How Much Do Bookkeepers Charge? A Comprehensive 2026 Guide
For small business owners, managing the books is often the first task that gets pushed to the late hours of the night or the weekends. Eventually, you realise that your time is better spent growing your business than wrestling with spreadsheets. That’s when the big question arises: “How much do bookkeepers charge?” Whether you are a…
What is a year-end financial statement
Let’s be honest, when you hear “year-end financial statement,” you probably picture dreadful reports and complicated jargon. It feels like a piece of mandatory paperwork, not a useful tool. However, here at React Accountancy, we believe this vital annual document should be clear and insightful, not confusing. After all, your year-end financial statement isn’t just…
Unlocking Your Side Hustle Potential: Understanding HMRC’s New Tax Thresholds with React Accountancy
In an age where the “side hustle” has become a pervasive and often essential part of modern life, navigating the complexities of taxation can feel like an additional burden. Whether you’re a budding entrepreneur selling handmade crafts, a freelancer offering your skills online, or a gig economy worker, understanding your tax obligations is crucial. For…
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
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…
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
Accounting terms every business owner should know As a business owner, you’re likely juggling a million things – from crafting the perfect product to nurturing customer relationships and strategising for growth. While the intricacies of accounting might seem like the domain of CPAs and bookkeepers, a fundamental understanding of key accounting terms is crucial for…
