What Financial Records Do I Need to Keep as a Business?

What Financial Records Do I Need to Keep as a Business?

As a sole trader business, getting to know the ropes of financial accounting means knowing what to keep and for how long. In the UK, HMRC can request to see any record that you’ve reported to them, and thus you have to be able to provide sufficient evidence of a transaction. Else, there could be […]

business accountants can assist with tax, payroll and bookkeeping services
Tax Saving Accountants

A Day In The Life Of A Business Accountant

Whether you’re looking to join the world of accounting or you’re looking for a new accountant to help you with your business finances, it is certainly worth knowing what happens in the life of an accountant before you make your decision. Many assume that the day of a business accountant is sitting at a desk […]

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Tax Saving Accountants

Should Accountants Be Proactive?

In today’s world, most businesses do reactive accounting. This means that they produce a set of accounts and financial records only when they are legally required to do so. At times such as year-end (those two little words that make your blood run a little colder), you can be so busy dealing with the day-to-day […]

Tax Saving Accountants

Our Top Tips For Start-Up Businesses During Lockdown

You might have had a vision of having your start-up business up and running by now, but as the third Coronavirus lockdown is now in full swing, you probably feel like the process has been put on hold. However, you shouldn’t let the lockdown affect your business vision and goals. In fact, now could be […]

Tax Saving Accountants

What The Furlough Extension Means For Businesses

You might have read our recent article about how to prepare your business for the end of furlough, but a lot has changed since then. Following the government’s recent decision to enforce another Coronavirus lockdown, there is now a plan to extend the Coronavirus Job Retention Scheme from the start of December until 31st March […]

Tax Saving Accountants

The Coronavirus Business Interruption Loan Scheme For SMEs

As Covid-19 has become known as one of the world’s most renowned viruses since the Ebola outbreak in 2013, it wasn’t long until the widespread disease became known as a global pandemic. Announced by Boris Johnson on Monday 23rd March, the government has imposed strict new measures in order to tackle Coronavirus. Boris Johnson stated […]

Tax Saving Accountants

Greener Future: Company EV Tax Exempt In 2020/21

As we enter a new decade, it is becoming more and more evident that we are in an environmental crisis. This justifies the sales of electric vehicles which rose by 144% in 2019, followed by a major decline in the popularity of diesel-fueled cars. This has triggered the government to cut down on their attempt […]

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Tax Saving Accountants

The Future of Accountancy in the Digital Age

Manual bookkeeping, human data entry, tax preparation processes, hours of paperwork… procedures that belong to a traditional understanding of Accountancy tasks that are approaching a swift finale.   The long hours spent chasing and collating clients’ financial figures, information gathering and filing, and a paper chase with HMRC, pose the systems that belong to ‘yesteryear’. […]

Tax Saving Accountants

Why Is Having An Accountant So Important For SME’s?

Every month, over 200,000 small business open in the UK. Which means the need for an accountant is growing in demand at a similar rate. When opening a new business, it can be very stressful and busy; however, when it comes to looking after your business accounts, it is not something that can be pushed […]

Tax Saving Accountants

Self-Employed Tax Cut Dismissed by the Government

There was hope for the 2.7 million self-employed workers when plans were put in place to remove Class 2 National Insurance Contributions by April 2018. After already being delayed by a year, this September the government have announced this will no longer be happening. This action was expected to save millions of self-employed workers around […]

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