Tag: business

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 Christmas parties and festive gatherings!If you’re planning a Christmas party – either virtual or in person – 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…

VAT Return

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…

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…

How to start a limited company

  If you’re about to begin a new business venture, setting up a limited company is one of the most tax-efficient and smartest ways to run your company. A limited company is a business structure that has been incorporated at Companies House as a legal ‘person’. But what does this mean? This basically means that…