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Tax Saving Accountants

A Beginner’s Guide to Preparing Annual Accounts

Setting up a small business can be a tremendously rewarding and satisfying experience, but it isn’t without its challenges. As a business owner, you’ll have to wear all kinds of different hats: not only will you be the company’s director, but you’ll also have to deal with things like statutory accounts. Completed annually, statutory accounts […]

payroll services
Tax Saving Accountants

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 […]

sole trader taxes
Tax Saving Accountants

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 […]

How to Organise Business Receipts for Financial Clarity
Tax Saving Accountants

How to Organise Business Receipts for Financial Clarity

In the dynamic world of business, one often overlooked aspect is the art of receipt retention. For the self-employed, sole traders, and finance managers alike, maintaining a well-organised record of business receipts is not just a matter of compliance, but a key ingredient for financial success. In this guide, we’ll explore the optimal duration for […]

Financial Consultancy For Risk Management
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Financial Consultancy For Risk Management

Financial consultancy for risk management is a service that helps businesses identify, assess, and mitigate financial risks. Financial consultants can help businesses develop and implement risk management strategies, policies, and procedures. They can also provide training and support to staff on risk management best practices. This practice is important for businesses of all sizes, but […]

Image of financial manager reviewing accounts
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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 […]

Streamlining the Annual Accounts Preparation Process
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Streamlining the Annual Accounts Preparation Process

As a small business owner or sole trader, you know that there are a lot of administrative tasks that need to be taken care of on a regular basis. One of the most time-consuming and daunting tasks is account prep. What are annual accounts? Annual account preparation includes a set of financial statements that provide […]

Financial Planning for Small Businesses: Setting Goals for the Second Half of the Year
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Financial Planning for Small Businesses: Setting Goals for the Second Half of the Year

As we roll into the second half of the year, business owners are right in the throes of the business annum. However, it’s also the perfect point to review your financial performance so far so you make any necessary adjustments to achieve year-end objectives and stick the landing come Christmas. As a small business owner, […]

Confused business owner looking at a credit card
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UK Tax Codes: Explained

As a sole trader in the UK, understanding the country’s tax system is essential for running a successful business. As a growing business, sorting and organising tax codes for your employees’ wage slips is no small feat. Through the PAYE (Pay As You Earn) system, businesses handle paying any income tax owed by their employees […]

Petty Cash for Small Businesses
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Why Petty Cash is Essential for Managing Small Business Expenses

When it comes to small business and sole trader bookkeeping, budgets can be tight and even small expenses can be a big blow to financial stability. This is why many businesses choose to have a petty cash system in the event of a surprise small expense. But what exactly is petty cash and how do […]

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