Importance of Good Credit Control for Small Businesses
bravecreative

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

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 […]

Budgeting vs forecasting - business planning - accounting - accountants
Tax Saving Accountants

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-VAT-Returns-accountant
Tax Saving Accountants

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 […]

boxes-of-imported-goods-surrounding-world-globe
Tax Saving Accountants

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 […]

car-dealer-passing-a-pen-to-lady-in-a-company-car
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 […]

accounting and bookkeeping difference
Tax Saving Accountants

The Differences Between Accounting And Bookkeeping?

For those unfamiliar with the financial sector, certain terminology and its interpretation can be somewhat mindboggling. Bookkeeping and accounting, for example, are often seen as being much of the same process. Though it is true that each role engages with the analysis of financial data, a certain level of accountancy skills, and the proficiency to […]

Construction-workers-gathered-to-discuss-building-plans
Tax Saving Accountants

What Does The VAT Reverse Charge Delay Mean For Construction?

The government settled the domestic VAT reverse charge for building and construction services back in September this year, but it is said to have been delayed by a year and won’t go ahead until 1st October 2020. In this post, we will discuss what compromises the VAT reverse charge, the reasons for the delay and […]

Tax Saving Accountants

Making Tax Digital (MTD)

You may have heard about the recent changes to the way VAT must be reported. In April 2019, HMRC introduced Making Tax Digital (MTD). The main change with this new piece of legislation is the way your VAT returns are filed online. If your company is turning over more than £85,000 you are now required […]

calendar showing tax deadlines
Tax Saving Accountants

Defining Annual Deadlines From an Accountancy Perspective

When it comes to the financial sector of business, it is important to be rigorously aware of the different annual deadlines. But remembering and understanding the Financial, Tax, Fiscal and Accounting years is complicated!  Each category owns varying relevance depending on your business. Stonehouse has produced this blog to explain the differences, and of which […]

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