Financial Year-End Checklist
Financial Year-End Checklist | 2-minute read With the financial year drawing to a close and dare we say it, Christmas just around the corner, now is the perfect time for businesses of all different shapes and sizes to start thinking about getting their financial records in order. After all, a financial year-end checklist is essential…
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…
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…
What are the tax implications of selling your business? Updated for 2024
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…
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…
Why hiring an accountant is an investment in your business
Hiring an accountant can play an important role in the supporting of your business. They offer a range of accounting services, from tax planning to finance management. Choosing to outsource to an accountant is a great investment in your business and can be invaluable to keep ahead of competitors and identify opportunities for growth. If…
3 Benefits of hiring a small business accountant
Hiring an accountant is critical for your small business as they provide expert advice, recommendations, and support to improve your financial position. Not only that, but hiring an accountant also provides you with reassurance that your legal, financial, and tax responsibilities are being taken care of. A good small business accountant will offer you a…
Accounting terms every business owner should know
Whether you’re a long-term business owner or a brand-new start-up, it is always a good idea to freshen up on your accounting basics. Even if you hire a professional accountant to help and assist with money matters, there is still a lot of value in understanding accounting terms and knowing a thing or two yourself….
A guide to bookkeeping
Bookkeeping is the process of recording and tracking financial transactions in a business. It is essential business admin, but it can be tough to know what tasks you need to do and how often you need to do them. Our guide to bookkeeping explains basic bookkeeping tasks that every small business owner or independent contractor…
Accountancy myths busted
The accounting profession is surrounded by myths, and although a growing number of businesses are using accounting services each year, some sole traders remain on the fence. At React Accountancy, we strive to change the narrative by providing a no-jargon accounting service with open and honest communication, so that you know you’re in reliable hands….
How to sell a limited company
People decide to sell their limited company for a whole host of different reasons. However, the vast majority of business owners will choose to sell their limited company for the following reasons: Retirement Profit driven Simply not wanting to run the business anymore. You can either sell your shares to a third party buyer,…
