AI and Automation in Accounting
AI and automation are transforming the accounting industry. With new technologies and automated systems, accounting practices and processes are becoming much more efficient. While there are certain risks and challenges associated with AI and automation, such as integration issues, its use in accounting allows accountants to focus on more strategic activities. This blog will explain…
The Rise of Remote Accounting
The rise of remote accounting | 2-minute read Technological advancements have revolutionised our approach to work. Professionals across all industries are increasingly relying on technology to perform their tasks and streamline operations. The rise of technology has encouraged a shift toward remote work and flexible work schedules. Gone are the days when employees were expected…
How to choose the right accounting software for your business
How to choose the right accounting software for your business | 2-minute read With so many accounting software options to choose from, it can often be difficult to determine which is the right one for your business. However, choosing the most suitable option is easy when you know what you need and what factors to…
How to create and stick to a budget
How to create and stick to a budget | 2-minute read Creating, and most importantly, sticking to a budget is crucial to reach business goals and achieve financial stability. A budget allows a business to plan out expenses, prevent overspending and ensure there is enough money to pay bills, suppliers, and operational costs each month….
Tax strategies for year-round planning
Tax strategies for year-round planning | 2-minute read Tax planning is not just a once-a-year task. It’s an ongoing process that can help small businesses see significant savings throughout the year. While its common to focus on tax savings in early spring as the end of tax year approaches, most business owners don’t realise the…
Changes to Companies House 2024
From 4th March 2024, changes came into force that gave Companies House new and enhanced powers, marking the most significant changes in the regulator’s 180-year history. It’s vital that you are aware of the changes being made to Companies House as failure to adhere to the new rules could result in fines or, in some…
What are the tax implications of selling your business?
Selling your business can be an exciting and profitable time. But, if you’re thinking of selling your business, it’s important to be aware of any potential tax implications this may involve. In this blog, we’ll take a closer look at the tax implications you should know about if you’re selling your business. How much tax…
5 Employment law changes for 2024
5 Employment law changes for 2024 and how they could impact your business | 3-minute read With each new tax year come new and updated regulations for employers. As a business, it’s vital that you keep up with changing legislation and ensure that you remain fully compliant. Here are five employment law changes that your…
Outsourced accounting misconceptions
This blog will address outsourced accounting misconceptions. Outsourced accounting is a great way to improve efficiency and streamline operations. It provides businesses with peace of mind that their accounts are being taken care of and allows companies to grow at an accelerated pace. However, despite its popularity there are some misconceptions and myths around outsourcing…
Autumn Statement 2023: Everything accountants needs to know
On November 22nd, chancellor Jeremy Hunt delivered the autumn statement 2023 to the House of Common. The announcement focused on reducing debt, cutting tax, and backing British businesses. During his presentation, the chancellor introduced a several changes in attempt to grow the economy and reduce debt. Today, we look at these changes and explain what…
Invoicing tips for small businesses
Keep reading to discover how our invoicing tips can help your small business maximise cashflow. Small businesses and small business owners need to create and issue invoices to ensure they get paid by customers and clients. Invoicing and billing are crucial to the success and stability of a small business. Incorrect or late invoicing can…
How to prepare your business for the new year
The new year is just a few months away and now is the perfect time to begin preparing your business for 2024. As the end of 2023 draws near, it is exciting to look back on what you have achieved this year and celebrate another year in business. But it is equally as important to…
