Are entertainment expenses tax deductible?
The world of business is not confined to one place. And it’s not uncommon for clients to want to connect with or thank their colleagues or clients outside of the office. For many businesses, entertaining clients and customers is part and parcel of their marketing strategy. So it’s common practice for companies of all shapes…
The small business guide to managing cash flow
As a small business, your cash flow can make or break your business. In fact, according to research: Cash flow is the number one reason for business failure amongst start-ups 78% of all UK SMEs that are owed money are forced to wait at least one month beyond their agreement terms for payment 52% of…
Your guide to a successful financial audit
In any business, it’s important that you stay on top of your finances and prioritise your financial audits, especially when it comes ensuring that your company is always in the strongest position financially. At the same time, a financial audit will also give you a fair and true insight into your current financial position…
What are Business Assets?
There are lots of different types of business assets, but one thing they all have in common is that they help companies to optimise their performance, growth opportunities and production. From cash and stock through to office equipment, buildings and property, business assets are considered as being a resource of value that you own or…
Your guide to self-assessment tax return
Your guide to self-assessment If you find the thought of filing your self-assessment tax return form a daunting prospect, you’re certainly not alone! It’s a common misconception that filling out your self assessment form is a complex process when in fact, if you are organised, prepared and understand what you need, the process can be…
Our guide to VAT
Our guide to VAT Here’s our VAT guide to everything you need to know about VAT for your business. What is VAT? VAT stands for Value Added Tax. This tax is applied to the sale of goods or services by companies who are registered in the UK. When a sale is made, the company adds…
