What can businesses expect from Rishi Sunak?
History has been made in the UK, after Rishi Sunak, who has become the youngest prime minster for more than 200 years, has been elected to fix the many mistakes made my Truss. Rishi Sunak, who is the UK’s third Prime Minister in seven weeks has been elected as the new Tory leader after winning…
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,…
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…
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…
How to get your finances in order for 2022
With the New Year just around the corner, now is the perfect time to start thinking about getting your finances in order and starting 2022 of on the right note financially. Its also a good time to start thinking about how you plan on implementing any financial changes to your business as we approach what…
What are the tax rules around staff Christmas parties?
It’s that time of year again. As we all start to wind down towards Christmas, many businesses are in the midst of planning their Christmas parties and festive gatherings! If you’re planning a Christmas party, it’s important you understand the tax rules and exemptions around staff parties. Of course, it’s worth noting that these rules…
How to read a company balance sheet
Whether you’re an owner of a business or an investor, it’s important that you understand how to read a company balance sheet! Why? It’s crucial that you are able to assess a company’s financial health so that you are able to make sound and savvy business decisions and smart investments. If you struggle to read…
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…
When should your business register for VAT?
No matter what industry you operate your business in, by law, you must register for VAT if your VAT taxable turnover goes over £85,000, or that you know that you will go over the tax threshold by the end of the year. And, when it comes to working out your VAT taxable turnover, you must…
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…
How to go self employed
Since the beginning of the pandemic, there has been a stark rise in people becoming self-employed, with more people than ever before having to re-evaluate their careers and embrace new opportunities. And, if you’re considering becoming a self-employed worker, you have certainly landed in the right place. We’ve created a helpful guide outlining everything…
Should you trademark your business?
Trademarking your business might seem like a hassle at first however, there are a whole host of benefits that make the process worth it. Wondering whether or not it is the right decision to trademark your business? We’re created a helpful guide outlining everything that you need to know. But first and foremost, what…
