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- Tax Saving Accountants
- 15 Apr 24
A Quick Guide to Sole Trader Bookkeeping
So, you’re starting out as a sole trader. Exciting times. There’s a lot to think about when you go it alone and set up your own business, but among your top priorities should be bookkeeping. Why? Well, bookkeeping is an essential part of running a business. In a nutshell, it involves recording financial transactions that […]
- Tax Saving Accountants
- 19 Jan 24
How to Run Payroll Services For a Small UK Business
There are a number of key milestones that every successful business will experience. Making the first sale, for instance. Securing a lucrative contract with an established business. Making a profit for the first time. And, of course, hiring the first member of staff. Building a team is undoubtedly one of the most exciting and rewarding […]
- Tax Saving Accountants
- 21 Dec 23
Tax Calendar 101: Stay Ahead of the Game with Key Dates for Sole Traders
Going self-employed is a major milestone in anyone’s career, and there’s a whole lot to think about before you make the leap. Aside from setting up and running the business itself, you’ll have an array of other responsibilities to consider… responsibilities like paying your taxes on time. Whether you plan to hire an accountant or […]
- bravecreative
- 22 Sep 23
The Art Of Bookkeeping And Financial Records Support For Thriving Businesses
What is Bookkeeping? Bookkeeping is the process of recording and summarising financial transactions. It is an essential part of running any business, as it provides a way to track income and expenses, manage cash flow, and make informed financial decisions. Good bookkeeping can help businesses to: Stay on top of their finances Identify areas where […]
- bravecreative
- 26 Sep 22
What Is the Best Pay Frequency For Your Business?
For businesses, payday is one of the most important days of the month. It’s the time when your employees frantically refresh their banking app to check if their wages have gone through, making for a collective feel-good moment across your business. However, different businesses handle payroll with different schedules to benefit their business. They consider […]
- bravecreative
- 15 Aug 22
The Importance of Sustaining Business Credit Control
For sole traders and small businesses, one of the most critical yet asinine tasks they are faced with is collecting unpaid invoices. You may find yourself offering credit to clients to get a sale over the line, but the hassle of chasing up unpaid invoices may leave you considering if all that is worth the […]
- bravecreative
- 1 Jul 22
Why Bookkeeping Is Integral to Your Growing Business
The most gratifying thing as a business owner is seeing your company, your pride and joy, attracting more customers and generating more profit. Perhaps you’ve been in a rut lately or have been keeping stable but with little growth, but that is where a small business accountant near you can help. Look around at financial […]
- Tax Saving Accountants
- 8 Nov 21
What’s the Difference Between Budgeting and Financial Forecasting?
Budgeting and financial forecasting often come hand in hand when it comes to the financial management, development and direction of a business. Although they are both similar processes, they do have some key differences. These financial tools allow businesses to plan for growth and it’s vital for your accounting team to have a solid understanding […]
- Tax Saving Accountants
- 4 Jun 21
Preparing VAT Returns – how can an accountant help?
If you have just started up your own business, it may be worth deciding whether you need to be VAT registered from the outset or not. This may sound daunting to a new business owner but having this arranged from early on may help you later on down the line should it become obligatory for […]
- Tax Saving Accountants
- 30 Oct 20
Postponed Accounting For Businesses Post-Brexit
What Is Postponed Accounting? Following on from the Brexit deal, the current law regarding VAT on imported goods is going to be changing from January 2021. However, postponed accounting has been reintroduced to help businesses with this change. Postponed accounting post-Brexit will mean that any VAT registered business will not have to pay VAT on […]