
How AI and outsourcing can transform your accounting
How AI and outsourcing can transform your accounting | 2-minute read Accounting the in the modern world Traditional challenges in accounting include manual data entry, limited resources, time management, lack of real time insights, and complex compliance requirements. However, in today’s modern world companies are equipped with modern solutions to thrive in a busy, fast-paced…

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 is reconciliation in accounting?
It’s important that businesses of all shapes and sizes keep a tight hold on their finances. This includes ensuring that all accounts are recorded accurately and on time. After all, it’s crucial that all businesses always know where they stand financially and of course, meet all tax obligations. Reconciliation is an accounting process which many…

How to sell a limited company
Selling a limited company can be a complex process, and of course, it’s a significant decision, with both financial and emotional implications that should be considered. 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…

What is a Companies House Confirmation statement?
The Companies House Confirmation statement is a document that all limited companies and LLPs must file at Companies House each year. This confirmation statement, which has an annual filing fee, is designed to give Companies House a yearly snapshot of the management and ownership of your business and it’s vital that this information is kept…

Everything you need to know about paying tax on dividends in 2022/23
Paying tax on dividends in 2022/23 | 4 minute read If you are both a director and a shareholder of a Limited company, one of the most tax-efficient way of earning an income is to pay yourself through a combination of salary and dividends. However, if you do not understand dividend payments or how much…

Do I have to file a self-assessment tax return?
Do I have to file a self-assessment tax return? | 3 minute read Whether you are self-employed as a sole trader and earned more than £1000 or you are a partner in a business, you must file a tax return to HMRC. A self-assessment form is a different type of tax, which is designed to…

5 start up accountancy tips for 2022
5 start up accountancy tips for 2022 | 3 minute read The New Year is the perfect time to seize new opportunities, follow your dreams and start your own business. In the past two years, thousands of entrepreneurs have already taken a giant leap of faith and began their start up journey. And, although launching…

Reasons you should hire a small business accountant in 2025
Thinking of hiring a small business accountant in 2025? Read on. Running a small business can be incredibly challenging, especially when it comes to getting your business of the ground, maximising exposure, gaining funding to grow and ensuring that you do not overspend during those early days. And, from the moment you set up your…

The benefits of working with a Xero accountant
The benefits of working with a Xero accountant | 3 minute read Over the years, significant advances in technology have paved the way for a whole host of accounting technology that has been developed to optimise your accountancy processes. And, cloud based accounting software such as Xero is leading the way when it comes to…

A guide to 2020/21 dividend rates in the UK
All limited companies operating throughout the UK, regardless of their size, should be aware of the 2020/21 dividend rates in the UK. This is because there are a whole host of dividend tax rates that affect how much money you can take from your company in the form of dividends. Understanding dividend rates is crucial…

Our guide to completing a VAT return
As soon as you reach the VAT threshold, which is currently £85,000, you will be expected to pay VAT on all taxable sales. However, you may also be entitled to claim back VAT that has been charged on business purchases. As part of this process, you will also need to submit a VAT return to…