limited company

When you decide to form a limited company you are creating a separate legal entity with its own legal framework and accountabilities. Any profits or losses incurred belong to the company. So, when you’re managing the company you need to …

Limited company director’s responsibilities: What you need to know… Read more »

cloud accounting

Excellent book-keeping and accountancy have always been a constant when it comes to the fundamentals of running a successful small business, yet it’s cloud-based accounting that has revealed its true value during the past year or so. Over the months, …

The Benefits of Cloud Accounting in Post-pandemic Business Life… Read more »

The fourth SEISS grant - have you claimed?

The fourth SEISS grant is available to individuals who began self-employment in the 2019/20 tax year, which began on 6th April 2019, as well as those who have previously claimed. Individuals who are eligible will be able to claim the …

The fourth SEISS grant – have you claimed? Read more »

small business survival guide

As a business owner you know that running a company isn’t always a walk in the park! Being your own boss comes with a lot of “ups” but it also can throw up its fair share of “downs”, these can …

Small business survival guide – techniques that could provide a lifeline in tough times… Read more »

new tax year

The new tax year will start on 6th April 2021. Tax years are normally referred to by the two years that they span over, so the new tax year will be “2021/22” and when you’re running your own business, the …

Spring into action for the new tax year… Read more »

How long do I need to keep business invoices?

“How long do I need to keep business invoices?” This is a question that new sole traders and company directors often ask. Before we answer that question, we think it is probably more important to clarify just what invoices you …

“How long do I need to keep business invoices?” Read more »

tax returns

If you are wondering “What happens if you submit and pay your tax return late?”, we’ve detailed all the information you need here… What happens if you’re late filing your income tax return? If you miss the due date to …

Late income tax returns, errors and mistakes – what will they cost you? Read more »

accounting top tips

The life of a business owner is filled with ups and downs, and while this year may have seemed to have quite a few downs, there’s still time to round of these twelve months on an upward trajectory with our …

Accounting top tips for small business owners to end 2020 in good shape. Read more »

furlough

HMRC has published new guidance which explains what steps it will take to recover furlough payments that have been wrongly claimed. HMRC accepts that ‘mistakes happen’ and says that it isn’t looking for ‘innocent errors’. Instead, it is going to …

Think you might have overclaimed on Furlough Scheme? What to do next… Read more »