneurship, one of the most pivotal decisions you will face is the choice of business structure. Registering as a sole trader vs limited company - this is where you’ll need to weigh your options and choose. Naturally, it will...
When it comes to growing your business, success isn’t just about strategy, tools, or talent. Often, what keeps businesses stuck are the bad business habits that seem harmless but can actually hold you back from reaching your full potential. These aren’t just minor bad...
If you’re running a dormant company, or thinking about making your business dormant, there are some key things you need to understand. Dormancy is a status for companies that aren’t actively trading. While it might seem like a low-maintenance option, there are still...
Shareholders and directors both play crucial roles in a company, but they have distinct responsibilities and powers. Understanding these differences is key to managing a business successfully. The differences between shareholders and directors Think of shareholders as...
Being a limited company director means making smart decisions for your business - but doing it in a way that benefits the company as a whole. It’s important to understand your responsibilities in order to avoid any legal or financial pitfalls in the future. As a...
If you are still keeping track of your business finances with spreadsheets, data entry, or any other outdated software, this could be the best time to finally move to cloud accounting. More and more businesses are making this switch, and that is simply because cloud...
Managing finances can be one of the most challenging aspects of running a business. Keeping track of invoices, expenses, payroll, and taxes can quickly become overwhelming. Cloud accounting has changed the way companies handle their finances, but a lot of businesses...
Do you still use old-fashioned ways to handle your business’s money, like writing things down or using outdated software? Keeping track of invoices, entering numbers by hand, and fixing mistakes can feel like you're always doing extra work. That's why the topic of...
When building a business, most people focus on the right strategies, financial planning, market conditions, or even having a strong network. But in business, success starts with believing in yourself. This is because you’re more likely to overcome challenges, take...
When it comes to achieving high efficiency and reducing costs in business, the principle of economies of scale is what we need to understand, and then plan for it. This concept applies to all sorts of businesses - be they sole traders, LLCs or not-for-profits. It also...
When it comes to running a successful business, it’s easy to get caught up in sales numbers and gross profit. But here’s the truth: those sales numbers might be hiding a bigger issue, one that could slowly drain your business dry. Operating profit is giving you a...
When it comes to estate planning, inheritance tax is one of the biggest concerns many families face. It's the kind of tax that can sneak up on you and take a large part of what you've spent years building. The idea that your loved ones could lose part of their...
.Inheritance tax is one of those things most of us would rather not think about, until we realise how much of an impact it can have on the wealth we’ve worked so hard to build. It’s a tax that can take a big chunk out of the money and assets you want to pass on. But...